Bangladesh Bank (BB) imposed restrictions on six banks under the control of the S Alam Group in giving loans and prohibited opening Letter of Credits (LCs) for import. Now the banks will have to take permission from BB in case of distributing loans amounting over Tk 50 million.
The banks are - Islami Bank, Social Islami Bank, First Security Islami Bank, Union Bank, Global Islami Bank and Bangladesh Commerce Bank.
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Cash withdrawal raises to Tk 3 lakh daily limit
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 banks to monitor transactions through cheques and block any suspicious transfer of funds.
"Due to security problems in transporting cash to bank branches, please do not allow withdrawals more than Tk 3 lakh in cash during the upcoming week," the Bangladesh Bank informed banks through an SMS on Saturday.
The central bank also instructed banks to monitor transactions through cheques and block any suspicious transfer of funds.
"Due to security problems in transporting cash to bank branches, please do not allow withdrawals more than Tk 3 lakh in cash during the upcoming week," the Bangladesh Bank informed banks through an SMS on Saturday.
Ensure full autonomy of Bangladesh Bank
The Bangladesh Bank Officers Welfare Council today called upon the interim government to amend the Bangladesh Bank Order 1972 for ensuring complete autonomy of the central bank.
They made the demand in a memorandum submitted to the finance adviser of the interim government and later informed journalists about the demand in a press conference at the central bank headquarters in the city.
The council recommended that Bangladesh Bank should be kept free from political interference and influen...
They made the demand in a memorandum submitted to the finance adviser of the interim government and later informed journalists about the demand in a press conference at the central bank headquarters in the city.
The council recommended that Bangladesh Bank should be kept free from political interference and influen...
BB Governor too resigns
Bangladesh Bank (BB) Governor Abdur Rouf Talukder has resigned from his post.Talukder submitted his resignation letter to the Financial Institutions Division secretary on Friday citing personal reasons, sources in the Division said.
Secretary Md. Abdur Rahman Khan, however, declined to say anything in this regard.
The mobile phone of Abdu...
Shahjalal Islami Bank Ltd. organized Ifter Mehfil and Discussed on “the Significance of Mahe Ramadan” in Sylhet
Shahjalal Islami Bank Limited organized Ifter Mehfil and discussed “the Significance of Mahe Ramadan” on 15th April 2022 at the Amanullah Convention Centre, Sylhet. The Managing Director & CEO of the Bank Mr M. Shahidul Islam was present as Chief Guest on the occasion while the Additional Managing Director & CBO Mr Abdul Aziz presided over the ceremony.
The Alternative Director of the Bank Mr Mohammad Masud was present as a Special Invitation guest on the occasion. The Head of Public Relations Division & Bank Foundation Mr Md. Shamsud
SJIBL holds 826th EC meeting
The 826th meeting of the Executive Committee (EC) of Shahjalal Islami Bank Limited (SJIBL) was held recently at the Corporate Head Office of the Bank by maintaining proper hygiene and social distance.
The meeting was presided by Mr Akkas Uddin Mollah, Chairman of the Executive Committee (EC) of the Bank. The members of the Committee discussed the various issues related to investment in a different sector. Among others the Directors of the Bank & members of the Committee Dr Anwer Hossain Khan, Mr Md. Sanaullah Shahid, Mr ...
The meeting was presided by Mr Akkas Uddin Mollah, Chairman of the Executive Committee (EC) of the Bank. The members of the Committee discussed the various issues related to investment in a different sector. Among others the Directors of the Bank & members of the Committee Dr Anwer Hossain Khan, Mr Md. Sanaullah Shahid, Mr ...
