Open banking, which allows sharing data among banks, financial institutions and fintech with customers’ consent, can further enable financial inclusion and easier access to financing for small and medium enterprises (SMEs), experts said yesterday. 

Open banking, which allows sharing data among banks, financial institutions and fintech with customers’ consent, can further enable financial inclusion and easier access to financing for small and medium enterprises (SMEs), experts said today.

Prime Bank recently signed an agreement with Robi Axiata Ltd to offer its advanced digital services to end beneficiaries of the mobile network operator. 

The Covid-19 pandemic has set back the fight against poverty in Asia and the Pacific by at least two years, and many in the region will likely find it harder than before to escape poverty, according to a report from the Asian Development Bank (ADB). 

Bank Asia has signed an agreement with Women & e-Commerce (WE) to ensure necessary support for women entrepreneurs of cottage, micro, small and medium enterprises (CMSMEs) under “Neelima”, which is the lender’s special service platform for women entrepreneurs.

Bank Asia has organised a workshop on “Trust Fund Management in Payment and Settlement Services” at the Bank Asia Institute for Training and Development (BAITD) at Lalmatia in Dhaka recently. 

Meghna Bank Ltd and KDA School & College, an educational institute established by the Khulna Development Authority (KDA), signed a memorandum of understanding (MoU) at the KDA office in Khulna recently.

Standard Chartered Bangladesh was recently named “Market Leader” in Bangladesh for corporate social responsibility (CSR) in a survey key banking categories and markets by financial publication Euromoney.   

Mutual Trust Bank (MTB) and Paragon Group have recently signed an agreement over cash management services. 

Al-Arafah Islami Bank has donated 147 computers to International Islamic University Chattogram (IIUC) as a part of its corporate social responsibility for setting up a “Computer Vision and Intelligent System Laboratory”. 

Pubali Bank has donated an ambulance and signed a memorandum of understanding with Birdem General Hospital for employees to avail a 30 per cent discount on medical services from the hospital. 

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to furnish it with loan information of South Bangla Agriculture and Commerce Bank Chairman Abdul Kadir Molla.

Meghna Bank Limited and KDA School and College have signed a memorandum of understanding (MoU), under which the lender handed over computers to the school for establishing an ICT lab on its campus.

Sonali Bank Limited yesterday paid tribute to Bangabandhu Sheikh Mujibur Rahman and his family, who were martyred on August 15, 1975, and honoured the freedom fighters who served the bank.

Social Islami Bank Limited (SIBL) has launched a three-month special campaign, styled “Asset Development Campaign”, with the aim to create awareness about quality investment and timely repayment for the socio-economic development of the country.

Bangladesh Bank on Wednesday asked the managing directors of six banks to explain why they took advantage of the volatility in the foreign exchange market to make profits breaking banking norms.

The Bangladesh Bank yesterday sought explanations from managing directors of six private banks citing their alleged involvement in taking advantage of the volatility in the foreign exchange market to make a super profit.

No money changer can now charge over Tk 1.5 against each US dollar while buying and selling the greenback.

The Bangladesh Bank today ordered banks to set a spread between the buying and selling rate of the US dollar in order to restore stability in the foreign exchange market.

The government today appointed new managing directors (MDs) at three state-run banks – Sonail, Agrani and Rupali.