Banks asked to make fresh investment in stock market

The Bangladesh Securities and Exchange Commission (BSEC) has requested several banks to inject fresh funds in the stocks for the sake of stock market development.
23 March 2022, 14:47 PM

NBFIs asked to stop spending on deposit collection

Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) in the country to refrain from spending to collect deposits from people and organisations.
13 March 2022, 18:00 PM

HSBC honours businesses

Eight business entities and a government app were crowned at the 2nd HSBC Business Excellence Awards for their role in promoting Bangladesh and contributing to the sustainable growth of the economy during the challenging time brought on by the coronavirus pandemic.
13 March 2022, 18:00 PM

Prize Bonds: Tk 35 crore winnings remain unclaimed

Have you ever bought a national prize bond? If you have, then please match your bond numbers with the draw results again as you could be one of those lucky few who are yet to claim their prize despite winning the lottery.
13 March 2022, 18:00 PM

NBFIs asked to refrain from spending for deposit collection

Bangladesh Bank today asked non-bank financial institutions (NBFIs) to refrain from making extra spending to collect deposits from people and organisations.
13 March 2022, 14:37 PM

MFS a revolution for remote regions

Ten years past the advent of mobile financial services (MFS), over 11 crore account holders now conduct 2 crore transactions through it per day.
12 March 2022, 18:00 PM

Banks asked to disburse CMSME stimulus within deadline

The Bangladesh Bank today asked banks to fulfil their lending target under the stimulus package dedicated to the cottage, micro, small and medium enterprises (CMSMEs) within the deadline this fiscal year.
10 March 2022, 15:16 PM

Current account deficit hits all-time high

Bangladesh’s current account deficit hit an all-time high of $10 billion in just the first seven months of the ongoing fiscal year due to the escalation of trade deficit and dwindling remittances.
8 March 2022, 18:00 PM

BRAC Bank hosts annual summit on values-based banking movement

BRAC Bank will host the 14th annual meeting of the Global Alliance for Banking on Values, a network of the most environmentally progressive and socially inclusive banks in the world.
5 March 2022, 11:05 AM

Banks’ non-performing loans see 16% rise

Non-performing loans (NPLs) in the country’s banking sector increased 16.38 per cent year-on-year to Tk 103,274 crore in 2021 despite a relaxed loan classification policy taken by the Bangladesh Bank.
2 March 2022, 11:19 AM

Remittances hit 22-month low

Remittances declined 16 per cent year-on-year to $1.49 billion in February, the lowest in the past 22 months, creating a further risk of widening the trade imbalance in the face of surging import bills.
1 March 2022, 18:00 PM

Banks asked to draw up plan to shun financial shock

The Bangladesh Bank today asked banks to draw up a recovery plan so that they can take a time-befitting move to resolve any downside risk emanating from default loans, liquidity crisis and some other factors.
24 February 2022, 14:50 PM

IsDB to provide $56m for sanitation project

The Islamic Development Bank (IsDB) is set to provide $56 million to Bangladesh for an inclusive sanitation and hygiene programme.
20 February 2022, 15:49 PM

BB relaxes policy for NBFI defaulters

Bangladesh Bank yesterday gave a remedy to the defaulters of non-bank financial institutions (NBFIs), saying the borrowers could get a waiver of 50 per cent on their interest amount if they repay loans within a year.
15 February 2022, 18:00 PM

No charge on credit cards before activation: BB

From now on, no charges or fees can be imposed on customers before the activation of credit cards, Bangladesh Bank said in a notice yesterday.
15 February 2022, 18:00 PM

Bangladesh Bank relaxes policy for NBFI defaulters

Bangladesh Bank today gave a remedy to the defaulters of non-bank financial institutions (NBFIs), saying the borrowers could get a waiver of 50 per cent on their interest amount if they repay loans within a year.
15 February 2022, 15:15 PM

BB fixes capital market investment instruments for NBFIs

Bangladesh Bank today fixed the instruments which will be considered as stock market investment for non-bank financial institutions.
15 February 2022, 14:48 PM

No charge on credit card before activation: Bangladesh Bank

From now on, no charges or fees can be imposed on the customers before the activation of the credit cards, Bangladesh Bank said in a notice today.
15 February 2022, 13:24 PM

IFIC Bank to sell its stake in Nepali bank for Tk 439cr

IFIC Bank is set to sell its entire holding of Nepal Bangladesh Bank Ltd (NBBL) to a Nepalese national for Tk 439 crore.
14 February 2022, 18:00 PM

IFIC Bank to sell its stake of Nepal Bangladesh Bank at Tk 439 crore

IFIC Bank is set to sell its entire holding of Nepal Bangladesh Bank to a Nepalese national at Tk 439 crore.
14 February 2022, 11:44 AM