Eight years ago, Midland Bank Ltd set out with a vision to become a bank for the masses riding on technology and reaching the unbanked in the hinterland.

Asian Development Bank (ADB) is providing a loan of $250 million to Bangladesh to help its finance reforms aimed at improving the inclusiveness and responsiveness of the country’s social development and resilience programmes.

Four years ago, there was a lot of buzz around cryptocurrencies, primarily due to the enormous success of bitcoin. The peak value of bitcoin was staggeringly high at that time—several times the per capita economic output of Bangladesh.

The ICT Division will likely commence an IT audit on banks next month to measure their capability to thwart cyberattacks as growing digitalisation and remote working arrangements have augmented the financial sector’s exposure to online crimes.

The central bank yesterday drew up a detailed guideline on post-import financing (PIF) to end the misuse of loans extended to pay for imported goods and bring discipline in the foreign exchange regime in the banking industry.

Standard Chartered and Channel i have jointly announced the launch of Standard Chartered - Channel i Agrow Award 2021.

Bangladesh Bank today drew up a detailed policy guideline on post import financing (PIF), a first of its kind in the country’s banking sector.

The central bank today lowered charges on the deposits and loans, bringing an end to the excessive fees and commissions levied by many banks on customers.

Bangladesh Bank today asked banks to disburse among women at least 25 per cent of the Tk 3,000 crore stimulus fund, which is dedicated to farmers, underprivileged women, professionals and micro enterprises.

Bangladesh Bank has instructed banks to keep their doors open for customers from 10:00am to 3:00pm until June 16.

Eleven banks faced a capital shortfall of Tk 24,783 crore in the first quarter of 2021, which highlighted the fragile health of the lenders.

Uttara Bank recently witnessed the appointment of a new vice chairman of its Board of Directors.

City Bank has been named “Best bank in Bangladesh 2021” by Hong Kong-based international publication FinanceAsia recently.

Pubali Bank recently witnessed the unanimous reelection of the chairman of its Board of Directors.

Standard Chartered Saadiq Bangladesh has won a “Best Islamic Bank for Digital CX (customer experience) - Bangladesh Award (DCX 2021)” from Digital Banker.

Mercantile Bank Ltd (MBL) has taken a set of initiatives to widen its businesses by way of strengthening its different digital platforms, sidestepping the ongoing business slowdown caused by the coronavirus pandemic.

The central bank yesterday instructed banks to reschedule defaulted loans in the farm sector without any down payment as part of its efforts to protect farmers from the ongoing economic hardship deriving from the coronavirus pandemic.

Nine banks faced net losses in the first quarter of this year as the majority of them have been in the red for years due to wide-ranging financial scams.

Mercantile Bank recently witnessed a senior executive vice president being promoted to the post of deputy managing director.

Bangladesh Bank yesterday extended the banking hour by half an hour and decided to keep banks open from 10am to 3pm until June 6.