The Bangladesh Bank today asked banks to enhance the volume of working capital as financial capacity of many businesses are on the wane due to the global price rise of various goods.

Bangladesh Bank yesterday revised its policy for post-import financing (PIF) to ease the process for importers to get finance smoothly.

The Bangladesh Bank today revised its policy for post import financing (PIF) in order to give clarification to banks as importers have faced complexities to get fund properly.

Telecom operator Banglalink today signed an agreement with 17 banks in the country to secure a five-year syndicated term loan of Tk 1,200 crore.

Digital transactions in the country are set to get a boost as Bangladesh Bank has allowed customers to make an unlimited number of transactions through mobile financial services (MFSs).

The Bangladesh Bank yesterday asked banks to take insurance coverage against their financing to exporters in a bid to minimise default risk of loans.

The Bangladesh Bank today asked banks to monitor agent banking programme closely by appointing dedicated officials in order to ensure transparency of the operation.

Digital payments can boost Bangladesh’s gross domestic product by 1.7 per cent a year, an addition of $6.2 billion annually to the economy, according to a new report.

The Bangladesh Bank has barred wilful defaulters from enjoying loan waiver facility from banks.

United Commercial Bank (UCB) has decided to form subsidiaries of the bank in Qatar and UAE to operate money services businesses, albeit all subject to the approval of the regulatory authorities.

The Bangladesh Bank today asked banks to track shipments of exported goods to stop trade-based money laundering.

Banks have been asked not to impose over 1 per cent interest on the exporters after disbursing fund from their own pocket and before being reimbursed from Bangladesh Bank’s export development fund (EDF).

The Bangladesh Bank today relaxed the rescheduling policy for short-term farm loans as it assumed that many farmers would be in dire straits in the coming days in the wake of increasing global prices of agricultural equipment.

The Bangladesh Bank yesterday imposed an interest rate cap on deposits and loans at non-bank financial institutions aligning with the ceiling now prevailing at banks although rates are rising globally to tame runaway inflation.   

The Bangladesh Bank today imposed interest rate cap on non-bank financial institutions (NBFIs), asking them to mobilise deposit by offering a maximum of 7 per cent interest and give out loans at 11 per cent.

Around 54 per cent of the garment workers in Bangladesh were paid through mobile financial services in February and the rest through cash, a research finds.

The World Bank will give $500 million loan to Bangladesh for reforms in the revenue and financial sector and upliftment of the living standards of the poor.

The Bangladesh Bank today said that the New York County Supreme Court has not given any judgement in a case filed against the three prime accused in connection with the 2016 reserves heist.

Al-Arafah Islami Bank, in collaboration with Mastercard, yesterday launched the first contactless Islami debit and prepaid cards in Bangladesh.

Bangladesh Bank yesterday drew up a classification and provisioning policy for a group of financial items of banks excluding loans and advances, terming it “other assets”, with a view to ensuring discipline in the banking sector.