Bangladesh Bank today drew up a detailed policy guideline on post import financing (PIF), a first of its kind in the country’s banking sector.

The central bank today lowered charges on the deposits and loans, bringing an end to the excessive fees and commissions levied by many banks on customers.

Bangladesh Bank today asked banks to disburse among women at least 25 per cent of the Tk 3,000 crore stimulus fund, which is dedicated to farmers, underprivileged women, professionals and micro enterprises.

Uttara Bank recently witnessed the appointment of a new vice chairman of its Board of Directors.

Bangladesh Bank has instructed banks to keep their doors open for customers from 10:00am to 3:00pm until June 16.

Eleven banks faced a capital shortfall of Tk 24,783 crore in the first quarter of 2021, which highlighted the fragile health of the lenders.

City Bank has been named “Best bank in Bangladesh 2021” by Hong Kong-based international publication FinanceAsia recently.

Pubali Bank recently witnessed the unanimous reelection of the chairman of its Board of Directors.

Standard Chartered Saadiq Bangladesh has won a “Best Islamic Bank for Digital CX (customer experience) - Bangladesh Award (DCX 2021)” from Digital Banker.

Mercantile Bank Ltd (MBL) has taken a set of initiatives to widen its businesses by way of strengthening its different digital platforms, sidestepping the ongoing business slowdown caused by the coronavirus pandemic.

The central bank yesterday instructed banks to reschedule defaulted loans in the farm sector without any down payment as part of its efforts to protect farmers from the ongoing economic hardship deriving from the coronavirus pandemic.

Nine banks faced net losses in the first quarter of this year as the majority of them have been in the red for years due to wide-ranging financial scams.

Mercantile Bank recently witnessed a senior executive vice president being promoted to the post of deputy managing director.

Bangladesh Bank yesterday extended the banking hour by half an hour and decided to keep banks open from 10am to 3pm until June 6.

The Bangladesh Securities and Exchange Commission (BSEC) has decided to restructure the board of directors of Fareast Stocks and Bonds due to the brokerage firm’s failure to maintain rules and regulations.

Bangladesh Bank today extended the banking hour by half an hour and decided to keep banks open from 10am to 3pm from tomorrow until June 6.

Bangladesh Bank today asked banks to keep their branches open in areas where lockdowns have been imposed amid a surge in Covid-19 infections, after having discussion with respective metropolitan and district administrations.

The central bank yesterday extended banking hours in line with the easing of coronavirus-linked lockdown rules, giving more time to customers to carry out financial transactions.

Three private banks posted higher earnings for the January-March quarter compared to the same period a year ago with NRB Commercial Bank registering the highest growth in profits.

Banks are aggressively installing cash recycling machines (CRMs) to provide faster deposit and cash withdrawal services to clients, a move that is helping customers cut reliance on branches and giving them more freedom to carry out banking.