Banks closed on Sunday, Wednesday

Banks will remain closed on Sunday and Wednesday next week as part of the government attempts to rein in the soaring cases of coronavirus, the central bank said yesterday.
28 July 2021, 18:00 PM

New MFS hits market

A new mobile financial service (MFS) provider, Trust Axiata Pay, launched business operations yesterday aiming to promote cashless transactions.
28 July 2021, 18:00 PM

Stimulus for large industries - Give priority to new clients: BB

Bangladesh Bank yesterday asked banks to prioritise new clients while giving out loans from the stimulus package dedicated to the large service and industrial units.
28 July 2021, 18:00 PM

NRBC EPS doubles in 2nd quarter

NRB Commercial Bank (NRBC) has had its earnings per share (EPS) grow 126 per cent year-on-year to Tk 1.11 in 2021’s second quarter. 
28 July 2021, 18:00 PM

Deutsche Bank optimistic on revenues

Deutsche Bank on Wednesday beat expectations with a surge in second-quarter profits after outperforming rivals in fixed income trading and raised its revenue outlook for next year. 
28 July 2021, 18:00 PM

tap -- new mobile financial service provider starts operation

Trust Axiata Pay or tap, a new mobile financial service (MFS) provider, today launched its business operation with an aim to promote cashless transaction.
28 July 2021, 14:55 PM

New clients to get priority for stimulus funds: Bangladesh Bank

Bangladesh Bank today asked banks to give priority to new clients while giving out loans from the stimulus package dedicated to the large service and industrial units.
28 July 2021, 13:43 PM

BFIU asks banks to provide account details of Sayeed Khokon

Bangladesh Financial Intelligence Unit today asked banks to provide detailed information of accounts and transactions of Sayeed Khokon, former mayor of Dhaka South City Corporation.
28 July 2021, 12:27 PM

Banks to remain closed on Aug 1, 4

Bangladesh Bank has decided to keep banks closed on August 1 and August 4 as Covid-19 infections have increased.
28 July 2021, 10:53 AM

City Bank avails IFC risk coverage for LCs

City Bank has recently signed an agreement with International Finance Corporation (IFC) to participate in a Global Trade Finance Program (GTFP) as a confirming bank.
27 July 2021, 18:00 PM

Standard Chartered ‘Best Bank in Covid-19 Initiatives’

Standard Chartered Bangladesh has recently been recognised as the “Best Bank in Covid-19 Initiatives” and “Best CSR Bank in Bangladesh” at BT Banking Award 2021. 
27 July 2021, 18:00 PM

New CEO at Commercial Bank of Ceylon

The Commercial Bank of Ceylon has recently witnessed the appointment of a new chief executive officer for its Bangladesh operations. 
27 July 2021, 18:00 PM

Confusion builds up over cryptocurrencies

The Bangladesh Bank has said holding or trading cryptocurrencies cannot be considered a crime although virtual coins are illegal under the laws of the country.
27 July 2021, 18:00 PM

BB in a fix with next monetary policy

The Bangladesh Bank faces a complex situation as it draws up its monetary policy statement for the current fiscal year in the wake of escalating excess liquidity and ongoing business slowdown.
27 July 2021, 18:00 PM

Standard Chartered Bangladesh wins ‘Best Bank in Covid-19 Initiatives’ and ‘Best CSR Bank’ awards

Standard Chartered Bangladesh has recently been awarded with the ‘Best Bank in Covid-19 Initiatives’ and ‘Best CSR Bank’ in Bangladesh at the BT Banking Award 2021.
27 July 2021, 14:44 PM

Now non-banks’ MDs need BB nod for foreign trips

In an effort to curb frequent foreign trips, Bangladesh Bank yesterday asked managing directors of non-bank financial institutions (NBFIs) to take its prior approval.
26 July 2021, 18:00 PM

CEOs of financial institutions must take prior approval from Bangladesh Bank to travel abroad

The CEOs of every financial institution will now need to take prior approval from Bangladesh Bank (BB) for travelling abroad be it for official purposes or personal.
26 July 2021, 14:49 PM

Banking hour 10am-1:30pm from tomorrow

People will be able to do banking activities from 10am to 1:30pm from tomorrow after a five-day shutdown.
24 July 2021, 11:34 AM

Govt’s bank borrowing plunges

The government’s borrowing from the banking system declined sharply in the just-concluded fiscal year as it took on a staggering amount of debt through the sales of savings certificates and bonds.
15 July 2021, 18:00 PM

ECB inches closer to digital euro

The European Central Bank inched closer to a  “digital euro” on Wednesday with the formal launch of a pilot project, but questions remain about potential pitfalls and benefits for eurozone citizens.
15 July 2021, 18:00 PM