Bangladesh Bank yesterday asked banks to seriously look into and resolve complaints of clients over their financial services so that none faces further hassles. 

The currency of Bangladesh has depreciated further against the US dollar, hitting Tk 92.50 on the interbank platform yesterday.

LankaBangla Securities has signed a memorandum of understanding with Chartered Life Insurance Company making beneficiary owners (BO) account holders eligible for insurance coverage in case of death and permanent disability.

Bangladesh Bank today asked banks to seriously look into and resolve complaints of clients over their financial services so that none faces further hassles.

The local currency today depreciated further against the US dollar, hitting Tk 92.50 for each greenback in the interbank platform.

The regular taxpayers will feel discouraged if there remains an option to whiten money by paying only 7 per cent tax, said Humayun Rashid, president of IBFB.

The stock market index continued to fall today for the second consecutive day since the announcement of the proposed national budget for 2022-23 fiscal year.

The Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, welcomed the proposed national budget for the fiscal year 2022-23 although the general investors reacted negatively and the stock index dropped in the first two days of trading in the week.

The stock market in Bangladesh continued to fall for the second consecutive day today after the conditional measures on corporate tax cuts for companies in the proposed national budget for the next fiscal year.

The government is planning to formulate a national quality policy to ensure the local manufacturing of products at global standards, which will pave the way for Bangladesh to increase exports, Industries Minister Nurul Majid Mahmud Humayun said yesterday.

The domestic stock market took a dive yesterday, the first trading session since Finance Minister AHM Mustafa Kamal proposed the national budget for the fiscal year of 2022-23 in parliament on Thursday.

The government has cut its target on food distribution, which supports poor and low-income people, by 5 per cent to 30.95 lakh tonnes in the next fiscal year from the revised budget of 2021-22, finance ministry documents showed.

The monetary policy must be used as a proper tool to contain demand, reduce inflation, and stabilise the exchange rate in Bangladesh, a noted economist said yesterday.

A high risk of cyber-attacks looms large over 36 per cent of banks in Bangladesh mainly due to a shortage of investment in strengthening security measures, skilled personnel and a lack of awareness among bankers and customers.

Jamuna Bank Ltd recently signed an agreement with the Bangladesh Bridge Authority for the money management of the toll to be collected at the Padma Multipurpose Bridge.

India is considering restricting imports of refrigerators to promote local manufacturing, two industry sources told Reuters on Thursday, potentially freezing out shipments from Samsung Electronics Co and LG Electronics Inc in the $5 billion market.

Islami Bank Bangladesh Ltd (IBBL) recently signed a memorandum of understanding with BRB Hospitals enabling up to 25 per cent discount at the hospital for the bank’s cardholders, officials and their family members.

Midland Bank in collaboration with Usha Foundation, a non-government organisation, disbursed a loan of Tk 1 crore, out of Tk 4.50 crore, among 40 entrepreneurs of Jamdani Cluster in Narayanganj.

Standard Chartered Saadiq Bangladesh has won an award at Digital CX Awards 2022 in the category of digital customer experience across the financial services ecosystem.

Rokia Afzal Rahman, chairman of Arlinks, and AK Azad, managing director of Ha-Meem Group, have been re-elected vice-presidents of the International Chamber of Commerce Bangladesh for a two-year term (April 2022 to March 2024).