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

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

Dhaka, Jamuna banks allowed to float bonds worth Tk 1,000cr The Bangladesh Securities and Exchange Commission on Wednesday allowed two banks — Dhaka Bank and Jamuna Bank — to float subordinated bonds worth Tk 1,000 crore in total. The capital market regulator gave the approval in a commission meeting presided

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

Focus on policy support for growth of agent banking Appropriate policy support and necessary actions are required to give further impetus to agent banking services in the country, despite their significant growth since inception in 2014, according to a study. According to it, the services grew tremendously by 1,798.2 per