The proposed Peoples Bank’s three-year efforts to roll out banking operations went in vain as it has failed to meet requirements needed to secure the final approval from the Bangladesh Bank.

Nagad has partnered with Dhaka Bank to enable the mobile financial service’s users to add money from their bank account round the clock through internet banking without incurring any fees.

Expatriate Bangladeshis will enjoy 2.5 per cent cash incentive if they remit five categories of service benefits in the form of remittance through formal channels, said the central bank yesterday.

For the first time in history, Bangladesh Bank yesterday fixed minimum salaries for entry level bank officials in a bid to encourage talented youths to choose banking as a career and play a role in the nation’s economic advancement.

bKash is offering 1 per cent extra cash bonus on top of the government’s 2.5 per cent incentive in order to encourage expatriates to transfer funds to their beneficiaries in Bangladesh through formal channels.

Dhaka Bank Ltd has arranged Tk 520 crore for Chandpur Power Generations Ltd (CPGL), a sister concern of Doreen Group.

Brac Bank now has 705 agent banking outlets across the country thanks to a rapid network expansion drive.

The global trend of loan availability at one’s fingertips is gaining grounds in Bangladesh, this time with Prime Bank preparing to launch PrimeAgrim app, an AI-based instant digital nano loan platform.

Mutual Trust Bank (MTB) recently witnessed the appointment of its new group chief financial officer (CFO).

Bangladesh Bank has fined National Bank Tk 55 lakh for concealing loan related information of 11 persons, which was a gross violation of banking rules.

Citi announced Tuesday it will exit its Mexican consumer banking business, the latest reorganization effort to steer the US financial heavyweight towards higher-return ventures.

The Bangladesh Bank has imposed a fine of Tk 21.50 lakh on Southeast Bank after it failed to bring down its excessive investment in a single stock within the regulatory limit.

Bangladesh Bank yesterday issued guidelines on how banks and non-bank financial institutions should use corporate social responsibility (CSR) funds, with focus on education, health and climate issues.

Bangladesh Bank has allowed Padma Bank, albeit under two conditions, to list its accumulated loss as “intangible loss” so that it does not show up in its balance sheet, thereby enabling it to attract foreign direct investment (FDI).

Hongkong and Shanghai Banking Corporation (HSBC) has recently launched ‘HSBC My Calendar App’ to celebrate its 25-year journey in Bangladesh.

Exim Bank has recently witnessed the promotion of two of its additional deputy managing directors to the posts of deputy managing directors.

The Bangladesh Bank yesterday rolled out a stimulus package of Tk 500 crore to support people who migrated back to their villages due to the ongoing economic hardship.

IFIC Bank is set to sell its more than 40 per cent stake in a Nepalese bank as it no longer sees its business in the Himalayan Kingdom viable.  

China’s central bank confirmed on Saturday that it will implement new schemes aimed at encouraging financial institutions to lend to small businesses under pressure due to the impact of Covid-19.

Banks clocked higher operating profit in 2021 mainly due to the Bangladesh Bank’s relaxed policy that allowed them to count income from unrealised instalments of loans.