State-run commercial banks, specialised banks and financial institutions will no longer be able to hand out incentive bonuses at will. From now on, bonuses will be tied to net profit rather than operating profit, according to a finance ministry circular issued yesterday.

Bangladesh Bank governor will head the panel

BB to appoint administrative teams

Objections were raised against him after the ouster of the Awami League government

So far, the banking watchdog has purchased $1.74 billion in the current fiscal year

The move comes as various users alleged that they were victims of fraud attacks

$100 million will be extended under the agreement

The central bank initially launched the scheme in 2022

The interim government has formed an eight-member working committee to implement the merger of five Shariah-based banks.

The decision was taken upon a probe committee’s recommendation

The five banks slated for consolidation are First Security Islami Bank, Union Bank, Global Islami Bank, Social Islami Bank and Exim Bank.

Bangladesh’s foreign exchange reserves fell to $25.30 billion yesterday, according to the International Monetary Fund’s calculation, after the country cleared $1.50 billion in import bills under the Asian Clearing Union (ACU).

Dutch-Bangla Bank, a listed lender in the country, has decided to buy a building for its headquarters  in Dhaka’s Motijheel at a cost of Tk 1,016 crore.

The central bank issued the letter on Sunday.

The Bangladesh Bank has raised the paid-up capital requirement for digital banks from Tk 125 crore to Tk 300 crore.

BRAC EPL will serve Paramount as corporate adviser to support the solar company's expansion in Bangladesh

Asset quality review aims to improve banking sector stability

Social Islami Bank's (SIBL) founding shareholders have urged the central bank and the Ministry of Finance not to involve the bank in any merger with other ailing banks.

The Financial Institutions Division (FID) of the finance ministry has formed a four-member committee to probe and submit an inquiry report on the controversial image/video of AFM Shahinul Islam, head of the Bangladesh Financial Intelligence Unit (BFIU), that was circulating on social media.

Bangladesh Bank has dissolved the current board of Premier Bank and formed a new one – a move which, industry insiders claim, will end the dominance of the family members of HBM Iqbal, founder chairman of the bank and an Awami League lawmaker.