Tofail Ahmed inaugurates the 100th branch of Dhaka Bank Commerce Minister Tofail Ahmed inaugurated the 100th branch of Dhaka Bank Limited at Banani in the capital on Wednesday in presence of, among others, the bank’s chairman Reshadur Rahman, founder Chairman Abdul Hai Sarker, former Chairman A.T.M. Hayatuzzaman Khan, directors and

Bank recap fund in budget to be halved in FY17 The government is going to reduce the bank recapitalization fund by 50.0% in next fiscal year’s budget while an amount of BDT 30.0 billion has already been decided to be cut from the current allocation. According to a Finance Division

Bangladesh averts being blacklisted in APG report Bangladeshi has averted being blacklisted for money laundering and terrorism financing in the final report of Asia Pacific Group on Money Laundering. They said the country’s diplomatic efforts helped it avoid the risk of being on APG blacklist. The cabinet meeting recently approved

Bangladesh Bank wants list of goodies among bank borrowers The central bank has sought information about good borrowers from all the commercial banks, as the goodies would enjoy financial incentives. “We’ll issue an instruction for furnishing the information (in prescribed form) to know about the number of good borrowers, amount

Private credit growth hits 18.36pc Private sector credit growth continues its forward thrust despite liquidity crisis and rising interest rates as businesses jump into an expansion mode. In January, private sector credit growth stood at 18.36 percent, up from 18.13 percent the previous month — and way past the ceiling