The commission also wants the fund dedicated for each bank to be increased to Tk 300 crore

However, the displaced official said the allegations are yet to be proved

Renata PLC has raised Tk 536 crore by issuing zero coupon bonds and preference shares, saying the funds would be used to reduce its average cost of lending. 

Over 5 lakh submitted e-returns since July 1 to November 24

They sought removal of Nurun Nahar and Habibur Rahman

Saima Wazed Putul, daughter of former prime minister Sheikh Hasina, is the founder of the foundation

Labour Adviser Brig Gen (retd) M Sakhawat Hussain will lead the six-member panel

“Depositors kept their hard-earned money in banks so efforts will continue in order to ensure that deposits are unaffected,” he added.

The adviser made these remarks today during a press conference at the Secretariat in Dhaka

A top official, requesting anonymity, said that the new board of the bank uncovered irregularities in loan disbursement at 24 branches and found evidence linking the 194 officials to these loan scams.

The bank also intends to invite its former foreign shareholders, including Al Rajhi and the International Finance Corporation, to re-engage with the institution

This accounts for around 17 percent of total outstanding loans.  

The accounts will remain frozen for 30 days in the first phase

Banks have been asked to freeze all personal and private company accounts of three top former and current officials of NRBC Bank

Each bhori of 22-carat gold will be Tk 134,509 from tomorrow

The fee will be Tk 20 for payments of up to Tk 25,000 and Tk 50 for up to Tk 50,000

After remaining above the $20 billion mark for just three days, Bangladesh's foreign currency reserves dropped to $18.46 billion after the country paid its regional import bills on October 9.

However, the Indian currency avoids sharp losses on central bank's intervention

“Similar to past political centralisation, we’ve also seen a concentration in the financial sector,” Mansur said at the “3rd Bangladesh Economic Summit 2024: Inequality, Financial Crimes, and Healing Bangladesh’s Economy,” held at Pan Pacific Sonargaon Dhaka

The bank’s profit before provision rose in Jan-Sep