Browse Tag

Banking

SJIBL inks MoU with UK-based PrimaDollar

Shahjalal Islami Bank Limited in collaboration with PrimaDollar will launch shortly fintech based factoring solution to the exporters where local exporters will be able to obtain their deferred receivables on a sight basis.

This solution is secure, faster and will help to shorten the cash cycle of the exporters. PrimaDollar Operations Ltd. a global trade financier headquartered in the UK founded in 2015, ...

Padma Bank holds training on gender equality

Padma Bank being the front runner in online activities, also continuing their online endeavors amid COVID Pandemic.

From the Board of Directors to Management Committee as well as Branch Managers’ any discussion and training is being organized virtually. In this connection, online training program titled “Training on Gender Equality” was held in August 16 & 17, 2020. This training is being conducted through Zoom app. Two day’s long training on consciousness raising on wo...

Concept of Education Banking

 

By A. R. Farrukh Ahamed

Education is universally recognized as a right, not a privilege. Unfortunately, this right is often interrupted due to fund unavailability of the education providers and the learners too. The Right to Education is guaranteed by many legal tools of the global bodies as well as by the constitutions and laws of the state parties. But in many developing and least developed countries like Bangladesh, this right cannot be fully implemented as there has been a shortage of investment in education. Though ‘investment in education’ is considered the most effective and trustworthy investment by all the stakeholders, but fund is still not ensured by the pa...

Bank Asia elects new Vice Chairman

Md Nazrul Huda, one of the Independent Directors of Bank Asia Ltd, has been elected as Vice Chairman of the Bank at a meeting of the Board of Directors heldrecently. Nazrul Huda Sir_VC_edHuda is a former Deputy Governor of Bangladesh Bank. He served Bangladesh Bank successfully for 35 years in different capacities. Mr. Huda obtained Masters in Economics from both University of Dhaka, Bangladesh and University of New England, Australia. He has a number of publications on important issues relating t...

New instructions for existing bank credit

Bangladesh Bank (BB) on Wednesday issued new instructions for banks to avoid the increasing trend of lending rate. “Banks can’t increase the rate of interest if the rate is fixed. In case of flexible, variable or bbfloating interest rate, banks can increase the rate once in a year,” said a BB circular issued Wednesday. For increasing the interest rate, the circular said, banks will have to issue notice to the borrowers at least three months ago. In case of term loans, banks can increase the lending rate by 0.50 percent each time. But,...

Eid notes from June 3

Bangladesh Bank (BB) will release new currency notes for Taka 10, 20, 50 and Taka 100 in the market ahead of Eid-ul-Fitr from June 3. The new notes will be distributed from all branches of Bangladesh Bank across the country every day until June 14, said a press release here today. call moneyThe new notes distribution will remain closed in the government holidays, the release added. The notes will also be distributed from Jatrabari Branch of the National Bank, Abdul Ghoni Road Corporate Branch of the Janata Bank, Elep...