RBI delivers first rate cut since 2020
India鈥檚 central bank cut interest rates Friday for the first time in nearly five years, as concerns over a growth slowdown in the world鈥檚 fifth largest economy outweighed inflation risks.
Banking
BB re-sets fees, charges for card-based transactions
The Bangladesh Bank has set fees and charges for card transactions through ATM, point of sale, internet banking fund transfer (IBFT), Bangla QR, e-commerce and government invoices.
NSC sales rise to Tk 1,676cr in July-Nov
The net sales of national savings certificates increased in July-November period of the financial year 2024-25, as many depositors turned to such stable, low-risk investment.
FID undermines Bangladesh Bank autonomy
Economists in a latest task force report have blamed poor leadership and the Financial Institutions Division for the erosion of the Bangladesh Bank鈥檚 autonomy.
BANKING SECTOR: Legal complexities worsen default loan crisis
The legal framework for handling non-performing loans (NPLs) in Bangladesh has become dysfunctional, allowing wilful defaulters to exploit loopholes and delay repayment, according to a report by the task force on economic reforms...
Academia to get financial services from SEB
Southeast Bank PLC will provide innovative financial services to Academia and its students and parents, said a press release.
Wilful loan defaulters聽still enjoy protection
Wilful bank loan defaulters are still enjoying legal and regulatory protection, as authorities concerned shield them from punitive measures, allowing them to evade consequences, according to bankers.
BB to support revival of sick, defaulted cos
The Bangladesh Bank has decided to provide various policy supports to sick business firms which are under the burden of huge default loans, to revive such business again...
bKash opens 63 new service centres
To make customer service more accessible, bKash has opened 63 additional service centres, said a press release...
Standard Chartered charts path to renewable energy
Key stakeholders from government, private sector and financial institutions on Wednesday convened at a high-level roundtable hosted by Standard Chartered Bank to address challenges and opportunities in accelerating renewable energy adoption in Bangladesh.
CIB officials at Bangladesh Bank denied access to their database
Officials of the Credit Information Bureau at Bangladesh Bank have been denied access to the CIB database for over a year and a half, allegedly to conceal borrowers鈥� default loan statuses.
Depositors to get back money from weak banks soon: Mansur
Bangladesh Bank governor Ahsan H Mansur on Tuesday said that depositors of weak banks will soon get their deposits back...
Forex transactions thru cards drop in Nov
The volume of foreign currency transactions made through cards declined in November compared with that in the previous month...
Business leaders call for extension of loan repayment period
The Federation of Bangladesh Chambers of Commerce and Industry has urged Bangladesh Bank to extend the loan repayment period for defaulters from three months to nine months...
Union Bank holds audit committee meeting
The newly formed audit committee of Union Bank PLC held its 6th meeting at the bank鈥檚 head office at Gulshan-1 in Dhaka on Thursday.