The exporters have already welcomed the central bank's move to devaluate the local currency, which they have long been waiting for.

Dhaka Bank and VISA launched a co-branded debit card for WeGro Technologies’ farmers, for whom the Swiss Agency for Development and Cooperation (SDC) has been working for a long time.

The Bangladesh Bank has recently appointed Khalilur Rahman as the chairman of National Bank.

IFIC Bank recently signed a memorandum of understanding (MoU) with the Diabetic Association of Bangladesh (DAB) to address the challenges posed by chronic disease in Bangladesh.

EBL Connect, an online banking platform of Eastern Bank, recently won the “Outstanding Digital CX – Cash Management Platform 2024” award from The Digital Banker at the Digital CX Awards 2024 in Singapore.

Exim Bank has signed an agreement with Popular Life Insurance to start selling the latter’s life insurance policies through bancassurance.

Jamuna Bank opened a Chandina Branch in Cumilla, affirming its commitment to delivering efficient and modern banking services to the community.

IFIC Bank has signed a memorandum of understanding (MoU) with Swisscontact, an independent non-profit development organisation, in a bid to uplift entrepreneurs from char areas in the northern districts of Bangladesh.

PRI Executive Director Ahsan H Mansur says

IMF mission concluded its 15-day visit to Bangladesh today

 IFIC Bank PLC reported a 35 percent year-on-year fall in profit for the first quarter of 2024

The Bangladesh Bank today scrapped the SMART formula in order to make interest rates in the banking system fully market-based

Bangladesh Bank today introduced the crawling peg exchange rate system and allowed banks to buy and sell US dollars freely at around Tk 117. 

Bangladesh Bank today raised the policy rate by 50 basis points to 8.5 percent to bring down the runaway inflation

Shahjalal Islami Bank (SIBL) reported a 28 percent year-on-year increase in profit in the January-March quarter

Shahjalal Islami Bank recently signed a memorandum of understanding (MoU) with the Islamic Corporation for the Development of the Private Sector (ICD), a member institution of the Islamic Development Bank (IsDB) Group.

Eastern Bank recently signed an agreement with Lavender Convenience Store on payroll banking.

302 industries will make the investments

The crawling peg system for the taka is a delayed and, perhaps, inadequate response to the bleeding of forex reserves. Some economists suggest the central bank should go beyond this formula and open the exchange rate to market forces to stop the continuous erosion of reserves. Either way, exporters and remitters will celebrate more flexibility in the exchange rate.

National Bank went from a financially stable bank to a bank marred in irregularities