Banks ready to invest Tk 1,650cr in stocks once floor price is lifted Fourteen banks have together formed a Tk 1,650 crore fund to invest in the stock market but they are now waiting for the lifting of the floor price that the market watchdog set for all stocks earlier.

Govt starts working on Bank Commission The government has finally started working on forming a bank reform commission to review the sector’s health and take necessary remedial measures. Finance Minister AHM Mustafa Kamal has already talked to some former bankers, bureaucrats and economists, whom a ministry official believes are probable

Land Service Hotline opens today The land service hotline [Call Centres] of the Ministry of Land will be inaugurated today, according to a press release, reports BSS. At a meeting recently, Land Minister Saifuzzaman Chowdhury said the hotline will set out on October 10.It will be a milestone in the

School Banking receives big response with Tk 14.94 billion Deposits School Banking is gradually getting huge responses from the students across the country as deposits with the Banking Accounts was nearly Tk 15 billion [Tk 1,494 crore] at the end of June 2019, reports BSS. The Central Bank’s latest quarterly

BB spurns securities regulator’s request The Bangladesh Securities and Exchange Commission, or BSEC, sought the access as part of the government’s efforts to develop the bond market and arrange long-term financing. A committee headed by financial institutions division secretary Ashadul Islam has recommended a number of measures, including the issuance