Banking

Bangladesh received US$7.888 billion in workers’ remittances during the first 83 days of the current fiscal year, marking a 13.8 percent increase from the US$6.930 billion received during the corresponding […]

A decade-long legacy of politically influenced lending, balance-sheet manipulation and weak oversight has plunged Bangladesh’s banking sector into a structural crisis of unprecedented proportions, according to industry experts and recent […]

A total of 90,098 depositors withdrew Tk3,245 crore from Sammilito Islami Bank in the first 20 days of September, while the bank received Tk2,700 crore in fresh deposits during the […]

Bangladesh Bank has issued new guidelines for reporting data on Islamic financial transactions by Islamic banks and Islamic finance companies operating in the country. The directive was issued on Sunday […]

The 928th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held recently at the bank’s corporate head office. The meeting was chaired by Md […]

RANGPUR: Bangladesh Bank (BB) Governor Md Mostaqur Rahman today said the private sector plays a vital role in accelerating the country’s economic development and creating employment. “The banks, entrepreneurs, institutions […]

City Bank has launched a new credit card offering cashback, airport lounge access and other benefits aimed at customers seeking greater value on travel, shopping and everyday spending. The City […]

BASIC Bank PLC has been advised to cautiously increase lending as its loan-to-deposit ratio has declined amid rising deposits and signs of improving public confidence in the state-owned bank. The […]

Bangladesh Bank has ordered banks, mobile financial service (MFS) providers and other payment service providers to immediately suspend payment services for entities offering loans through unauthorised mobile apps, online platforms […]

Bangladesh Bank has tightened eligibility for Export Development Fund (EDF) loans, barring companies from the facility if bills for local supplies against back-to-back letters of credit (LCs) remain unpaid for […]