Business


S Alam’s board at SIBL dissolved

Business —25 August, 2024 19:16

In a move to protect depositors' interests, Bangladesh Bank has dissolved the board of directors of Social Islami Bank Limited (SIBL) and appointed a new…

S Alam’s board at SIBL dissolved

Islami Bank freed from S Alam Group's control

Bangladesh Bank has dissolved the board of Islami Bank, effectively…




Islami Bank freed from S Alam Group's control
Beximco, Bashundhara, Summit, Orion and Nassa groups under scanner

National Board of Revenue has initiated an investigation against…

Beximco, Bashundhara, Summit, Orion and Nassa groups under scanner

BB appoints administrator to Nagad amid scrutiny over AL ties

BB appoints administrator to Nagad amid scrutiny over AL ties

The Bangladesh Bank (BB) has appointed an administrator to oversee operations at 'Nagad,' amid growing allegations that the digital financial service benefited from undue privileges…

Banking sector went downhill since 2017: ABB Chairman

Banking sector went downhill since 2017: ABB Chairman

The rot in the banking sector started in 2017, when Bangladesh Bank (BB) allowed a large industrial group to fully control a large private bank in the country, according to  the…

BB won't provide 'illegal liquidity support' to banks: Governor

BB won't provide 'illegal liquidity support' to banks: Governor

Bangladesh Bank (BB) will not provide illegal liquidity support or any other facilities to any bank, including Sharia-based Islami banks.  Governor Ahsan H. Mansur said this while…

Islami Bank dismisses eight top officials

Islami Bank dismisses eight top officials

Eight top officials, including five DMDs, of the Islami Bank Bangladesh Limited (IBBL) who were identified as collaborators ofS Alam Group, have been dismissed from the bank. To this…

BB sets loan limit for 6 banks owned by S Alam Group

BB sets loan limit for 6 banks owned by S Alam Group

Bangladesh Bank (BB) has imposed limits on the disbursement of loans for six banks owned by the controversial S Alam Group for restructuring these banks. From now on these banks cannot…

Wahiduddin warns of 'widespread irregularities' in projects

Wahiduddin warns of 'widespread irregularities' in projects

Planning and Education Adviser Wahiduddin Mahmud on Monday spoke of significant irregularities in ongoing development projects, stressing the urgent need for thorough scrutiny and…

Khondoker Rashed new BSEC chairman

Khondoker Rashed new BSEC chairman

Banker Khondoker Rashed Maqsood has become the new chairman of the capital market regulator Bangladesh Securities and Exchange Commission (BSEC). The Financial Institution Division…

BB raises cash withdrawal limit to Tk 3 lakh daily

BB raises cash withdrawal limit to Tk 3 lakh daily

Bangladesh Bank (BB) has ordered commercial banks not to allow cash withdrawals of more than Tk 3 lakh per account daily. Earlier, the limit was Tk 2 lakh. The central bank also instructed…

China youth unemployment jumps to 17.1% in July

China youth unemployment jumps to 17.1% in July

Youth unemployment in China ticked up to 17.1 percent in July, official figures showed, the highest level this year as the world's second-largest economy faces mounting headwinds.…

Global fashion brands cut Bangladesh orders after turmoil

Global fashion brands cut Bangladesh orders after turmoil

Top international fashion brands are shifting orders away from Bangladesh because of the turmoil that surrounded the fall of authoritarian Prime Minister Sheikh Hasina, according to…

Prices of daily essentials to come down gradually: Finance Adviser

Prices of daily essentials to come down gradually: Finance Adviser

Finance and Planning Adviser Dr Salehuddin Ahmed on Wednesday said the prices of daily essentials will come down gradually.  "Common people will get relief to some extent. But…

Money launderers will find no rest: new BB governor declares war on illicit finance

Money launderers will find no rest: new BB governor declares war on illicit finance

The newly appointed Governor of Bangladesh Bank, Dr. Ahsan H. Mansur, delivered a powerful message on his first day in office, vowing to leave no stone unturned in the fight against…

Ahsan H Mansur tipped to be next BB governor

Ahsan H Mansur tipped to be next BB governor

Eminent economist Ahsan H Mansur is likely to be the next governor of Bangladesh Bank according to officials familiar with the development on Tuesday.  The interim government…

‘Economy not in bad shape; it has merely slowed down’: Finance Adviser

‘Economy not in bad shape; it has merely slowed down’: Finance Adviser

Finance and Planning Adviser Dr. Salehuddin Ahmed on Tuesday urged government officials to expedite the completion of ongoing development projects, stressing their critical impact…