BASIC to get BDT 26.0 billion recap fund: Public money being put in ‘black hole’, say experts The government is set to issue BDT 26 billion-worth of bonds to meet capital shortfall of the problem-ridden BASIC Bank as per requirement under the Basel-III provision, officials said. Finance Minister AMA Muhith

Doha Bank opens in Bangladesh Doha Bank has formally opened a representative office in Bangladesh, the first bank from the Gulf region to do so. The office has been launched to support Bangladeshi investors and their investment in the Gulf region. R Seetharaman, chief executive officer of Doha Bank, made

Standard Chartered Bank arranges BDT 650.0 million bond for ACI Godrej Standard Chartered Bank has arranged BDT 650.0 million Zero Coupon Bond for ACI Godrej Agrovet Private Limited, a joint venture company formed by ACI Limited of Bangladesh and Godrej Agrovet Limited of India. This is the fourth Zero Coupon

Rates of interest on T-bills, bonds on the decline Rates of interest on the government treasury bills and bonds decreased significantly in recent months as most of the scheduled banks rushed to invest their excess liquidity in the government tools amid a slow credit demand from the industrial sector due

First Finance feels the pinch for corrupt directors The country’s non-bank financial institutions bear the brunt of financial irregularities including embezzlement in which FIs directors and high-ups are involved, the central bank investigative team has found. The names of corrupt big fish in financial institutions (FIs) surface at a time