Dhaka February 23, 2025, 2:47 pm
The state-owned specialised banks and financial institutions (FIs) are making little effort to recover their written-off loans worth billions of taka, data showed.
The central bank has taken a move to make Islamic bonds popular by enhancing the volume of Islamic Bond Fund and creating scopes of the bonds' multiple uses.
Prime Minister Sheikh Hasina on Monday told Parliament that there is no liquidity crisis in the banking sector insisting that certainly there is money in banks.
Country’s foreign exchange reserve now stands at US$33 billion.
Prime Minister Sheikh Hasina warned Friday of stringent measures against private banks who are defying the directive to lower the interest rate to single-digit.
Overall shortfall in provision against bank loans swelled by nearly 34 per cent or Tk 22.47 billion in the first quarter (Q1) of the current calendar year.
The People's Bank of China (PBOC), China's central bank, on Thursday pumped 100 billion yuan (about 14.51 billion US dollars) into the financial system through open market operations.
Banks should create their own data bank to help prevent trade-based money laundering using their services, speakers at a programme said Monday.
Bangladesh Bank has raised the transaction limit of banking through mobile financial services (MFS).
In a baffling move, the central bank yesterday extended a set of new facilities to loan defaulters to give them a fresh lifeline, stoking fears of further deterioration in the banking sector’s financial health.
Mercantile Bank Limited recently signed an agreement with Provita Group regarding collection of funds from countrywide distributors of Provita Group through ‘MYCash’ Mobile financial services platform of Mercantile Bank Limit
Speakers at a programme in the capital on Wednesday emphasised the need for creating a sizeable manpower capable of handling Islamic banking in Bangladesh.
The central bank has asked the four state-owned commercial banks (SoCBs) to focus on SME (small and medium enterprise) lending, particularly in the manufacturing sector, along with large loans to minimise risks, officials sai
Mercantile Bank Limited arranged a seminar on Anti Money Laundering & Combating the Financing of Terrorism for senior executives and officers of the Bank recently.
The Bangladesh Bank today said that the banking hours during the month of Ramadan will be from 9:30am to 4:00pm.
The National Board of Revenue (NBR) Chairman Md Mosharraf Hossain Bhuiyan on Thursday said the government would introduce loans in special arrangement for the investors who had made losses in the capital market recently amid
United Commercial Bank Limited (UCB) has recently signed an agreement with Sonali Bank Limited for collecting the E-Chalan and other fees and charges of different organisations through UCB’s mobile financial service UCash.
Eastern Bank Limited (EBL) has recently signed a customer benefit agreement with HANSA, a premium residence owned by Unique Hotel and Resorts, located at Uttara in the capital.
Total number bank branches at the end of 2018 stood at 10254, with 9,310 of them having online facilities.
The deputy governor said banks only invest in software, but there are so many other things they need to do for strengthening the IT security.
