Bangladesh’s tax system has traditionally been based on the principle of progressive taxation—an equitable framework where higher-income individuals contribute proportionately more, enabling the state to finance public welfare.

The shareholders of Bank Alfalah gave go-ahead to the acquisition on March 26

Under the directive, each bank must establish a full-fledged unit supervised by a deputy managing director or an equivalent official linked to payment system operations

He was appointed to the bank’s reconstituted board in August 2024

He was appointed the first chairman of the newly formed bank on December 7 last year

The Bangladesh Bank (BB) has raised the maximum credit card loan limit for individuals to Tk 40 lakh from Tk 25 lakh

The bank has only one sponsor shareholder—the Army Welfare Trust

Earlier, on March 9, the company announced that the paid-up capital of mCash Ltd would be increased in phases up to Tk 500 crore

A group of them form a human chain in front of BB headquarters

Banks in the region sent staff home in response to a deepening Middle East conflict

Bangladesh Bank issues energy-saving directive

The move comes after banks expressed interest in offering credit facilities backed by T-bonds

Banks across the country will remain shut on March 18, a government-declared holiday, ahead of Eid-ul-Fitr, the largest religious festival of Muslims.

The directive covers major payment channels, including ATMs, POS terminals, QR code payments, internet banking, online e-payment gateways and MFS

Previously, the limit was Tk 10 crore, with most cases requiring prior approval

The four are: National Bank, Al-Arafah Islami Bank, Premier Bank, and IFIC Bank

As part of the agreement, the paid-up capital of mCash Ltd will be enhanced in phases up to Tk 500 crore

The war began on February 28 after a US-Israel attack on Iran

The Bangladesh Bank (BB) has introduced a forward-looking framework requiring banks to anticipate credit losses, rather than wait for borrowers to default

Eight leading economists meet with Bangladesh Bank governor