Loss-making exchange houses of banks are being turned into agent banks Banks are working to turn their exchange houses into agent banks as their overseas operations have largely flopped. The central bank has so far allowed banks to open 67 exchange houses overseas to facilitate remittance sent to Bangladesh. Of

Country moves to import cash dollar The central bank of Bangladesh moves to import cash US dollar through a commercial bank to feed a growing demand for the greenback on the market. Officials said the disclosure was made at a meeting of bankers, held in the central bank headquarters in

Bank clients fret over govt move to hike excise duty on deposits Bank clients with relatively small-sized savings are worried as the government is set to hike excise duty on deposits in banks and financial institutions by up to 100 per cent in the national budget for the next fiscal

Bad loans weigh down banks A first generation private commercial bank has been fighting a loan default case worth about Tk 100 crore in court for the last 15 years, meaning it had to keep provisioning for the amount every year. But it came as a great relief to the

FSSL rebranded as NRB Equity Management First Securities Services Limited (FSSL), one of the leading merchant banks in Bangladesh, has recently been renamed as NRB Equity Management Limited to rebrand itself. Half a dozen of Non-Resident Bangladeshis (NRBs), some established businessmen and seasoned professionals are now working for the company