The Bangladesh Bank today instructed banks to impose at least 25 per cent margin on the opening of letter of credit for non-essential consumer items in a bid to curb the escalated import payments.

Banks had initially focused on using agent banking platforms to mobilise deposits from rural areas, for which lending took a back seat.

The government has printed new notes of Tk 10 to ensure an adequate supply of the notes in the market amid huge demand, Bangladesh Bank said in a notification today.

Bangladesh Bank today warned banks not to show any unrealised interest gained from the rescheduled loans as their income.

Eastern Bank Ltd (EBL) signed an agreement with Bangladesh Satellite Company to connect its ATM network to Bangabandhu Satellite-1.

Brac Bank organised a programme in Munshiganj town recently for raising awareness on the benefits of remittance inflow through banking channels alongside honouring the top 10 remittance beneficiaries of Munshiganj.

Large foreign banks operating in Bangladesh took a hit in 2021 as their profits plunged due to the impacts of the coronavirus pandemic and the lower interest rate regime.

Western Union in collaboration with Bank Asia Ltd and Social Islami Bank Ltd (SIBL) launched outbound remittance services for the first time in Bangladesh at an event at Westin Dhaka recently.

Banks in Bangladesh will remain open from 9.30am to 4pm in every working day in the month of Ramadan.

The Bangladesh Securities and Exchange Commission (BSEC) has requested several banks to inject fresh funds in the stocks for the sake of stock market development.

Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) in the country to refrain from spending to collect deposits from people and organisations.

Eight business entities and a government app were crowned at the 2nd HSBC Business Excellence Awards for their role in promoting Bangladesh and contributing to the sustainable growth of the economy during the challenging time brought on by the coronavirus pandemic.

Have you ever bought a national prize bond? If you have, then please match your bond numbers with the draw results again as you could be one of those lucky few who are yet to claim their prize despite winning the lottery.

Bangladesh Bank today asked non-bank financial institutions (NBFIs) to refrain from making extra spending to collect deposits from people and organisations.

Ten years past the advent of mobile financial services (MFS), over 11 crore account holders now conduct 2 crore transactions through it per day.

The Bangladesh Bank today asked banks to fulfil their lending target under the stimulus package dedicated to the cottage, micro, small and medium enterprises (CMSMEs) within the deadline this fiscal year.

Bangladesh’s current account deficit hit an all-time high of $10 billion in just the first seven months of the ongoing fiscal year due to the escalation of trade deficit and dwindling remittances.

BRAC Bank will host the 14th annual meeting of the Global Alliance for Banking on Values, a network of the most environmentally progressive and socially inclusive banks in the world.

Non-performing loans (NPLs) in the country’s banking sector increased 16.38 per cent year-on-year to Tk 103,274 crore in 2021 despite a relaxed loan classification policy taken by the Bangladesh Bank.

Remittances declined 16 per cent year-on-year to $1.49 billion in February, the lowest in the past 22 months, creating a further risk of widening the trade imbalance in the face of surging import bills.