The Bangladesh Bank faces a complex situation as it draws up its monetary policy statement for the current fiscal year in the wake of escalating excess liquidity and ongoing business slowdown.

Standard Chartered Bangladesh has recently been awarded with the ‘Best Bank in Covid-19 Initiatives’ and ‘Best CSR Bank’ in Bangladesh at the BT Banking Award 2021.

In an effort to curb frequent foreign trips, Bangladesh Bank yesterday asked managing directors of non-bank financial institutions (NBFIs) to take its prior approval.

The CEOs of every financial institution will now need to take prior approval from Bangladesh Bank (BB) for travelling abroad be it for official purposes or personal.

People will be able to do banking activities from 10am to 1:30pm from tomorrow after a five-day shutdown.

The European Central Bank inched closer to a  “digital euro” on Wednesday with the formal launch of a pilot project, but questions remain about potential pitfalls and benefits for eurozone citizens.

India’s move to ban Mastercard for breaching data storage rules has destabilized the country’s financial sector as it will disrupt bank card offerings and affect revenues, payments and banking industry executives said to Reuters. 

The government’s borrowing from the banking system declined sharply in the just-concluded fiscal year as it took on a staggering amount of debt through the sales of savings certificates and bonds.

Standard Chartered Bank Bangladesh has recently been recognised as the “Best International Bank” at Euromoney Awards for Excellence 2021. 

CDC Group, the development finance institution and impact investor of the United Kingdom, has extended a trade finance loan of $30 million to City Bank.

Loans written off by banks declined sharply in the first quarter of this year as the lenders’ capacity to keep 100 per cent provisioning against their delinquent assets has decreased because of the slowdown in their business.

Bangladesh can save $19.32 billion over the next five years, or about $4 billion annually, if it can eliminate errors and leakages in the social safety net programmes and cut administrative and transaction costs, according to Asian Development Bank.

Premier Bank recently witnessed the appointment of its new deputy managing director and chief business officer.

Bangladesh Bank yesterday said that clients would enjoy regular banking hours before the start of the Eid-ul-Azha vacation so that they can celebrate the religious festival with joy.

The Bangladesh Bank has today relaxed the loan rescheduling policy for rawhide traders so that they can manage funds from banks smoothly to purchase skin of sacrificial animals during Eid-ul-Azha.

Clients will enjoy regular banking hours before the start of the Eid holidays on July 20 to help people celebrate the religious festival with joy.

Bangladesh Securities and Exchange Commission (BSEC) today announced closure of the stock market for the next four days just hours after the Dhaka bourse ended the day's trading with a 100-point gain.

Bangladesh Bank today said banks will be remained closed in the next four days due to bank holidays, weekends and lockdown.

Bangladesh Bank today said that borrowers would be able to avoid default zone by repaying 20 per cent of their loan instalments till June.

Banks will remain open from 10am to 3.30pm during the upcoming countrywide lockdown starting from July 1.