India’s move to ban Mastercard for breaching data storage rules has destabilized the country’s financial sector as it will disrupt bank card offerings and affect revenues, payments and banking industry executives said to Reuters. 

Standard Chartered Bank Bangladesh has recently been recognised as the “Best International Bank” at Euromoney Awards for Excellence 2021. 

CDC Group, the development finance institution and impact investor of the United Kingdom, has extended a trade finance loan of $30 million to City Bank.

Loans written off by banks declined sharply in the first quarter of this year as the lenders’ capacity to keep 100 per cent provisioning against their delinquent assets has decreased because of the slowdown in their business.

Bangladesh can save $19.32 billion over the next five years, or about $4 billion annually, if it can eliminate errors and leakages in the social safety net programmes and cut administrative and transaction costs, according to Asian Development Bank.

Premier Bank recently witnessed the appointment of its new deputy managing director and chief business officer.

Bangladesh Bank yesterday said that clients would enjoy regular banking hours before the start of the Eid-ul-Azha vacation so that they can celebrate the religious festival with joy.

The Bangladesh Bank has today relaxed the loan rescheduling policy for rawhide traders so that they can manage funds from banks smoothly to purchase skin of sacrificial animals during Eid-ul-Azha.

Clients will enjoy regular banking hours before the start of the Eid holidays on July 20 to help people celebrate the religious festival with joy.

Bangladesh Securities and Exchange Commission (BSEC) today announced closure of the stock market for the next four days just hours after the Dhaka bourse ended the day's trading with a 100-point gain.

Bangladesh Bank today said banks will be remained closed in the next four days due to bank holidays, weekends and lockdown.

Bangladesh Bank today said that borrowers would be able to avoid default zone by repaying 20 per cent of their loan instalments till June.

Banks will remain open from 10am to 3.30pm during the upcoming countrywide lockdown starting from July 1.

The Credit Rating Agency of Bangladesh has upgraded the rating of Modhumoti Bank to “A1”, to be effective till June 30, 2022, based on its financial statements as of December 31, 2020. Last year it was “A2”, says a press release.

The Credit Rating Agency of Bangladesh (CRAB) has upgraded long term credit rating of Midland Bank to “A1” based on financial statements as of December 31, 2020, whereas it was “A2” last year.

Following suit of Brac Bank, Bank Asia and Dhaka Bank, local banking financial institution City Bank also cancelled card transactions with e-commerce platforms today.

E-commerce marketplace Evaly has welcomed the commerce ministry's today's decision of clearing payments to the local e-commerce companies once the goods are delivered to the buyers.

Dhaka Bank has joined the foray of cancelling card based transactions with 10 e-commerce platforms, including Evaly and Alesha Mart, according to text messages sent by the private bank to its clients today.

Bank Asia yesterday notify its customers that transactions through the banks cards with 10 e-commerce platforms will remain suspended for the time being.

Brac Bank has partnered with five new exchange companies to channel wage earners’ remittance through its countrywide network.