The 75 basis-point rise in policy rate will be effective from Oct 5

IFIC Bank recently organised a remittance roadshow styled “IFIC Bank Remittance Roadshow” in a bid to increase the flow of remittances to Bangladesh through legitimate banking channels in different areas of New York.

NRB Bank Ltd recently signed an agreement with Astra Airways, a privately-owned airline.

Dhaka Bank Ltd and the Bangladesh Institute of Planners (BIP), in association with Visa, recently launched co-brand credit cards.

Towfika Aftab has been re-elected as chairperson of Citizens Bank PLC.

Global Islami Bank recently signed a remittance service agreement with the UK-based KMB International Money Exchange Ltd.

NCC Bank has distributed agricultural materials, including seeds, fertiliser and pesticides, among 500 marginal farmers in Kushtia as part of its corporate social responsibility.

City Bank has been awarded the “ITFC Trade Finance Deal of the Year” award by the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group.

Brac Bank recently signed a memorandum of agreement (MoA) with The Body Shop, a British cosmetic, skin care and perfume company, to offer exclusive discounts for its Tara customers.

Midland Bank Ltd recently signed a memorandum of understanding (MoU) with Dream Square Resort.

Premier Bank recently signed a participation agreement with the Financial Sector Support and Strategic Planning Department of the Bangladesh Bank to avail refinance facility in US dollar

The bad loans rose by Tk 24,419 crore in the last three months to June

It hit $4.31 billion in September

$1.34 billion came in September, lowest since April of 2020

The banks are: Social Islami Bank, Al-Arafah Islami, Mercantile, Modhumoti, Midland, Brac, Exim, Premier, Shahjalal Islami and Trust.

Credit markets are often affected by market failures, which makes them prone to government interventions. While there are many ways in which governments can intervene in financial markets, a common method is through state-owned banks.

Standard Chartered Bangladesh recently launched a joint initiative with the Center for Natural Resource Studies (CNRS) to boost the availability and accessibility of high-quality fish spawn, specifically Generation 3 Rohu, for 2,000 aquaculture farmers residing along the southern coast of the country.

Brac Bank recently signed a memorandum of understanding (MoU) with Stamford University Bangladesh to augment transactional banking services.

Mercantile Bank PLC recently organised a conference on “Prevention of Money Laundering and Combating Financing against Terrorism” for agent outlets’ owners in Noakhali, Lakshmipur and Chandpur regions.

Prime Bank’s Neera, an initiative for women clients of the bank, has recently signed an agreement with Moshal Mental Health, a mental health organisation in Bangladesh..Nazeem A Choudhury, deputy managing director of the bank, and Maria Mumu, founder and president of the mental health orga