Non-banks can’t show FDRs to meet regulatory requirement

The Bangladesh Bank today said non-bank financial institutions would not be able to show their fixed deposit receipts (FDRs) as statutory liquidity ratio if they took loans against the funds.
23 August 2021, 15:00 PM

Islami Bank launches Shari’ah based dual currency cards

Islami Bank Bangladesh Limited (IBBL) has launched Shari’ah based dual currency Mastercard Titanium, gold debit, world and gold credit and prepaid cards in Bangladesh.
22 August 2021, 12:50 PM

Banks’ health improved for 9-6% interest rates: Kamal

The health of the bank has improved for raising the interest rates to 9 per cent and 6 per cent respectively for lending and deposits, Finance Minister AHM Mustafa Kamal said today.
19 August 2021, 13:09 PM

Standard Chartered-UCEP announce second phase of re-skilling programme

Standard Chartered has announced to launch the second phase of re-skilling and employment reintegration programme in partnership with UCEP for those who have lost their livelihoods due to the Covid-19 fallout.
17 August 2021, 13:28 PM

Probashi Kallyan Bank signs deal with NCC Bank for remittance disbursement

State-owned Probashi Kallyan Bank (PKB) today signed an agreement with NCC Bank for the disbursement of remittance sent by Bangladeshi expatriates to their beneficiaries in the country.
16 August 2021, 13:58 PM

Regular banking hour 10am to 4pm from Wednesday

Banking operation returns to normalcy from August 11 as the government looks to partially reopen the economy despite a surge in infection of coronavirus.
9 August 2021, 10:44 AM

Brac to issue Tk 1,350 crore bond

Microcredit provider Brac has got approval to issue zero-coupon bonds worth Tk1, 350 crore through private placement.
7 August 2021, 07:53 AM

Central bank relaunches Bangladesh Bank Bill to mop up excess liquidity

The Bangladesh Bank today took a decision to mop up excess liquidity by way of allowing banks to invest their idle fund at an instrument namely “Bangladesh Bank Bill”.
5 August 2021, 13:04 PM

Banks to remain closed on Aug 8

The Bangladesh Bank today decided to keep banks closed on August 8 to contain the latest wave of the coronavirus pandemic.
5 August 2021, 09:23 AM

Nine banks donate Tk 15.92 crore to Brac's Covid-19 prevention campaign

Nine private banks have partnered with BRAC in its campaign to strengthen its public awareness and emergency support across the country amid the fresh wave of the Covid-19 pandemic.
4 August 2021, 12:40 PM

CPD urges Bangladesh Bank to mop up excess liquidity

The Centre for Policy Dialogue (CPD) today prescribed the Bangladesh Bank to increase the rate of cash reserve ratio to mop up the excess liquidity.
3 August 2021, 09:31 AM

Bangladesh Bank to probe into disbursement of stimulus fund

Bangladesh Bank has asked banks to send details of clients who got loans from the government’s stimulus package in order to ensure probe whether the low-cost funds went to productive sectors.
3 August 2021, 05:50 AM

New MFS hits market

A new mobile financial service (MFS) provider, Trust Axiata Pay, launched business operations yesterday aiming to promote cashless transactions.
28 July 2021, 18:00 PM

Banking hour 10am-1:30pm from tomorrow

People will be able to do banking activities from 10am to 1:30pm from tomorrow after a five-day shutdown.
24 July 2021, 11:34 AM

India’s ban on Mastercard to hit banks’ card operations, income

India’s move to ban Mastercard for breaching data storage rules has destabilized the country’s financial sector as it will disrupt bank card offerings and affect revenues, payments and banking industry executives said to Reuters. 
15 July 2021, 18:00 PM

Loan rescheduling policy relaxed for rawhide traders

The Bangladesh Bank has today relaxed the loan rescheduling policy for rawhide traders so that they can manage funds from banks smoothly to purchase skin of sacrificial animals during Eid-ul-Azha.
13 July 2021, 15:09 PM

Regular banking hour before Eid, 10am to 1:30 pm after Eid

Clients will enjoy regular banking hours before the start of the Eid holidays on July 20 to help people celebrate the religious festival with joy.
13 July 2021, 13:10 PM

Modhumoti Bank gets ‘A1’ rating

The Credit Rating Agency of Bangladesh has upgraded the rating of Modhumoti Bank to “A1”, to be effective till June 30, 2022, based on its financial statements as of December 31, 2020. Last year it was “A2”, says a press release.
26 June 2021, 18:00 PM

Midland Bank gets ‘A1’ rating

The Credit Rating Agency of Bangladesh (CRAB) has upgraded long term credit rating of Midland Bank to “A1” based on financial statements as of December 31, 2020, whereas it was “A2” last year.
26 June 2021, 18:00 PM

Cash incentive rules flouted

Kuliarchar Sea Foods, a Cox's Bazar-based fish exporter, withdrew about Tk 19 crore in cash incentives from Mercantile Bank last year, violating government rules.
26 February 2018, 18:00 PM