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BB wants action against Agrani Bank MD, 9 officials

The Bangladesh Bank has requested finance ministry to take action against nine officials and the managing director of Agrani Bank for their alleged involvement in Moon Group financial scam, reports the New Age. agrani BankThe BB issued a letter to the MoF on March 15, 2015 requesting it to take measure against the alleged officials as Agrani Bank did not take proper action against them despite the central bank directives, an official of the BB told New Age on Monday. The BB also issued a separate letter to Agrani Bank managing director Syed Ab...

More European countries to join AIIB

The membership of the Asian Infrastructure Investment Bank (AIIB) is set to expand further, with France, Germany and Italy reported to have all agreed to join the China-proposed institution, reports Xinhua from Beijing. euThe decision of the three European countries, which was revealed by British newspaper The Financial Times and yet to be officially announced, came in the wake of Britain’s application last week to be a founding member of the 50-billion-U.S.-dollar bank. Meanwhile, Australian leaders have been lining up in the past few days to voice support for joi...

Non-banks asked to depend less on call money

The central bank has recently asked non-bank financial institutions to reduce their dependence on call money—a short-term bank loan repayable on demand. The directive has forced many non-banks to adjust their additional exposure, causing a fall in interest rate and a rise in transactions, reports the Daily Star. bb“We have been asked verbally to bring down our reliance on call money, which doesn’t generate any revenue for the government,” the chief executive of a non-bank said. A non-bank had a transaction ceiling of Tk 154 crore in the call money market, which...

HRW urges investigation into Salahuddin’s disappearance

Global human rights watchdog the Human Rights Watch (HRW) has urged the Bangladesh government to initiate immediate investigation about the disappearance Salahuddin Ahmed, spokesperson and joint secretary of the opposition, Bangladesh nationalist Party (BNP). Expressing its concern, the New York-based rights body said, “Bangladesh government has a history of failing to investigate the enforced disappearance of opposition members”. BNP-Salahuddin1-450x279According to HRW website, Ahmed was last seen on the evening...

Meghna Bank Head Office, Principal Branch relocated

Head Office and Principal Branch of Meghna Bank is now at a new Location. From March 18, 2015 Principal Branch of Meghna Bank Ltd is relocated at “Suvastu Imam Square (Head Office-Level-06 & Principal Branch-Ground floor), 65 Gulshan Avenue, Gulshan, Dhaka-1212. DSC_0918Chairman of the Bank Mr. H. N. Ashequr Rahman MP inaugurate the new premises as chief guest. Among Directors Mr. Md. Kamal Uddin, Mr. S. M. Jahangir Alam Manik, Ms. Rehana Ashequr Rahman & Sponsors of the Bank Mr. Md. Shohidul Ahsan & Mr. Md. Saiful Islam were atte...

Midland Bank to collect WASA bill

A contract signing ceremony for Collection of Bill between Dhaka Water Supply & Sewerage Authority (WASA) and Midland Bank Limited (MDB) was held on 16 March 2015 at the premises of WASA Bhaban, Karwan Bazar, Dhaka. Mail (3)Md. Ahsan-uz Zaman, Managing Director & CEO of Midland Bank Limited and Engr. Taqsem A Khan, Managing Director of Dhaka WASA signed the agreement on behalf of their respective organizations. Under the agreement, Midland Bank will collect water and sewerage bill of WASA from the customers through its branches. Mr....
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