Parliament yesterday passed the Bankers’ Book Evidence Bill 2021, defining digitally recorded documents used in the ordinary business of banks as legal evidence admissible in court.

Spending through credit cards maintained an upward trend in September as people kept flocking to online sites in the tourism and hospitality sector as the coronavirus crisis continues to wane.

Non-bank financial institutions have demanded postponement of the application of a Bangladesh Bank guideline that is seeking to restore credit discipline in the fragile sector.

Bank Asia Ltd celebrated its 22nd founding anniversary today.

Standard Chartered Bangladesh has arranged the country’s first-ever green bond for Pran Agro Ltd, a concern of Pran-RFL Group. 

The parliament today passed the Bankers’ Book Evidence Bill 2021, defining the digitally recorded documents as such evidence under the proposed law.

Bank Asia will focus on small and medium enterprises (SMEs) and retail banking in the coming days to widen its banking operation as part of its efforts to shine out the country’s financial inclusion.

Standard Chartered Bangladesh has launched “Digital Trade Counter”, where clients can submit trade transaction applications and related documents.

In an upsetting development, default loans in the banking sector in Bangladesh have surpassed Tk 1 lakh crore after more than one and a half years despite a relaxed loan classification policy adopted by the central bank.

Cross-border payments are inefficient, often slow, opaque and expensive. Worldwide businesses did $23.5 trillion cross-border transactions in 2020, which is equivalent to 25 per cent of global GDP.

Financially weak banks should consider mergers in a bid to reduce the pressure of default loans, according to Salman F Rahman, the prime minister’s adviser on private industry and investment.

Default loans in the Bangladesh’s banking sector has gone past Tk 1 lakh crore despite relaxed loan classification policy taken by the central bank.

Social Islami Bank Ltd has celebrated its 26th Anniversary today.

Masihul Huq Chowdhury has recently been reappointed as the managing director of Community Bank Bangladesh Ltd for the second consecutive term, which will be effective from December 1.

The wait for an interoperable digital transaction system is soon going to be over as the government is launching it early next year.

Progoti Systems Ltd was awarded with the payment service (PSP) provider licence by Bangladesh Bank today.

In an ominous sign, the central bank has flouted its own rules when it permitted Aviva Finance Ltd to open five more branches although the financial health of the non-bank financial institution has been in a bad shape.

The Bangladesh Bank has introduced an electronic dealing system for banks and non-bank financial institutions (NBFIs) such that they will lend and deposit on short-term basis with each other through a digital platform.

The share of AB Bank topped the gainers’ list today although there was no good news from the financial institution for the investors.

Shamima Nargis has joined as the chairman of the board of directors of state-owned Bangladesh Development Bank Limited (BDBL).