The Bangladesh Bank today said non-bank financial institutions would not be able to show their fixed deposit receipts (FDRs) as statutory liquidity ratio if they took loans against the funds.

Islami Bank Bangladesh Limited (IBBL) has launched Shari’ah based dual currency Mastercard Titanium, gold debit, world and gold credit and prepaid cards in Bangladesh.

The 9 per cent and 6 per cent interest rates fixed respectively for lending and deposits have helped banks in improving their health, Finance Minister AHM Mustafa Kamal said yesterday.

Default loans in Bangladesh surged in the first half of 2021 as borrowers struggle to pay back due to the business slowdown caused by the coronavirus pandemic.

Banks and non-bank financial institutions (NBFIs) should make their data available for clients so that they can verify the actual performance of every lender, analysts said yesterday.

The health of the bank has improved for raising the interest rates to 9 per cent and 6 per cent respectively for lending and deposits, Finance Minister AHM Mustafa Kamal said today.

Banks and non-bank financial institutions (NBFIs) should make their data available for clients such that they can verify the performance of every lender, analysts said today.

The Taliban took over Afghanistan with astonishing speed, but it appears unlikely that the militants will get quick access to most of the Afghan central bank’s roughly $10 billion in assets. 

Prime Bank has been named “Bangladesh Domestic Cash Management Bank of the Year 2021” by Singapore-based the Asian Banking & Finance Magazine. 

The central bank yesterday asked banks to raise their core capital ratio to 3.25 per cent in 2023 after they failed to put in place enough shareholders’ equity and reserves in line with international standards to absorb unexpected shocks.

The Bangladesh Bank yesterday asked non-bank financial institutions to release approved loans to bank accounts owned by genuine borrowers.

Bangladesh Bank yesterday declared a cash incentive on dedicated small and medium enterprise (SME) loan programmes for female entrepreneurs.

Standard Chartered has announced to launch the second phase of re-skilling and employment reintegration programme in partnership with UCEP for those who have lost their livelihoods due to the Covid-19 fallout.

Al-Arafah Islami Bank has recently witnessed the reelection of its risk management committee chairman. 

State-owned Probashi Kallyan Bank (PKB) today signed an agreement with NCC Bank for the disbursement of remittance sent by Bangladeshi expatriates to their beneficiaries in the country.

The Bangladesh Bank yesterday refused to revisit its instruction that asked banks to set a higher interest rate on fixed deposits than the inflation rate despite pleas from lenders.

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to submit account details of five persons, including actor Pori Moni and Helena Jahangir, a former member of the sub-committee on women affairs of Bangladesh Awami League.

South Bangla Agriculture and Commerce Bank (SBAC) debuted on the stock market today and the price of its sharew soared 10 per cent as most of the time there was no seller of the stock.

Al-Arafah Islami Bank (AIBL) has recently witnessed the election of a chairman and vice-chairman. 

Bangladesh’s trade deficit hit an all-time high of $22.27 billion last fiscal year due to a rise in commodity prices in the global market.