Remittance inflow declined 8 per cent year-on-year in August to $1.8 billion, the lowest in the past six months, as money transfers through informal channels such as “hundi ‘’ have increased, according to various experts.

Mastercard, payment gateway SSLCOMMERZ and Mutual Trust Bank have launched a quick response (QR) acquiring platform enabling use of “Bangla QR”. 

NRB Bank has recently witnessed the reelection of two vice-chairmen at a board of directors’ meeting. 

Padma Bank, the erstwhile Farmers Bank, in a letter to the finance ministry recently has sought to be merged with any state bank that fits the bill, in what seems to be a desperate effort to avoid further deterioration of its financial health.

Moody’s Investors Service has assigned a Ba3 rating to Brac Bank amidst the ongoing Covid-19 pandemic.  Obligations rated Ba are judged to have speculative elements and are subject to substantial credit risk, according to Moody’s.

Bangladesh Bank has lent $100 million more to Sri Lanka to help the island nation stay afloat tackling a foreign exchange crisis.

The stock market regulator has approved Nagad’s zero coupon bond on condition that some regulatory requirements are fulfilled for raising Tk 510 crore in funds.

Bangladesh Bank has asked 10 banks to explain why they maintained a high interest rate spread for long depriving depositors.

Standard Chartered Saadiq Bangladesh has been recognised as “Islamic Bank of the Year” and “Best Islamic Retail Bank” at The Asset Triple A Islamic Finance Awards 2021 yesterday. 

Brac Bank has decided to raise Tk 600 crore by issuing a non-convertible bond with a view to providing home loans to the country’s lower and middle income groups.

Bangladesh Bank has further extended the period during which its relaxed loan classification policy would stay in effect, given the ongoing business slowdown brought on by the coronavirus pandemic.

HSBC Bangladesh has recently partnered with Bangladesh Economic Zones Authority (Beza) and Brac to grow mangrove plantations in Mirsarai. 

Building homes or buying other properties require a large amount of funds. But there are many people who can’t afford to pay the entire cost out of their pockets.

After buying a record amount of US dollars last year, Bangladesh Bank has begun selling the American greenback following a decline in remittance and an increase in imports.

The Bangladesh Bank (BB) yesterday said that the highest monthly transaction limit of Tk 2 lakh from person to person through mobile financial services (MFS) would remain unchanged.

The Taliban have appointed an acting head of Afghanistan’s central bank to help ease growing economic turmoil, more than a week after the Islamist movement seized the capital Kabul, a statement said on Monday.

When Alexander Graham Bell invented the telephone in 1876, little he did know his invention would be a tool to transform life, society and economy hundred years later.

Bengal Commercial Bank and Credit Rating Information & Services recently signed an agreement at the bank’s head office in Dhaka for the bank’s credit rating

Eastern Bank has recently signed an agreement with Asian Development Bank (ADB) under a trade finance programme.

Mercantile Bank Securities has recently witnessed the reelection of its chairman and vice-chairman at its 59th board meeting.