5h ago| Economy

Prime Bank opens Japan Desk

Prime Bank recently launched Japan Desk, a one-stop solution centre, in order to facilitate cross-border business initiatives and investments between Japan and Bangladesh.

1d ago| Economy

Metaverse and the future of banking

When the term “metaverse” was first used around 30 years ago by Neal Stephenson, an American speculative fiction writer, in his science-fiction novel, Snow Crash, he could barely have anticipated that the term would be on everyone’s lips in 2022.  

3d ago| Business

ILFSL to recover funds taken by PK Halder’s 4 firms

The International Leasing and Financial Services Ltd (ILFSL) has taken initiatives to revive the four companies owned by PK Halder in order to recover its funds given out to them.

1w ago| Banks

Stabilising forex market: BB actions contradict aim

Bangladesh Bank recently took a set of initiatives to bring about an effective floating exchange rate, meaning that which will rise or fall based on supply and demand, to bring back stability in the foreign exchange market. 

1w ago| Economy

Mercantile Bank wins South Asian Business Excellence Award

Mercantile Bank Ltd won South Asian Business Excellence Award-2022 as the “Best Bank in the Private Sector” by South Asian Partnership Summit. 

1w ago| Business

BB officials show-caused for info leak on scams

The Bangladesh Bank has served show-cause notices on a good number of officials, asking them to explain how could media outlets published reports based on the central bank's findings on several banking scams.

October 3, 2022
October 3, 2022

Prime Bank opens Japan Desk

Prime Bank recently launched Japan Desk, a one-stop solution centre, in order to facilitate cross-border business initiatives and investments between Japan and Bangladesh.

October 2, 2022
October 2, 2022

Metaverse and the future of banking

When the term “metaverse” was first used around 30 years ago by Neal Stephenson, an American speculative fiction writer, in his science-fiction novel, Snow Crash, he could barely have anticipated that the term would be on everyone’s lips in 2022.  

September 29, 2022
September 29, 2022

ILFSL to recover funds taken by PK Halder’s 4 firms

The International Leasing and Financial Services Ltd (ILFSL) has taken initiatives to revive the four companies owned by PK Halder in order to recover its funds given out to them.

September 29, 2022
September 29, 2022

BB approval must for NBFIs to lend to subsidiaries, waive interests

The non-bank financial institutions (NBFIs) will have to take permission from the central bank to lend to their subsidiaries or associates and waive loans or interests.

September 29, 2022
September 29, 2022

Loans to become costly as policy rates hiked by 25 basis points

Bangladesh Bank today hiked its key interest rate or policy rate by 25 basis points to 5.75 per cent with a view to containing the inflationary pressure.

September 29, 2022
September 29, 2022

One Bank, CCULB Resort sign MoU

One Bank Ltd recently signed a memorandum of understanding (MoU) with CCULB Resort and Convention Hall for customer privilege.

September 29, 2022
September 29, 2022

Brac Bank wins accolades in South Asian Business Excellence Awards

Brac Bank recently won five awards in five different categories in the South Asian Business Excellence Awards 2022 for its digital transformation, social and sustainable initiatives.

September 28, 2022
September 28, 2022

NFBIs demand withdrawal of cap on deposit interest

The non-bank financial institutions have demanded withdrawal of the 7 per cent interest cap on deposit.

September 28, 2022
September 28, 2022

EBL raises Tk 122.4cr for TMSS

Eastern Bank Limited (EBL) has raised Tk 1,224 million (Tk 122.4 crore) through the issuance of zero-coupon bonds for Thengamara Mohila Sabuj Sangha (TMSS), a microfinance institution in Bangladesh. 

September 28, 2022
September 28, 2022

Brac Bank opens 800th agent banking outlet

Brac Bank has achieved a milestone of opening the 800th agent banking outlet recently.