The telecom regulator issues two separate show cause notices to Grameenphone and Robi asking them to reply in 30 days why their licences will not be cancelled despite violating the licensing conditions by not paying the telecom regulator’s ‘dues’.

Banks are showing reluctance in lending through the agent banking window based in rural areas despite mobilising large sums through the platform.

Prime Minister Sheikh Hasina has said steps are underway to bring down bank loan interest rate to single digit in all banks, noting that higher interest rate naturally causes loan defaults.

Shamim Ahmed and Md Nurul Islam have been promoted to deputy managing director (DMD) of Mercantile Bank.

Robi earned Tk 1.2 crore in profit in the second quarter of the year driven by data revenue growth, but the takings were far below what it made in the first quarter.

The Dhaka bourse fell yesterday because of a selling pressure of Grameenphone’s share, as the telecom regulator has threatened to revoke the licence of the largest listed company over unpaid audit claims.

The High Court refuses to grant bail to Mahbubul Haque Chisty, former chairman of Farmers Bank audit committee, in a corruption case filed on charge of misappropriating Tk 160 crore of the bank.

Jamaluddin Ahmed has recently been appointed chairman of Janata Bank.

Mahmudul Alam and Abdur Rahman have recently joined AB Bank as deputy managing directors.

The High Court (HC) scraps orders of Bangladesh Telecommunication Regulatory Commission (BTRC) asking Grameenphone to pay Tk 30 crore of fine for providing broadband internet services under Go Broadband.

Telecom operator Banglalink on Wednesday launched a digital healthcare service platform called “Daktarbhai” to provide comprehensive solutions to customers.

Shasha Denims is going to acquire 80 percent of shares of EOS Textile Mills worth Tk 110.68 crore.

Prime Minister Sheikh Hasina inaugurates ‘Gaangchil’, the third Boeing 787-8 Dreamliner of Biman Bangladesh Airlines, setting up a new milestone for the national flag carrier.

In a baffling move, the central bank is set to allow precarious Janata Bank to reschedule default loans amounting to Tk 1,049 crore of little-known Root Group that ranks 49 out of the top 300 defaulters in the country.

Goodness has a value and a cost and consumers should understand this and be willing to pay extra because companies have to spend more when they follow good practices with a view to ensuring safety in the value chain of foods.

Grameenphone has appointed Jens Becker as its new chief financial officer (CFO), effective from August 15.

Two state-owned banks -- Sonali Bank and Janata Bank -- get new chairmen, according to a letter issued by the finance ministry.

The managing directors of Sonali Bank and Rupali Bank yesterday swapped seats for the next three years, in what can be viewed as a baffling round of musical chairs.

Exports brought home record amounts in July, in a development that will bring a huge sigh of relief for the government battling sizeable balance of payments deficit.

The managing directors of Sonali Bank and Rupali Bank swaps seats for the next three years, in what can be viewed as a baffling round of musical chairs.