Cash outside banks drops further in Feb
Cash held outside the banking system in Bangladesh continued to decline in February, signalling a gradual shift in depositor sentiment after years of distrust driven by scandals, instability and corruption...
Tags : Bank
MTB Neo achieves Tk 100cr milestone in FD, DPS
Mutual Trust Bank PLC has recently crossed a milestone by accumulating over Tk 100 crore in fixed deposit and deposit pension scheme accounts through its digital banking platform MTB Neo, said a press release...
Islami Bank to auction S Alam Group鈥檚 assets
The Islami Bank Bangladesh PLC has announced the auction of about 11 acres of land, factories and warehouses owned by the controversial Chattogram-based conglomerate S Alam Group, in a bid to recover nearly Tk聽10,000 crore in defaulted loans.
Expatriates send $1.78b remittance in 19 days
The strong inflow of remittances has continued into April, with expatriates sending $1.78 billion in the first 19 days of the month...
BB allows payment against discrepant import bills
The Bangladesh Bank on Sunday allowed banks to make payments against discrepant import bills if the importer accepts the discrepancies on reasonable grounds...
StanChart launches freelancer account
Standard Chartered Bank Bangladesh on Sunday introduced a dedicated banking service for freelancers, offering a fully digital and charge-free account named the 鈥楽tandard Chartered Freelancer Account鈥�...
ONE Bank joins Partnership for Carbon Accounting Financials
ONE Bank PLC has joined Partnership for Carbon Accounting Financials by signing a commitment letter on December 10, 2024 to measure and disclose the bank鈥檚 financed emissions, said a press release...
Ashraful joins Janata Bank as DMD
Ashraful Alam has joined Janata Bank PLC as deputy managing director, said a press release...
Dollar holdings of banks in Bangladesh top $5 billion in March
The dollar holdings of Bangladesh鈥檚 commercial banks increased for the third consecutive month in March, due mainly to a sharp rise in remittance inflows and export earnings, according to Bangladesh Bank data...
Bangladesh sees fall in local card use, increase in overseas cards in Feb
Spending abroad using Bangladeshi credit cards declined by about 16 per cent in February, while expenditure by foreign credit cardholders in Bangladesh saw an increase, according to the latest report from Bangladesh Bank...
Prime Bank celebrates 30 years of service
Prime Bank is celebrating its 30 years of service, marking a journey of trust, innovation, and shared progress. Prime Bank reaffirms its commitment to better serving customers while contributing to a more inclusive and resilient economy in the days forward...
Karmasangsthan Bank鈥檚 business dev meeting
鈥楤usiness Development Meeting-2025鈥� was held in Dhaka on Saturday with the participation of regional, branch managers and field officers of Karmasangsthan Bank鈥檚 Dhaka, Dhaka North, Gazipur and Narayanganj regions...
Exim Bank signs MoU with HAAB
Exim Bank has signed a memorandum of understanding with the Hajj Agencies Association of Bangladesh...
Nazrul joins Janata Bank as DMD
Md Nazrul Islam has joined Janata Bank PLC as deputy managing director, said a press release.
Grameen Bank鈥檚 govt ownership cut from聽25pc to 10pc
The government鈥檚 ownership in Grameen Bank is set to come down from 25 per cent to 10 per cent following the approval of the Grameen Bank (Amendment) Ordinance in principle at an advisory council meeting on Thursday.
Probe report on BB reserve heist case on May 18
A Dhaka court on Thursday set May 18 as the new deadline for submitting the probe report in the Bangladesh Bank reserve heist case of 2016...
Rafiqul joins BASIC Bank as DMD
Md Rafiqul Islam joined BASIC Bank Limited as deputy managing director on Sunday, said a press release...
Shabnam Huq鈥檚 25th death anniv today
Today is the 25th death anniversary of Shabnam Huq, wife of Arham Masudul Huq, former chief executive officer of Dhaka Bank Foundation, said a press release...
Premier Bank fined as Iqbal withdraws fund
The Bangladesh Financial Intelligence Unit has fined Premier Bank for allowing its former chairman, HBM Iqbal, to illegally withdraw Tk 1.11 crore and $30,000 from frozen accounts, according to BFIU officials...
Govt鈥檚 bank borrowing jumps to Tk聽51,981cr
The net government borrowing from the country鈥檚 banking sector surged in the July鈥揗arch period of the 2024鈥�25 financial year compared with that in the same period a year earlier, as it ramped up borrowing to address budget deficit ahead of the financial year鈥檚 end...
Kimiwa Saddat appointed as MD and CEO (current charge) of Community Bank
Community Bank Bangladesh PLC announced the immediate appointment of Kimiwa Saddat as managing director and CEO (current charge), said a press release on Wednesday...
28-day repo scrap driving treasury bill rate hikes
Interest rates on treasury bills and bonds have climbed sharply after the Bangladesh Bank discontinued its 28-day repo facility, tightening liquidity in the banking system and making banks more hesitant to invest in government securities...
Rubana promoted as DMD at Agrani bank
Rubana Pervin has been promoted to the position of deputy managing director of Agrani Bank PLC...
India鈥檚 billionaire jeweller arrested in Belgium over $1.8bn bank fraud
Indian diamond merchant Mehul Choksi has been arrested in Belgium, his lawyer said Monday, in connection with a case of alleged bank fraud...
Nurun Nabi made DMD of Sonali Bank
Md Nurun Nabi has been promoted as deputy managing director (DMD) of state-owned Sonali Bank PLC recently...
Bangladesh Bank data shows remittance narrows payment deficit
Bangladesh鈥檚 current account deficit shrank in July-February of the current financial year due mainly to a sharp increase in remittance inflow, according to Bangladesh Bank data.
Bangladesh Bank says forex reserve crosses $21b
Bangladesh鈥檚 gross foreign exchange reserves, calculated under International Monetary Fund guidelines, crossed $21 billion again, driven by strong remittance inflows and export earnings...
NRBs allowed to open accounts in any currency
Bangladesh Bank on Sunday allowed Non-resident Bangladeshis (NRBs) to open bank accounts in all usable foreign currencies...
Al-Arafah鈥檚 MD Farman, 3 others sent on leave
Al-Arafah Islami Bank has sent its managing director Farman R Chowdhury on a three-month mandatory leave...
Amalendu appointed as DMD of Premier Bank
Seasoned banker Amalendu Roy has been appointed as deputy managing director of The Premier Bank PLC...