Bangladesh Bank has refused to extend the tenure of directorship of Rick Haque Sikder at the National Bank board on grounds of holding default loans.

United Airlines was putting the finishing touches on Monday to an airplane order potentially worth $30 billion at list values for up to 270 narrowbody jets in a bid to secure a pandemic recovery at favorable prices, industry sources said.

ONE Bank has recently witnessed the appointment of a new vice chairman as well as chairman of its executive committee.

Brac Bank has recently sought applications from fresh graduates, including individuals of the third gender and who are differently abled, for its one-year Young Leaders’ Programme through which it appoints principal officers.

SME Foundation needs to be provided a specific budgetary allocation each year to ensure that entrepreneurs get easy access to finance, speakers told a webinar yesterday.

Small and medium enterprises (SMEs) cannot grow substantially because of a lack of fiscal incentives, access to finance and skilled manpower, said speakers at a webinar yesterday.

Borrowers would be able to avoid falling into the default zone by repaying 20 per cent of their loan installment amount as of June, Bangladesh Bank said yesterday.

The World Bank’s board of executive directors has approved a $191 million credit to Bangladesh and a $18 million grant to Afghanistan to help the countries strengthen their higher education sector and respond better to the Covid-19 pandemic.

Following suit of Brac Bank, Bank Asia and Dhaka Bank, local banking financial institution City Bank also cancelled card transactions with e-commerce platforms today.

E-commerce marketplace Evaly has welcomed the commerce ministry's today's decision of clearing payments to the local e-commerce companies once the goods are delivered to the buyers.

Dhaka Bank has joined the foray of cancelling card based transactions with 10 e-commerce platforms, including Evaly and Alesha Mart, according to text messages sent by the private bank to its clients today.

Bank Asia yesterday notify its customers that transactions through the banks cards with 10 e-commerce platforms will remain suspended for the time being.

Brac Bank has partnered with five new exchange companies to channel wage earners’ remittance through its countrywide network.

Bangladesh Bank’s fact-finding committee has asked two former deputy governors to give their versions on the financial irregularities at a non-bank financial institution (NBFI).

Eight years ago, Midland Bank Ltd set out with a vision to become a bank for the masses riding on technology and reaching the unbanked in the hinterland.

Asian Development Bank (ADB) is providing a loan of $250 million to Bangladesh to help its finance reforms aimed at improving the inclusiveness and responsiveness of the country’s social development and resilience programmes.

Four years ago, there was a lot of buzz around cryptocurrencies, primarily due to the enormous success of bitcoin. The peak value of bitcoin was staggeringly high at that time—several times the per capita economic output of Bangladesh.

The ICT Division will likely commence an IT audit on banks next month to measure their capability to thwart cyberattacks as growing digitalisation and remote working arrangements have augmented the financial sector’s exposure to online crimes.

The central bank yesterday drew up a detailed guideline on post-import financing (PIF) to end the misuse of loans extended to pay for imported goods and bring discipline in the foreign exchange regime in the banking industry.

Standard Chartered and Channel i have jointly announced the launch of Standard Chartered - Channel i Agrow Award 2021.