Loans below Tk 1 crore may continue to be valued by the banks' internal management

The 21 officials cleared of their penalties are: Commissioner (Current Charge) Md Zakir Hossain; joint commissioners of taxes Morshed Uddin Khan, Masuma Khatun, Md Mamun Mia, Monalisa Shahreen Sushmita and Md Sanwarul Kabir; additional commissioners of taxes Murad Ahmed, Mirza Ashiq Rana, Hasan Muhammad Tarek Rekabdar, Sifat-e-Mariam, Sultana Habib, Chand Sultana Chowdhurany, AAM Amimul Ehsan Khan and Sadhan Kumar Kundu; deputy commissioners Imam Tauhid Hasan Shakil, Md Zillur Rahman, Mohammad Saidul Islam, Mohammad Shihabul Islam and Md Shahadat Jamil; and revenue officers Sobuj Mia and Shafiul Boshr.

The credit can cover utility bills, mobile recharges, education and healthcare costs, travel expenses, taxes and government service fees, deposit instalments, and insurance premiums

Banks may facilitate outward remittances within prescribed limits without prior approval from the central bank or the Bangladesh Hi-Tech Park Authority

Selected entrepreneurs will receive training, mentorship, assistance with registration and business plans, and market-linkage support

Separate letters confirmed that the government had approved the cancellation of the unexpired contractual terms of the managing directors of Agrani Bank, Md Anwarul Islam; BDBL, Md Jashim Uddin; and BASIC Bank, Md Kamruzzaman Khan

Submissions of individual applications for deposit withdrawals started at the branches and sub-branches of the bank on September 1

At the end of June this year, bad loans in the banking sector stood at Tk 6,06,555 crore, which is 32.78 percent of the total disbursed loans

Governor sends demi-official letter to finance minister in this regard

Enamul Huque is the new CEO

They young generation wants to know: How good is the internet banking app? What do I get beyond the account itself? Is it convenient? And why should I choose this bank when almost every other bank offers something similar?

However, no profit will be given to those who withdraw their principal amount

A large portion of the profit came from lending to commercial banks and investments of the foreign exchange reserves

Fresh loan disbursements also fell a massive 83 percent year-on-year to $14 million in July

The fund will provide financing at a maximum of 7%

The funds will be used to rebuild damaged homes, restore livelihoods, repair educational institutions, and improve access to safe drinking water and sanitation facilities.

According to a disclosure on the Dhaka Stock Exchange (DSE) today, the decision was taken at a board meeting on August 27

The Mutual Trust Bank (MTB) has decided to raise Tk 500 crore in capital by issuing shariah-compliant or conventional bonds with a maturity period of seven years.

The move is expected to make it easier for foreign companies to participate in projects in Bangladesh

Initiatives have also been taken under an exit policy and Alternative Dispute Resolution to recover depositors’ funds