Bankers to pay exporters Tk 105 for every US dollar

From the beginning of March, bankers have been paying Tk 104 for a dollar to exporters.
30 March 2023, 16:22 PM

IFIC Bank shortens name, assumes PLC suffix

The change came into effect yesterday.
29 March 2023, 11:36 AM

Who have highest/lowest bank deposits in Bangladesh?

Dhaka division’s 4.19 crore people in 13 districts have stored in banks a total of Tk 9.79 lakh crore, around 85 per cent of which, or Tk 8.32 lakh crore, belong to the people living inside Dhaka district alone.
28 March 2023, 15:46 PM

No minimum deposit for micro-merchant accountholders now

Small merchants who have personal retail accounts will not have to maintain any minimum deposit and face any account maintenance fee, according to a central bank notice.
20 March 2023, 06:56 AM

Banks to pay 4% penal interest for unpaid EDF loans

Currently, the volume of the EDF is $6 billion and the interest rate on EDF loans is 4.5%
19 March 2023, 12:02 PM

Bangladesh Bank buys Islami Bank’s land for Tk 110 crore

The Bangladesh Bank has bought 72.8 decimals of land from Islami Bank Bangladesh Ltd (IBBL) in the capital for Tk 110 crore.
16 March 2023, 16:19 PM

Banks open 9:30am to 4pm in Ramadan

Banks in Bangladesh will remain open from 9:30am to 4:00pm on every working day during Ramadan, which may begin next week based on the sighting of the moon. 
15 March 2023, 14:16 PM

UCB Asset to launch stable income open-ended fund

The fund offers several unique features designed to benefit retail savers
12 March 2023, 15:09 PM

‘Board of directors, CEOs play significant roles in banks’

BB Governor Abdur Rouf Talukder says at the 21st Nurul Matin Memorial Lecture on Ethics in Banking
11 March 2023, 16:02 PM

Forex reserves fall to $31.15 billion

Bangladesh Bank cleared $1.05 billion ACU payment on March 6
9 March 2023, 15:10 PM

Brac Bank to recruit 500 female sales officials to serve women entrepreneurs

Brac Bank has set this unique example on the eve of International Women's Day by appointing an all-women sales team.
8 March 2023, 11:45 AM

Sick industries to get loans at banks’ cost of fund

Sick industries have to apply to respective banks by June 30 to get the benefit
6 March 2023, 16:15 PM

Banks get nod to complete procedures to add PLC suffix

A PLC is a public company and is the equivalent of a US publicly traded company that carries the Inc. or corporation designation
22 February 2023, 10:56 AM

Default loans rises nearly 17%

Habitual defaulters' reluctance to repay the funds fuelled the amount to reach Tk 120,656 crore
19 February 2023, 11:29 AM

President-elect Shahabuddin resigns from Islami Bank’s board

Shahabuddin was made IBBL director in June 2017 after the change of ownership of the bank
13 February 2023, 15:00 PM

Deutsche Bank opens representative office in Dhaka

The leading global bank joins over 70 other German companies already present in Bangladesh
9 February 2023, 12:50 PM

Banking diploma made mandatory for bankers' promotion

Bangladesh Bank has made securing the banking diploma mandatory for bankers to get promoted to senior officers and above
8 February 2023, 11:45 AM

New window to be introduced for Islamic banks’ liquidity support

The Bangladesh Bank will introduce another tool to provide liquidity support to the cash-strapped shariah-based banks in order to cushion their ailing financial health.
5 February 2023, 15:53 PM

Service exporters to get forex retention quota facility

The central bank has instructed banks to provide exporters' retention quota (ERQ) account services to service exporters to help them carry out international transactions.
5 February 2023, 10:26 AM

Standard Bank gets new MD

Standard Bank has recently appointed a new managing director (MD) and chief executive officer. 
4 February 2023, 18:00 PM