The move was taken to boost remittance inflow

Bankers are dreading a big drop in their profits as their defaulted loans are likely to increase further due to the curfew and the five-day internet blackout.

All branches of commercial banks will open from tomorrow to offer banking services for a limited period, a Bangladesh Bank official told The Daily Star today.

Khairul Alam Choudhury has recently been re-elected as the chairman of AB Bank for a second consecutive term..Choudhury is a senior lawyer of the Supreme Court of Bangladesh, the bank said in a press release..He graduated from the University of Wolverhampton in 2001 and completed a p

IFIC Bank launched a full range of Shariah-compliant banking services, styled “IFIC Islamic”, aiming to offer comprehensive Islamic financial solutions alongside its conventional banking services..Salman F Rahman, the prime minister's adviser on private industry and investment, and chairma

The bank made Tk 166.79 crore in the same period previous year

Banks and non-bank financial institutions (NBFIs) have been asked to refrain from imposing fees or interest on delayed repayment of loan and saving scheme instalments and credit card bills between July 18 and July 25.

As banks reopened after three days of general holidays, most lenders had to contend with cash withdrawal pressure while some faced disruptions in conducting foreign transactions.

NRB Bank recently launched an offshore banking unit (OBU) with the slogan “Banking Beyond Boundary”..Mohammed Mahtabur Rahman, chairman of the bank, inaugurated the unit at the bank’s corporate head office in Dhaka, the bank said in a press release..Golam Kabir and Mohammed Jamil Iqb

BRAC Bank recently rebranded its corporate banking division as corporate and institutional banking division, illustrating a significant shift in its strategic direction..The announcement came during the division’s half-yearly review meeting at the bank’s head office in Dhaka, the bank said

It also demanded no new charges to be imposed when shipment begins

Banks reopened today after three days of additional general holidays

Banks are set to re-open today from 11:00am to 3:00pm after four days of general holidays.

The Bangladesh Bank has identified several macroeconomic challenges that are hurting the economy such as higher inflation and widening income inequality.

Midland Bank recently awarded prizes to winners of its quarterly online customer service feedback survey programme, styled “Feedback & Win”..Md Ahsan-uz Zaman, managing director and CEO of the bank, handed over prizes to winners as chief guest at the bank’s head office in the capital’s Gul

Meghna Bank recently signed a memorandum of understanding (MoU) with Splash Works Water Parks Ltd, also known as Mana Bay, a premium water park in the Gazaria upazila of Munshiganj..Kimiwa Saddat, deputy managing director of the bank, and Salim Khan Surattee, assistant vice-president of th

The latest inflation rate is the highest at least since 1984

The target for January-June was 10%

The crawling peg and the mid-rate were introduced on May 8 this year

Kept repo rate at 8.5%, SDF rate at 7% and SLF rate at 10%