Banks

Banks

ICB Islamic Bank in dire straits

After Padma Bank, ICB Islamic Bank appears to be the next in line to be absorbed by a stronger bank under the central bank’s roadmap to clean up the banking sector and bring in corporate governance.

20h ago

Credit card use slightly up

Customers spent Tk 2,678 crore in Jan this year, up from Tk 2,674 crore in Dec 2023

23h ago

High bad loans a 'big threat' to financial sector: BB

The central bank said in quarterly review on money and exchange rate

23h ago

Forex reserves fall by half a billion in a week

It hit $19.45 billion on March 27, down from $19.98 billion on March 20

1d ago

Banks’ CSR spending slumps

Banks’ spending on socially impactful schemes as part of their corporate social responsibility (CSR) fell in the second half of 2023, said a central bank report yesterday..During the July-December period of last year, banks spent Tk 353 crore on CSR-related activities, which was 31 percent

1d ago

Tax on provident funds' income: One country, dual policy

A provision in the Income Tax Act 2023 created the discrimination

2d ago

SWIFT planning launch of new central bank digital currency platform in 12-24 months

The move is likely to be fine-tuned to when the first major ones are launched

2d ago

NBFI top brass to be judged on bad loan recovery

Bangladesh Bank has issued a detailed guideline today, including default loan recovery targets, alongside criteria over the appointment, reappointment and responsibilities of managing directors and chief executive officers (CEOs) of non-bank financial institutions (NBFIs).

3d ago

Banks can't impose any fine on supervision charges: BB

New guideline on supervision charge issued

1w ago

‘Govt agencies extorting restaurants in the name of raids’

The Bangladesh Restaurant Owners' Association (BROA) claims

1w ago

Exim Bank, Padma sign MoU for merger

The MoU will open the process of merger

1w ago

How far a tough central bank can help?

All stakeholders, including the citizenry, have for years been warning about the deteriorating health of Bangladesh's banking sector. Hard data such as those on the prevalence of default loans have also been indicating the same. .A recent Bangladesh Bank report is the latest to reaffirm

1w ago

BRAC Bank launches bancassurance service

The bank will initially offer insurance products from MetLife Bangladesh and Green Delta Insurance

2w ago

Forex reserves fall below $20 billion after import payments

$1.29 billion import bills cleared last week, which brought down the reserves to $19.99 billion on Wednesday

2w ago

SM Mannan Kochi nominated as new BGMEA president

Syed Nazrul Islam new first vice-president and Khandoker Rafiqul Islam senior vice-president

2w ago

First-ever guideline for non-banks’ independent directors

The minimum age of such directors is 45 years and maximum 75 years

2w ago

Ban on foreign travel, trade licence, national award for wilful defaulters

Bangladesh Bank issues new guideline on wilful defaulters today

2w ago

Banks can voluntarily merge until December: Bangladesh Bank

After December, the central bank will take decision on merger, acquisition

2w ago
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