BRAC Bank’s profit surged 69% on strong investment, fee income
BRAC Bank Ltd reported a remarkable 69% year-on-year profit increase in Q3 2024, reaching Tk 419.62 crore. The growth was driven by higher investment income […]
Category: BANKING
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Banks to remain closed nationwide tomorrow for Durga Puja
Bangladesh Bank has announced nationwide bank closures tomorrow for Durga Puja, following a government holiday declaration. The notice, issued through the Department of Offsite Supervision, […]
Forex reserves now $19.38bn after ACU payment
Bangladesh’s foreign exchange reserves dropped from $20.8 billion on September 8 to $19.38 billion on September 18, primarily due to a $1.37 billion payment to […]
World Bank and ADB to provide $2.5 billion to reform banks and financial sector
The World Bank and Asian Development Bank have agreed to provide $2.5 billion in loans to Bangladesh for banking and financial sector reforms. The World […]
BB wins global award for financial inclusion among youths
The Bangladesh Bank has won the “AFI Global Youth Financial Inclusion Award 2024” for its efforts to increase financial inclusion among youths. The award was […]
Bangladesh Bank deposits record Tk 15,100 crore to treasury from FY 2023-24 net profit
Bangladesh Bank reported record profits for fiscal year 2023-24, with total profits reaching Tk 40,000 crore and net profits of Tk 15,100 crore. The increase […]
National Bank gets Mintoo as chairman
National Bank Ltd (NBL) elected Abdul Awal Mintoo as chairman and Moazzam Hossain as vice-chairman, forming a new board two days after Bangladesh Bank dissolved […]
BB to dissolve Islami Bank board, take over shares of S Alam Group
Bangladesh Bank (BB) will dissolve the board of Islami Bank within a couple of days and form a new board, according to BB Governor Ahsan […]
Six banks still in shortfall despite BB support
Six Bangladeshi banks, including four Shariah-based ones, are facing significant current account deficits totaling Tk 14,621 crore despite receiving special liquidity support from the central […]
BB officials demand full autonomy of the central bank
Bangladesh’s top mobile operators, Grameenphone and Robi, have each secured 20 MHz of spectrum in the 2.6 GHz band for Tk 1,160 crore under a […]
Loans from Janata, NBL: S Alam, Nassa got Tk 2,544cr waiver in breach of rules
S Alam Group and Nassa Group, led by individuals close to former PM Sheikh Hasina, received interest waivers totaling Tk 2,544 crore from National Bank […]
5 more banks controlled by S Alam under threat
S Alam Group’s control over six banks, including Islami Bank, has put them at risk due to alleged money laundering and loan irregularities. These banks […]
Banks asked to freeze accounts of Asaduzzaman Khan Kamal, family members
The Bangladesh Financial Intelligence Unit (BFIU) has ordered banks to freeze accounts of former home minister Asaduzzaman Khan Kamal and his family members. This action […]
Salehuddin vows action against Islami Bank shooting suspects
Finance Adviser Dr Salehuddin Ahmed promised strict action against those involved in a shooting at Islami Bank. Five people were injured when a clash erupted […]
Cash withdrawals restricted to 2L per account this week
The Bangladesh Bank has instructed commercial banks, to limit cash withdrawals to a maximum of Tk2 lakh per customer this week.This decision was communicated to […]
People face cash crunch as most ATMs run dry
Bangladesh is facing a severe cash crisis following political unrest. After PM Sheikh Hasina’s resignation on August 5 amid student protests, widespread looting ensued. Police […]
Islami Bank rejects cheque seeking to withdraw Tk 548cr
Islami Bank Bangladesh rejected two large withdrawal attempts: Tk 548 crore by Top Ten Trading Company and Tk 325 crore by a company linked to […]
Bangladesh Bank now fully open to journalists: BB deputy governor
Bangladesh Bank has lifted restrictions on journalists’ access to its headquarters, as announced by Deputy Governor Kazi Sayedur Rahman during a meeting with the Economic […]
Banks to remain closed for three days from tomorrow
The Bangladesh government has declared a three-day general holiday (August 5-7) following violent incidents during student protests. Banks and stock markets will remain closed. Many […]
Bank hours 10am to 6pm from today
Starting Wednesday, all banks in Bangladesh will resume their normal operating hours of 10:00 am to 6:00 pm, as per a circular issued by Bangladesh […]
BRAC Bank launches VISA platinum Flexi Card
BRAC Bank has introduced the “VISA Platinum Flexi Credit Card” targeting young professionals. The card offers lifestyle, travel, hotel, and dining benefits at a competitive […]
Banks reopen after Eid with new office timing
From today, banks in Bangladesh will remain open from 10:00am to 6:00pm, with transaction hours ending at 4:00pm. However, banking activities are yet to gain full momentum as clients and bankers are still in a festive mood following Eid celebrations, according to bankers. They expect banking operations to run in full swing from next week. Prior to Eid, banks were open from 10:00am to 5:00pm, with transaction hours until 3:30pm. Daily Star
Reserve Bank of India imposes ₹96.4 lakh fine on Bangladesh’s Sonali Bank for non-compliance issues
The Reserve Bank of India (RBI) has imposed a fine of ₹96.4 lakh on Bangladesh’s state-owned Sonali Bank PLC for non-compliance with certain norms, including the Know Your Customer (KYC) Directions, 2016. The RBI also fined the Central Bank of India ₹1.45 crore for irregularities in loan sanctioning and handling unauthorized electronic transactions. Hindustan Times
Mutual Trust Bank signs deal with D Money Bangladesh
Mutual Trust Bank PLC (MTB) launched a new partnership with D Money Bangladesh Ltd for a range of digital services. The inauguration ceremony was held at MTB Centre in Gulshan, Dhaka, attended by top officials from both organizations, including MTB Managing Director and CEO Syed Mahbubur Rahman and D Money Bangladesh Managing Director and CEO Mohammad Arif Hossain. PHOTO MTB
Prime Bank, Evercare Hospital sign deal on healthcare services
Prime Bank and Evercare Hospital Dhaka have signed an agreement where the hospital will offer special healthcare packages to the bank’s priority banking customers. The deal was signed by Md Nazeem A Choudhury, Deputy Managing Director of Prime Bank, and Vinay Kaul, Chief Marketing Officer of Evercare Hospital, at the bank’s corporate office in Dhaka. Photo: Prime Bank
Standard Bank celebrates 25th founding anniversary
Standard Bank has stepped into its 26th year of operations after completing 25 glorious years in Bangladesh’s banking sector. Kazi Akram Uddin Ahmed, the bank’s chairman, inaugurated the celebration at the head office in Dhaka. He urged all members of the bank to follow Shariah law and contribute to its development and prosperity. The event was attended by the bank’s top officials, including the acting managing director and CEO, vice-chairman, directors, and independent directors. Photo: Standard Bank.