Bangladesh Bank reshapes boards of Union, Global Islami, UCB聽 banks
Bangladesh Bank on Tuesday dissolved the boards of Union Bank, Global Islami Bank, and United Commercial Bank, replacing them with independent directors.
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Mintoo elected NBL chair
Abdul Awal Mintoo has been elected chairman of National Bank Limited during the bank鈥檚 505th board meeting held on Thursday, said a press release.
BB suspends Nagad Digital Bank license
The Bangladesh Bank governor Ahsan H Mansur on Thursday said that the digital banking license for Nagad Digital Bank PLC was suspended and the central bank would review the process...
Switzerland moves towards cashless future with instant payments
Switzerland鈥檚 new instant payment system will bolster the future of cashless payments in the country, the Swiss central bank said Wednesday after the scheme went live...
BB dissolves NBL board, appoints 7 new directors including Abdul Awal Mintoo
The Bangladesh Bank has dissolved the board of the troubled National Bank for the third time and appointed seven new directors, including Abdul Awal Mintoo, a shareholder of the bank, to the board...
BB seeks Nagad Digital Bank鈥檚 5 foreign shareholders info
Bangladesh Bank has requested the foreign ministry to provide information of five foreign sponsor shareholders of Nagad Digital Bank PLC...
Govt, central bank must put banking sector in order
The banking sector is in a bad shape as massive irregularities gripped most banks and non-bank financial institutions in 15 years. The sector ran, as the Centre for Policy Dialogue says, beyond regulatory control while the central bank favoured certain individuals and groups. The think tank says that Tk 92,261 crore was embezzled in 24 major banking scams...
Overhaul of BFIU, ACC, CID, NBR is indispensable: TIB
Despite substantial evidence of undeclared assets belonging to former land minister Saifuzzaman Chowdhury Javed and his wife Rukhmila Zaman Chowdhury, the authorities concerned had failed to take action for an extended period....
US inflation still 鈥榰ncomfortably鈥� high: Fed official
US inflation remains 鈥榰ncomfortably鈥� above the Federal Reserve鈥檚 target despite the progress it has made in recent months, a senior bank official said Saturday...
LC opening rises slightly in FY24
The opening of letter of credit (LC) for imports increased in the financial year 2023-24 compared with that of in the year 2022-23 despite the central bank鈥檚 restrictive measures and a dollar crisis on the market...
Australian central bank rules out near term rate cut
Australia鈥檚 central bank held interest rates steady at a 12-year high Tuesday and warned that a cut is 鈥榥ot on the agenda鈥� as it battles stubbornly high inflation...
Rate on treasury bonds hits record 12.8 per cent
The interest rates on government treasury bonds surged to near 12.8 per cent in June due to the central bank鈥檚 contractionary monetary policy stance...
TIB condemns govt鈥檚 use of fake narratives
Transparency International Bangladesh released a statement on Friday condemning the forced withdrawal of the quota reform movement by six coordinators through a video message...
MTB gets Euromoney recognition
Mutual Trust Bank PLC has been named the 鈥楤est digital bank in Bangladesh鈥� for 2024 by Euromoney, said a press release...
Russian central bank hikes key rate to fight inflation
Russia鈥檚 central bank raised its key interest to 18 per cent on Friday, the sixth hike in just over a year as it seeks to tame soaring price rises.
Loss of lives highlights governance failures: TIB
The recent repression of the students鈥� quota reformation movement for government jobs, coupled with unprecedented deaths and destruction, highlights severe...
TIB for stopping repressive measures against students
Transparency International Bangladesh on Thursday called upon the government to immediately stop repressive measures against students and announce acceptance of all their legitimate demands...
Banks partially reopen, see cash withdrawal rush
Some branches of the country鈥檚 commercial banks reopened on Wednesday as the government relaxed the ongoing curfew, allowing offices to keep open from 11:00am to 3:00pm...
MTB named most innovative digital bank by Int鈥檒 Finance
Mutual Trust Bank PLC has been named 鈥楳ost Innovative Digital Bank 鈥� Bangladesh 2024鈥� by International Finance, said a press release....
Akash Digital TV launches new DTH HD platform
Akash Digital TV, Bangladesh鈥檚 only DTH Pay TV operator, owned by Beximco Communications Limited, announced the launch of a new DTH HD platform together with a pioneering Akash Go Companion App along with My Akash Self Care App that would shape the future for world class media and entertainment and transform the TV viewing and user experiences and access to premium content in Bangladesh, said a press release on Tuesday...
Kind govt reaction needed to Lanka economic distress
WITH less than a month before presidential elections are called, president Ranil Wickremesinghe has highlighted the success of his presidency as rescuing Sri Lanka from its international bankruptcy status that prevents it from doing business with the rest of the world. The signing of the agreement on international debt restructuring for...
Bangladesh鈥檚 int鈥檒 reserves over $16b: BB
Bangladesh Bank on Tuesday confirmed that the country鈥檚 international reserves have now surpassed $16 billion, with gross reserves totalling around $26 billion....
Govt must overhaul Cyber Security Act and then redraft rules
THE observations that Transparency International Bangladesh has made on the Cyber Security Rules 2004 鈥� consequent on the Cyber Security Act 2003 passed in September 2023 鈥� suggest that the government has not made the course correction that it needed even after repeated criticism of the law by the well-meaning section of society...
Proposed Cyber Security Rules a weapon to control rights, says TIB
Transparency International Bangladesh executive director Iftekharuzzaman expressed concern on Thursday about the proposed Cyber Security Rules 2024 saying that...
BB to allow firms for credit scoring of borrowers
The Bangladesh Bank has decided to allow companies to form 鈥榗redit bureaus鈥� for credit reporting and scoring on individuals and businesses by analysing borrowers鈥� credit histories and repayment capacities...
Court accepts charges against PK Halder
The Dhaka Metropolitan Senior Special Judge鈥檚 Court on Monday accepted a charge sheet against former NRB Global Bank managing director Proshanta Kumar Halder, also known as...
Candidates鈥� income rises up to 31,900pc
The income and assets of the candidates participated in the upazila elections and their dependents as well saw a staggering increase in the past five years, said...
Provision to legalise undisclosed money unethical: TIB
Transparency International Bangladesh in a statement on Thursday expressed its shock and disappointment over an 鈥榰nethical鈥� provision in the proposed budget allowing people to legalise undisclosed money...
Compensation for victims of Benazir鈥檚 corruption sought
Transparency International Bangladesh on Monday demanded fair compensation for the individuals who were coerced by former police chief Benazir Ahmed into selling their land...
EC must now investigate wealth mismatch of candidates
TRANSPARENCY International Bangladesh has earlier made public its findings form the analysis it carried out on the affidavits that the candidates submitted to the Election Commission running in both the national and local government elections...
