The Bangladesh Bank yesterday eased rules to make more credit available for consumers to buy digital devices with a view to accelerating digitalisation and narrowing the digital divide.

Mercantile Bank has recently inaugurated an “Automated Challan System” enabling depositing VAT, tax, government fees and other payments in a fast and safe manner and reducing the possibility of fraud under the direct supervision of the Ministry of Finance and Bangladesh Bank. 

Dhaka Bank has recently reelected its chairman, Abdul Hai Sarker, who is also its founding chairman. 

The impact of the Covid-19 pandemic on banks is relatively exclusive considering other industry trends.

Banks clearing gold trades in London can apply for an exemption from tighter capital rules due in January 2022, a British regulator said on Friday, removing what some said was a threat to the functioning of the market.

Government officials, lawyers, engineers, owners of construction companies, private clinics and doctors mostly whitened their undisclosed wealth last fiscal year.

Bangladesh’s private sector credit growth decelerated to 7.55 per cent in May, the lowest in at least 28 years, due to the depressed demand for loans amid the Covid-19 pandemic.

The National Board of Revenue has directed banks to freeze bank accounts of former Bangladesh Bank deputy governor SK Sur Chowdhury and his spouse Suparna Sur Chowdhury on suspicion of tax evasion.

Mercantile Bank has recently witnessed the appointment of a new chairman to the executive committee of its board of directors.

Dhaka Bank Ltd has embraced technologies to make its retail and SME banking vibrant instead of relying on the corporate segment as it looks to drive the next phase of growth.

ONE Bank has recently witnessed the reelection of its chairman.

Banks in Bangladesh posted a hefty operating profit in the first half of 2021 despite the business slowdown caused by the coronavirus pandemic, data of 20 lenders showed.

Just a day after parliament passed the budget, Finance Minister AHM Mustafa Kamal yesterday sought an additional assistance from Asian Development Bank (ADB) as the government looks to use a record amount in foreign aid in fiscal 2021-22.

A capacity building training programme was launched yesterday to support women-owned small and medium enterprises (SMEs) do business with local and multinational corporations committed to expanding inclusive sourcing throughout their value chains. 

United Commercial Bank (UCB) yesterday announced completing 38 years of operations.

IPDC Finance in a statement yesterday announced that its revenue for 2021’s first quarter had grown 6.4 times that of the same period of 2016.

The parliament yesterday passed the finance bill for fiscal 2021-22 without addressing calls for reassessing some vital tax issues, including easing the burden on small incomes amidst rising prices of essentials and additional costs to maintain hygiene.

In March 2019, Nagad started out as the mobile financial service (MFS) of the Bangladesh Post Office (BPO), and it has since been operated by Third Wave Technologies Ltd.

India has extended a federal guarantee on bank loans to health and tourism services while waiving visa fees for 500,000 foreign tourists, the finance minister said on Monday, stepping up support for the pandemic-hit economy.

The European Central Bank should retain the exceptional flexibility of its emergency bond buys after the current crisis, ECB board member Fabio Panetta said on Monday, setting the stage for potential conflict with more conservative policymakers.