Union Bank is going to debut in the stock market today as the 33rd bank.

Efficiently completing all tasks does not guarantee appreciation from managements as attaining deposit targets is solely prioritised by private banks, which is the case for at least one mid-level official.

A new Bangladesh Bank platform has helped the government settle almost 100 per cent of its payments made to individuals electronically, giving a boost to the country’s financial inclusion efforts.

Standard Chartered Bangladesh has been recognised as the ‘Best Bank in Bangladesh’ at the Asset Triple A Sustainable Capital Markets Country Awards 2021 recently.

ONE Bank Ltd (OBL) and GD Assist Ltd recently signed an agreement on arranging free life insurance facilities for the former’s clients in Dhaka. 

Bangladesh Bank yesterday asked banks to run operations with 50 per cent of their workforce until February 6 by introducing alternate-day duty rosters immediately in order to tackle the third wave of the coronavirus pandemic.

Expatriate Bangladeshis will enjoy 2.5 per cent cash incentive if they remit five categories of service benefits in the form of remittance through formal channels, said the central bank yesterday.

For the first time in history, Bangladesh Bank yesterday fixed minimum salaries for entry level bank officials in a bid to encourage talented youths to choose banking as a career and play a role in the nation’s economic advancement.

The proposed Peoples Bank’s three-year efforts to roll out banking operations went in vain as it has failed to meet requirements needed to secure the final approval from the Bangladesh Bank.

Nagad has partnered with Dhaka Bank to enable the mobile financial service’s users to add money from their bank account round the clock through internet banking without incurring any fees.

bKash is offering 1 per cent extra cash bonus on top of the government’s 2.5 per cent incentive in order to encourage expatriates to transfer funds to their beneficiaries in Bangladesh through formal channels.

Dhaka Bank Ltd has arranged Tk 520 crore for Chandpur Power Generations Ltd (CPGL), a sister concern of Doreen Group.

Brac Bank now has 705 agent banking outlets across the country thanks to a rapid network expansion drive.

The global trend of loan availability at one’s fingertips is gaining grounds in Bangladesh, this time with Prime Bank preparing to launch PrimeAgrim app, an AI-based instant digital nano loan platform.

Mutual Trust Bank (MTB) recently witnessed the appointment of its new group chief financial officer (CFO).

Bangladesh Bank has fined National Bank Tk 55 lakh for concealing loan related information of 11 persons, which was a gross violation of banking rules.

Citi announced Tuesday it will exit its Mexican consumer banking business, the latest reorganization effort to steer the US financial heavyweight towards higher-return ventures.

The Bangladesh Bank has imposed a fine of Tk 21.50 lakh on Southeast Bank after it failed to bring down its excessive investment in a single stock within the regulatory limit.

Bangladesh Bank yesterday issued guidelines on how banks and non-bank financial institutions should use corporate social responsibility (CSR) funds, with focus on education, health and climate issues.

Bangladesh Bank has allowed Padma Bank, albeit under two conditions, to list its accumulated loss as “intangible loss” so that it does not show up in its balance sheet, thereby enabling it to attract foreign direct investment (FDI).