The Bangladesh Bank yesterday fined two more banks and warned four others for investing in the stock market breaching rules.

The government might allow Padma Bank to merge with a state bank as the beleaguered lender is desperately trying to avoid a complete collapse. 

Dhaka Bank Limited has recently signed an agreement with Asian Development Bank (ADB) to engage in the latter’s Trade and Supply Chain Finance Programme (TSCFP) as a confirming bank to expand its trade facilities.

Central bank digital currencies (CBDCs) can slash the time needed for cross border payments to seconds from days and cut costs, the Bank of International Settlements (BIS) said, citing a pilot scheme to test the digital forms of fiat currencies.

NRB Bank has incurred a loss of Tk 103 crore as it intentionally became involved in unethical trading practices in the stock market to favour gamblers, which weakened the financial health of the lender and put depositors’ money at risk.

Funds transacted through agent banking accounts rose 14.3 per cent year-on-year to Tk 32,523 crore in July as more and more people are joining the financial system using the new window, Bangladesh Bank data showed.

All banking services of Mercantile Bank Limited will remain suspended from October 1 to 5 due to the upgradation of the core banking software T-24, duly approved by Bangladesh Bank.

Standard Chartered Bangladesh yesterday launched a new type of credit card that offers discounts on the purchase of digital products and services, such as account payments for Netflix users or ordering food through Foodpanda.

The board of the South Bangla Agriculture & Commerce (SBAC) Bank Ltd yesterday elected Abdul Kadir Molla as its new chairman.

Bangladesh will have to pay $188.4 million to the New Development Bank (NDB) as paid-up capital for being a member of the new international lender.

Amzad Hossain, chairman of South Bangla Agriculture and Commerce (SBAC) Bank, brought out Tk 40 crore from the private commercial bank misusing his powers and through forgery, according to an investigation into the alleged scam.

Economic growth in the eurozone stumbled in September, a closely watched survey said Thursday, as supply chain bottlenecks, high prices and the spread of the coronavirus Delta variant hurt output.

Nagad yesterday said it unblocked all but eight accounts, including that of the chief executive officer of digital commerce company Sirajganj Shop, which were alleged to have been involved in a “scam”.

By this time, it is known to many that the government has reduced the interest rate on savings certificate and wage earners bond for investments above Tk 15 lakh.

Union Bank Limited has suspended three officials of its Gulshan branch over a liquidity shortage of Tk 19 crore in its vault.

US Bank announced an $8 billion deal on Tuesday to buy the US retail activities of Japan’s Mitsubishi UFJ Financial Group (MUFG).

The Hongkong and Shanghai Banking Corporation Limited (HSBC) and British Council virtually launched a new programme recently to provide English and IT lessons to 2,400 out-of-school girls in Bangladesh. 

State-owned Sonali Bank Limited secured top position among all government banks in implementing an annual performance agreement 2020-21 signed with the finance ministry’s Financial Institutions Division. 

The Asian Development Bank has launched a new country partnership strategy (CPS) for Bangladesh with a plan to accelerate lending in order to boost competitiveness, employment, green growth and social protection.

SM Amjad Hossain, chairman of South Bangla Agriculture and Commerce Bank, has expressed his intention to resign, citing illness.