Banks and non-banks are increasingly introducing contactless credit cards in Bangladesh as the tap-and-pay technology allows users to make payments digitally and avoid close contact with the staff of stores during in-person purchases.

In a bid to bring about discipline in the rescheduling of loans by non-bank financial institutions (NBFIs), Bangladesh Bank has announced that these institutions cannot reschedule a loan more than three times.

Mastercard yesterday concluded its spend and win campaign “The Grand Escape” with a virtual award ceremony in Dhaka. 

Bangladesh Bank yesterday unveiled a fresh Tk 3,000 crore refinance scheme to provide low-cost loans to farmers with a view to supporting farm production amid the coronavirus pandemic.

Bangladesh’s top trade body yesterday urged banks to take actions against the wilful loan defaulters to bring down the amount of bad loans.

Business leaders today urged the commercial banks to ease the process to get loans from the government's stimulus package launched to help people recover the losses caused by the pandemic.

The South Bangla Agriculture and Commerce (SBAC) Bank has decided to establish two subsidiaries to venture into merchant banking and asset management.

Deposits at banks saw remarkable growth last fiscal year as the coronavirus-linked uncertainty compelled people to cut non-essential expenses and save more, while lending growth shrank slightly due to business slowdown.

Mastercard and Brac Bank yesterday launched a “Mastercard Tara World” credit card in Bangladesh. 

Nafees Khundker has recently been appointed director of Bank Asia Ltd.  He is also one of the sponsors of the bank, a press release said.

The South Bangla Agriculture and Commerce (SBAC) Bank has decided to launch two subsidiary companies to foray into merchant banking and asset management business.

Pubali Bank has reached a syndicated loan facility agreement worth $52 million with Bank Muscat.  The facility will help Pubali Bank provide liquidity services to local banks and local import and export businesses and strengthen the country’s economic growth, generating up to $200 million of additional trade every year, says a press release.

Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) in the country to not transport any materials through unlicenced courier service companies.

A number of customers of Nagad have alleged that they were facing troubles in carrying out transactions on their accounts as the mobile financial service provider has suspended them on suspicion of unusual transactions with e-commerce platforms.

The Bangladesh Bank has asked banks not to open any trust-cum settlement account (TCSAs) under the name of Nagad Ltd.

The stock market regulator today gave go-ahead to Union Bank to raise Tk 428 crore from the public, which will be the largest initial public offering (IPO) in the banking sector.

Padma Bank had signed a memorandum of understanding with a US based investment company under which the latter will manage a “potential fund” of $700 million as debt and equity capital for the Bangladeshi lender.

Nagad, the mobile financial service (MFS) wing of Bangladesh Post Office, has till date launched 599 service points, with at least one in every upazila of the country, to resolve problems faced by customers. 

IDLC Finance has launched a “digital savings scheme” through bKash accounts at its Gulshan corporate head office recently.

Bangladesh has finally become a member of the New Development Bank (NDB), which was launched in 2015 by Brazil, Russia, India, China and South Africa, collectively known as Brics, according to a statement of NDB.