The Bangladeshi taka today faced a steep devaluation against the US dollar as the soaring import payments have created an acute shortage of the greenback in the banking sector.

The Bangladesh Bank today barred the chairman of any non-bank financial institution (NBFI) along with the heads of executive, audit and risk management committees from holding any post of its subsidiary or foundation.

Bangladesh Bank announced today that it has not cancelled any banknote.

The non-bank financial institutions would be able to use real-time gross settlement (RTGS) system—a platform that helps lenders transfer fund on a real-time basis—from June 1, according to a Bangladesh Bank notice.

Rupali Bank, the only listed state-run lender, is lacking in its capital adequacy ratio, according to the bank’s audit report for 2021.

Mobile financial service (MFS) providing companies are spending big in the form of cashbacks on purchases made during the ongoing Eid sales season as they are fighting a costly battle for digital payment supremacy in the country.

People now can make unlimited number of transaction a daily through internet banking, as the Bangladesh Bank today withdrew the ceiling on such transaction.

The Bangladesh Bank todays asked banks to provide online and internet-based banking services to clients round the clock during the upcoming Eid holidays.

The Bangladesh Bank today asked banks to keep their doors open and run operations on a limited scale on April 30, a public holiday, in order to settle the increased number of financial transactions ahead of Eid-ul-Fitr.

The Bangladesh Bank today asked banks to enhance the volume of working capital as financial capacity of many businesses are on the wane due to the global price rise of various goods.

Bangladesh Bank yesterday revised its policy for post-import financing (PIF) to ease the process for importers to get finance smoothly.

The Bangladesh Bank today revised its policy for post import financing (PIF) in order to give clarification to banks as importers have faced complexities to get fund properly.

Telecom operator Banglalink today signed an agreement with 17 banks in the country to secure a five-year syndicated term loan of Tk 1,200 crore.

Digital transactions in the country are set to get a boost as Bangladesh Bank has allowed customers to make an unlimited number of transactions through mobile financial services (MFSs).

The Bangladesh Bank yesterday asked banks to take insurance coverage against their financing to exporters in a bid to minimise default risk of loans.

The Bangladesh Bank today asked banks to monitor agent banking programme closely by appointing dedicated officials in order to ensure transparency of the operation.

Digital payments can boost Bangladesh’s gross domestic product by 1.7 per cent a year, an addition of $6.2 billion annually to the economy, according to a new report.

The Bangladesh Bank has barred wilful defaulters from enjoying loan waiver facility from banks.

United Commercial Bank (UCB) has decided to form subsidiaries of the bank in Qatar and UAE to operate money services businesses, albeit all subject to the approval of the regulatory authorities.

The Bangladesh Bank today asked banks to track shipments of exported goods to stop trade-based money laundering.