Padma Bank, formerly known as Farmers Bank, is going to get over two years, until April 2028, to clear a Tk 55 crore penalty for its failure to maintain the regulator-stipulated cash reserve ratio (CRR) from 2017 to 2019. 

Nagad wants to establish a digital bank

Companies are switching to the PLC (Public Limited Company) suffix in order to comply with the amended Company Act 1994

Funding risks and weaker profitability will likely test the sector's credit strength

Bangladesh Bank received 52 applications for the digital bank licence, with the majority of the forms coming in from the existing 62 banks -- when their current licence allows them to offer the same service already.

Genex Infosys Ltd, Navana Pharmaceuticals Ltd and Aramit Ltd have decided to invest in the proposed digital bank named UPAY Digital Bank PLC.

Fifty-two applications have been filed by companies such as banks, fintec firms and mobile financial service providers to roll out digital banks, Bangladesh Bank Spokesperson Md Mezbaul Haque confirmed today.

The bank did not take prior approval for re-electing Ron as a director

The ride-sharing company will utilise its own fund

Islami Bank Bangladesh PLC launched a campaign styled “Islami Bank-Instant Cash Remittance Fiesta”.

Eastern Bank Limited (EBL) yesterday organised a webinar titled “Father of the Nation Bangabandhu Sheikh Mujibur Rahman’s Vision of a Developed Bangladesh”, marking the 48th National Mourning Day.

Hopping on the bandwagon with other conventional lenders that will establish digital banks, Dhaka Bank yesterday said it would invest Tk 12.5 crore to become a sponsor shareholder of a proposed digital bank.

Bangladesh Bank has directed five Shariah-based banks to resolve their current liquidity crisis while three of them were asked to bring down their advance-deposit ratio (ADR) within the regulatory limit as soon as possible. 

Bank Asia Ltd and Swisscontact Bangladesh have signed a memorandum of understanding (MoU) to promote accessible and small-ticket-sized women-friendly savings products for the RMG workers and their community members so that their financial resilience improves.

Al-Arafah Islami Bank Ltd (AIBL) has approved 15 percent dividends, including 12 percent cash dividend, for the year that ended on December 31, 2022.

Khandakar Ruhul Amin has been re-elected as the chairman of the risk management committee of NRB Bank Ltd at a meeting of the bank’s board of directors recently.

Bangladeshis spend higher amount of money abroad through credit cards compared to the foreign nationals roaming inside Bangladesh, according to a central bank report released yesterday.

Prime Bank has decided to set up two subsidiaries to provide financial and asset management services.

Dutch-Bangla Bank Ltd (DBBL) is going to invest in a digital bank and form two subsidiaries in order to expand business in capital market, the bank said yesterday.

Sonali Bank has frozen accounts of two banks of Myanmar following sanctions imposed by the US, and further steps will be taken based on Bangladesh Bank’s opinions.