Govt warns against rumours over Islamic banks鈥� merger
The government on Monday dismissed the 鈥榖aseless rumours鈥� being circulated on social media claiming that investors would incur losses due to the ongoing process of merging five Islamic banks.
Banking
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Al-Arafah bank inks deal with ACI Godrej
Al Arafah Islami Bank, the country鈥檚 leading Sharia-compliant bank, and ACI Godrej Agrovet Private Limited, have recently signed a Memorandum of Understanding.
Modhumoti Bank holds board meet
The 90th meeting of the board of directors of Modhumoti Bank PLC was held on Monday.
BB slashes loan provisioning rates for agri, CMSMEs
Bangladesh Bank has issued a directive significantly reducing the required loan provisioning rates for banks handling specific credit lines in the agricultural and CMSME sectors, aiming to encourage greater participation by banks in disbursing these credits.
Interoperable transaction from November 1
Bangladesh Bank is going to introduce interoperable payment system from November 1 allowing instant transfers from mobile wallets, bank accounts, non-bank accounts, or institutional accounts directly to any other account to reduce cash transactions across the country.
Net NSC sales drop in July-August
Net sales of National Savings Certificates (NSCs) plunged by 63 per cent in the first two months of the financial year 2025-26 amid persistent inflation and tighter government borrowing strategy.
NRBC Bank hosts financial awareness prog at JnU
NRBC Bank PLC on Sunday launched a week-long financial awareness programme titled 鈥楩estival of Youth鈥� at Jagannath University, said a press release.
Business activities of Janata Bank鈥檚 Khulna branches reviewed
Janata Bank PLC on Sunday held its 鈥楰hulna Division Half-Yearly Business Branch Managers Conference 2025,鈥� said a press release.
Bangladeshi bank branch in Maldives sought
Bangladesh high commissioner to Maldives Md Nazmul Islam particularly emphasised the long-standing demand for the establishment of a Bangladeshi bank branch in the Maldives, noting that such initiative would greatly benefit expatriate workers...
SIBL sponsor director Md Rezaul Haque resigns amid frustration
Social Islami Bank sponsor-director Md Rezaul Haque resigned on Sunday, after blaming independent directors-led board of the bank for the failure to revive the bank despite central bank鈥檚 liquidity support.
Banks rely on market funding as BB tightens cash support
Call money and interbank repo transactions surged in September, reflecting that banks increasingly depended on market-based funding as the central bank scaled back direct liquidity injections.
