Bangladesh Bank yesterday said borrowers of non-bank financial institutions (NBFIs) would not become defaulters until December if they pay 50 per cent of their loans’ instalment.

Managements of the state-owned banks are in a state of discomfort after being informed about the Padma Bank’s wish to get merged with a state lender.

Remittance inflow declined 8 per cent year-on-year in August to $1.8 billion, the lowest in the past six months, as money transfers through informal channels such as “hundi ‘’ have increased, according to various experts.

The stock market regulator has dismissed the board of Fareast Islami Life Insurance to protect investors' interest.

Bangladesh Bank today said borrowers of non-bank financial institutions (NBFIs) would not become defaulters until December if they pay 50 per cent of their loans’ instalment.

NRB Bank has recently witnessed the reelection of two vice-chairmen at a board of directors’ meeting. 

Padma Bank, the erstwhile Farmers Bank, in a letter to the finance ministry recently has sought to be merged with any state bank that fits the bill, in what seems to be a desperate effort to avoid further deterioration of its financial health.

Padma Bank, erstwhile Farmers Bank, has sought to merge with the state bank in its desperate effort to avoid further deterioration of its financial health, a finance ministry official said.

Moody’s Investors Service has assigned a Ba3 rating to Brac Bank amidst the ongoing Covid-19 pandemic.  Obligations rated Ba are judged to have speculative elements and are subject to substantial credit risk, according to Moody’s.

Bangladesh Bank has lent $100 million more to Sri Lanka to help the island nation stay afloat tackling a foreign exchange crisis.

The stock market regulator has approved Nagad’s zero coupon bond on condition that some regulatory requirements are fulfilled for raising Tk 510 crore in funds.

Bangladesh Bank has asked 10 banks to explain why they maintained a high interest rate spread for long depriving depositors.

The Bangladesh Bank has further extended the relaxation of its loan classification policy given the ongoing business slowdown brought on by the coronavirus pandemic.

HSBC Bangladesh has recently partnered with Bangladesh Economic Zones Authority (Beza) and Brac to grow mangrove plantations in Mirsarai. 

Building homes or buying other properties require a large amount of funds. But there are many people who can’t afford to pay the entire cost out of their pockets.

After buying a record amount of US dollars last year, Bangladesh Bank has begun selling the American greenback following a decline in remittance and an increase in imports.

The Bangladesh Bank (BB) yesterday said that the highest monthly transaction limit of Tk 2 lakh from person to person through mobile financial services (MFS) would remain unchanged.

The Bangladesh Bank today said that the highest monthly transaction limit of Tk 2 lakh from person to person through mobile financial services (MFS) would remain unchanged.

Bengal Commercial Bank and Credit Rating Information & Services recently signed an agreement at the bank’s head office in Dhaka for the bank’s credit rating

Eastern Bank has recently signed an agreement with Asian Development Bank (ADB) under a trade finance programme.