Iqbal Hossain Shaon works at a multinational company in Dhaka. He has to go out of the capital frequently for official purposes.

Bangladesh Bank yesterday decided to keep banks closed on August 8 to contain the latest wave of the coronavirus pandemic.

The Bangladesh Bank yesterday decided to mop up excess liquidity as it is hurting banks, savers and small borrowers and threatening to create instability in the economy through asset bubbles.

Brac Bank has recently been named for a Best Cash Management Bank Award 2021. 

Any banker with 10 years of work experience can now be appointed or promoted as chief financial officer (CFO) at any bank or financial institution.

The Bangladesh Bank today took a decision to mop up excess liquidity by way of allowing banks to invest their idle fund at an instrument namely “Bangladesh Bank Bill”.

The Bangladesh Bank today decided to keep banks closed on August 8 to contain the latest wave of the coronavirus pandemic.

A total of nine private banks have joined Brac to provide cash support and healthcare services across Bangladesh during the pandemic’s new wave. 

Mutual Trust Bank (MTB) has recently been recognised at an Asian Banking and Finance Awards 2021 for contributions in “Core Banking System Initiative of the Year–Bangladesh” and “Banking for Women Initiative of the Year–Bangladesh”. 

The cost of funds for women entrepreneurs has declined as the Bangladesh Bank yesterday said they would be able to borrow at a 5 per cent interest rate under one of its refinance schemes.

Bangladesh is on the cusp of an industrial revolution as incomes rise and technology plays an ever-increasing role in the economy, according to HSBC.

With the financial sector being weighed down by huge excess liquidity, banks have cut the interest rates on deposits at a faster pace than on loans, penalising savers and, to some extent, small borrowers.

Nine private banks have partnered with BRAC in its campaign to strengthen its public awareness and emergency support across the country amid the fresh wave of the Covid-19 pandemic.

The Centre for Policy Dialogue (CPD) today prescribed the Bangladesh Bank to increase the rate of cash reserve ratio to mop up the excess liquidity.

Bangladesh Bank has asked banks to send details of clients who got loans from the government’s stimulus package in order to ensure probe whether the low-cost funds went to productive sectors.

HSBC on Monday said it would resume paying dividends to shareholders after first-half profits more than doubled as an ongoing restructuring and pivot to Asia continues to pay off.

IPDC Finance witnessed around 30 per cent growth in profits in the first half of 2021 despite the second wave of Covid-19 infections sweeping across Bangladesh.

Remittance flow to Bangladesh fell to a five-month low of $1.87 billion in July because of the post-Eid effects and fewer working days for banks.

Development spending in Bangladesh rebounded in the last fiscal year although the implementation rate was still one of the lowest in three decades because of the disruption caused by the coronavirus pandemic and structural weaknesses.

Brac Bank has initiated a special CSR programme to stand by the families affected with Covid-19 on August 1.