South Bangla Agriculture and Commerce (SBAC) Bank's Managing Director (MD) Tariqul Islam Chowdhury has stepped down from his position before completing his three-year tenure.

Bangladesh Bank yesterday restored the interbank cheque clearing system in a major relief for users but a backlog of cheques and the non-operational electronic fund transfer (EFT) platform are still causing sufferings to clients.

Bangladesh Bank yesterday instructed banks to impose account maintenance fees on small depositors once a year.

The central bank yesterday extended the banking hours by half an hour after clients rushed up to branches to withdraw cash as the country is set to go into a strict lockdown from April 14 to tame the raging coronavirus.

People can open bank accounts from anywhere as an increasing number of lenders have made digital options available, helping customers avail financial services without visiting branches during the coronavirus pandemic.

Bank Asia has recently witnessed the appointment of a new director.

After paying rent, buying daily necessities and providing educational expenses for the children, most of the salary of an average professional is gone.

Dutch development bank FMO has invested $50 million in Brac to accelerate innovations that impact the lives of underserved and marginalised people.

Banks can now declare a maximum of 30 percent dividend including 15 percent cash for shareholders after meeting the compliance requirements of Bangladesh Bank.

A postgraduate in Accounting from the University of Dhaka, Mr. Mamoon Mahmood Shah started his banking career as Probationary Officer of IFIC Bank Ltd. Mr. Mahmood joined NRB Bank Limited as Additional Managing Director in 2019. He has to his credit a wide range of banking experience of more than 30 years which includes serving in key positions in a number of both local and multinational banking institutions such as EBL, HSBC, Standard Chartered, ANZ Grindlays, etc. He also held the position of MD & CEO of ICB Islamic Bank, National Finance Ltd., and GSP Finance.

The government has alerted banks about the threat of a cyberattack, instructing them to put in place precautionary measures to prevent hackers from stealing money.

The government has alerted banks about the threat of a cyberattack, instructing them to put in place precautionary measures to prevent hackers from stealing money.

Most of the banks are keeping their ATM (automated teller machine) booth operation suspended for 6-8 hours at night following a hacking alert issued by the Bangladesh Bank in late August.

City Bank has introduced a dual currency debit card, joining a growing list of lenders that are offering the facility to lure in the progressively global-minded customers in the country that are averse to using credit cards.

Eastern Bank’s profits grew at a handsome rate in 2019 thanks to a higher recovery from written-off and classified loans, new client acquisition and deeper penetration both in retail and SME segments despite it being a challenging year for almost every financial institution.

The central bank has stopped publishing the figure of stressed assets in its annual financial stability report with a view to painting a rosy picture of the banking sector at a time when lenders are facing one of their worst crises in living memory.

Social Islami Bank has launched a “dual prepaid” card with a number of features which would make daily activities of its users “more comfortable than ever”.

The government yesterday finally reappointed Fazle Kabir as the governor of the central bank for two more years as it looks for an old hand to steer the financial sector during its most challenging period yet.

AB Bank has asked more than 100 of its employees to resign as part of its efforts to restructure operations.

When the majority of banks are struggling to survive from the ongoing financial meltdown brought on by the coronavirus pandemic, Dhaka Bank has introduced a novel banking product that will help clients open their account from home.