The Bangladesh Bank has reconstituted the board of directors of Al-Arafah Islami Bank PLC with representatives of the bank's founding sponsors, marking the return of its original owners to the board

Bangladesh Bank (BB) has extended a legal exemption allowing defaulter Shinepukur Ceramics Ltd to continue opening letters of credit (LCs) for importing raw materials, aiming to keep the company's production running and protect jobs

He will replace Deputy Governor Zakir Hossain Chowdhury as the government has cancelled Zakir's remaining tenure

The finance minister has directed all financial institutions, including banks and insurance companies, to deliver digital services tailored to customers' needs, ensuring citizens can access essential services from the comfort of their homes

Cash incentives will be available for 43 specified export items, with rates ranging from 0.30% to 10%

Weak governance and poor institutional performance have eroded public trust in banks, pushing many depositors towards informal channels, experts said at a recent event.

The framework will allow electronic submission, transmission, and verification of trade documents across approved international trade corridors

Sarwar will take up the post after voluntarily retiring from his current position as executive director

A four-pillar plan aims to bring down NPLs, which stood at over 32 percent in March

The Bangladesh Bank (BB) has lowered its private sector credit growth target to 6.8 percent by the end of December this year, against the backdrop of sluggish demand

The exchange rate of the US dollar against the taka rose further today as banks faced increased payment pressure and settled letters of credit (LCs) ahead of the June-end closing.

The decision was taken to ensure that borrowing costs remain reasonable for businesses and productive sectors

Investors submitted bids worth Tk 56,607 crore against an issuance target of Tk 5,500 crore through the 273-day sukuk, making the auction oversubscribed by 10.29 times

The Bangladesh Bank today organised a daylong campaign at its headquarters to promote the use of Bangla QR codes for digital payments, with the interoperable system set to become mandatory from July 1 at all merchant payment points

Bangladesh Bank (BB) provided Tk 75,903 crore in emergency liquidity assistance to banks as of June 6, Finance Minister Amir Khosru Mahmud Chowdhury told parliament today.

In a circular issued on June 24, the central bank said it had recently received complaints from customers regarding difficulties in purchasing savings certificates through banks.

Bangladesh Bank (BB) has allowed banks to disburse certain consumer loans directly to vendors through electronic fund transfers, a move aimed at modernising loan settlement processes and reducing operational risks associated with paper-based transactions

The central bank has allowed foreign embassies and their authorised visa-processing agents in Bangladesh to collect visa fees in taka and remit the money abroad through banks without needing prior regulatory approval for each transaction

Banks have been given the go-ahead to facilitate outward remittances for lease rentals of ships and vessels by shipping companies incorporated in Bangladesh, in a move aimed at strengthening the country's maritime sector

TakaPay expands to 17 banks while credit cards remain concentrated in cities, BB report shows