Under the new rules, the authorised dealer banks may issue SME Cards

The new directive aims to simplify regulatory framework for outward remittances

The transfer will be made outside the trading system of the Dhaka Stock Exchange

Political influence major obstacle to good governance, he says

Bangladesh Bank has hiked the policy rate on 11 occasions since May 2022

The taka strengthened to 121.40 per US dollar on August 10 from 122.30 at the end of July

Bangladesh Bank has been maintaining a contractionary monetary policy stance for nearly two years to bring down inflation

Prime Bank PLC has signed an agreement with Fair Technology Limited, a business unit of Fair Group and the manufacturer and authorised distributor of Hyundai passenger vehicles in Bangladesh..Mamur Ahmed, senior executive vice-president and head of branch distribution at Prime Bank PLC, an

The Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB), two global multilateral development banks, will provide City Bank PLC $75 million in long-term financing for private sector projects with a strong focus on renewable energy and sustainable infrastructure..T

.Overdue loans given by banks to the farm sector rose further in July, signalling growing repayment stress and rising credit risk in the agricultural sector, according to a Bangladesh Bank (BB) report released this week...Unpaid loans almost doubled to Tk 23,806 crore at the en

Islami Bank Bangladesh PLC has published the results of its special competency assessment test for officials, according to a press release..Eighty-eight percent of candidates passed the examination, which was conducted by the Institute of Business Administration (IBA) at the University of

Donald Trump’s H-1B visa crackdown  will hasten US firms’ shift of critical work to India, turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development, economists and industry insiders say.

Eastern Bank PLC (EBL) has entered into a memorandum of understanding (MoU) with the Chattogram City Corporation (CCC) to enable the corporation’s transition to digital holding tax collection..Shahadat Hossain, mayor of the Chattogram City Corporation, and Ahmed Shaheen, additional managin

Trust Bank PLC has opened its new Gulshan North Branch at Doreen Tower in Gulshan-2, Dhaka on Monday, as part of its continued expansion to provide modern, technology-driven banking solutions..Equipped with modern facilities, the branch will serve both individual and corporate clients in o

Bangladesh Bank governor will speak on how much will be repatriated, he says

Prime Bank PLC has organised a daylong training programme on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) compliance in Jashore recently..A total of 131 participants, including all branch heads and branch anti-money laundering compliance officers (BAMLCOs) fro

Uttara Bank PLC has organised a programme, titled “Business Development Conference-2025”, at the Radisson Blu Water Garden Hotel in Dhaka recently..Azharul Islam, chairman of Uttara Bank PLC, inaugurated the programme as chief guest, according to a press release. .Md Abul Hashem, man

Community Bank Bangladesh PLC has signed a participatory agreement with Bangladesh Bank (BB) under the Financial Inclusion Credit Guarantee Scheme (FICGS)..Muhammad Nazmul Haque, director of the Credit Guarantee Department (CGD) of Bangladesh Bank, and Kimiwa Saddat, managing director (cur

Mutual Trust Bank PLC (MTB) has unveiled its 11th Annual Sustainability Report for 2024, prepared in line with the standards of the Global Reporting Initiative (GRI)..Released under the tagline “Our Sustainability Journey is defined by action,” the report highlights MTB’s efforts in green

Mastercard, in collaboration with Islami Bank Bangladesh PLC, yesterday launched a co-branded debit card for students and doctors of Rajshahi Medical College..Prof Kh Md Faisal Alam, principal of Rajshahi Medical College, attended the launch of the card, according to a press release..<p