5 Shariah banks fined Tk 281.3cr in six months
Bangladesh Bank slapped five shariah-based banks with fines amounting to Tk 281.3 crore in the first six months of the year for their failure to maintain the minimum levels of cash and liquidity.
10 August 2023, 18:00 PM
Islami Bank tightens lending to mend health
Islami Bank has tightened its lending activities as the embattled bank looks to shore up its financial health by September.
9 August 2023, 18:00 PM
Most MFS operators struggle in a booming market
In 2011 when mobile financial service (MFS) was introduced in Bangladesh, 27 banks took the approval from the central bank as many had correctly predicted an impending boom in mobile banking amid rising usage of cell phones.
8 August 2023, 00:00 AM
External balance goes further downhill
Bangladesh’s external sector continues to be in distress as the overall negative balance widened by 23.5 percent last fiscal year despite the narrowing trade gap and current account deficit.
3 August 2023, 18:00 PM
BB gets down to rolling out Taka Pay card
The Bangladesh Bank has stepped up efforts to roll out a national card this year in order to cut the country’s reliance on international cards and save foreign currencies.
3 August 2023, 00:00 AM
Remittance continues to underwhelm
Migrant workers sent home $1.97 billion in July, down 5.86 percent from a year earlier, in yet another bad tiding for the country’s strained foreign exchange reserves.
1 August 2023, 18:00 PM