City Bank and bKash, the country's largest mobile financial services provider, yesterday joined hands to allow their customers to avail a number of services from each other's platforms, in what can be described as a first-of-its-kind partnership for the country's financial sector.

The Hongkong and Shanghai Banking Corporation Ltd in Bangladesh yesterday launched the eighth edition of the HSBC Export Excellence Awards to recognise the contribution of the country's exporters.

The Asian Development Bank is ready to lend $8.01 billion to Bangladesh over the next three years, almost the double the amount it had committed in the previous three years.

Bangladesh's money market has been volatile due to the deepening problems in the banking sector, analysts said yesterday.

Bangladesh Bank has continued its practice of injecting dollars into the market this fiscal year to cool down exchange rate volatility, with $62 million being pumped in just the first 17 days of the month.

Agent banking is becoming a major source of deposits for banks thanks to its reach to remote population who are being encouraged to park their funds with formal institutions, analysts said yesterday.

State Minister for Finance and Planning MA Mannan today said the gold in the Bangladesh Bank vaults is "alright".

A slight mistrust towards the country's banking sector has recently emerged in people's minds, which is an “ominous sign” for banks, said Bangladesh Bank Governor Fazle Kabir yesterday.

State-run banks saw a significant decline in the number of loss-making branches last year as Bangladesh Bank's plan to reinvigorate the institutions is at long last bearing fruit.

Farmers Bank is now under pressure to settle its overdue payments for import, with a number of foreign missions dangling the threat of blacklisting the troubled lender if it does not pay back immediately.

A slight mistrust has been created among the people over the country’s banking sector in recent time, which is an “ominous sign” for the banks, Bangladesh Bank Governor Fazle Kabir says.

Despite intense efforts to attract funds private banks are experiencing a slowdown in deposit growth due to a lack of confidence of depositors following a series of reports of loan scams.

The central bank yesterday gave the green light to the rollout of contactless credit cards, ushering in an exciting new era of payment system in Bangladesh.

Premier Bank has recently appointed Md Abdul Hai as its deputy managing director.

AKM Shahnawaj has recently been promoted as deputy managing director of Dhaka Bank.

Pubali Bank has recently appointed Muhammad Mijanur Rahman Joddar as an additional managing director.

Finance Minister AMA Muhith yesterday said it is difficult to bring down the lending rate of banks to single-digit overnight.

The practice of carrying cash is gradually declining in Bangladesh as people are getting to understand the financial benefits of digital payment systems like debit and credit cards, said experts and policymakers yesterday.

A high-powered business delegation from Singapore yesterday showed keen interest to invest in the banking and financial sector as it offers immense growth potential.

The heavyweight banking sector lost Tk 19,740 crore or 26.60 percent of its market capitalisation since the turn of the year in what can be viewed as a worrying development for the Dhaka Stock Exchange.