Selim RF Hussain, managing director and CEO of BRAC Bank PLC, emphasised that the availability of foreign exchange liquidity through offshore banking enhances the efficiency of foreign trade financing, leading to cost-effective and greater economic efficiency...
Offshore banking in Bangladesh has evolved significantly since 1985, with loans totalling nearly $7 billion. However, regulatory support remains crucial for sustaining this growth, according to Shams Abdullah Muhaimin, deputy managing director of Prime Bank...
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...
Businesses on Thursday said that the country鈥檚 business situation was gradually improving, but issues such as smooth logistics, banking services and security in...
Speakers in a discussion on Wednesday demanded a revamp of the constitution to plug loopholes preventing any dictators from rising in future...
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...
Approximately Tk 92,261 crore has been embezzled in 24 major banking scandals between 2008 and 2023, according to think tank Centre for Policy Dialogue.
A CLASH between two groups of employees of Islami Bank on August 11 and reported tension in some other banks and financial institutions demand early attention of the authorities. At least six Islami Bank employees were injured as unnamed attackers fired into them. The clash erupted when the bankers appointed before 2017, when the S Alam Group with the...
The immediate challenge for the proposed interim government will be restoring the economy suffering heavy disruption over the student-led mass protests culminated in the fall of the Sheikh Hasina-led government...
The weighted average interest rate spread in Bangladesh鈥檚 banking sector surged to 5.86 in May, the highest since 2008...
The government borrowed Tk 94,281 crore from the country鈥檚 banking system in the financial year 2023-24 while its revised target for the borrowing for the period was Tk聽1,55,935 crore...
Internet-based financial services, including online banking and mobile financial services, collapsed as internet services were suddenly shut down on Thursday.
The Bangladesh Bank on Tuesday issued rules on external audit of banks with the aim of strengthening financial governance, transparency and accountability in the country鈥檚 banking sector...
The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has been honoured with the 鈥楤est Sub Custodian of the Year鈥� recognition at The Asset Triple A Sustainable Investing Awards 2024, according to a press release...
The Bangladesh Bank on Monday introduced an exit policy for loan defaulters after its various efforts to curb the rising tide of bad loans in the country鈥檚 banking sector...
The amount of cash held outside the country鈥檚 banks increased for the seventh consecutive month in May amid low confidence of depositors in the banking sector and...
Foreign Minister Hasan Mahmud on Sunday said that Bangladesh would discuss financial sector cooperation with the Kingdom of Saudi Arabia, focusing on attracting deposits from Saudi companies into offshore banking accounts....
A Dhaka court on Wednesday rejected a suit filed by First Finance Limited, a non-banking financial institution, against its former additional managing director Tuhin Reza for realisation money of Tk 18.50 lakh, he allegedly approved, as advanced withdrawal...
The amount of internet banking transactions in Bangladesh has doubled over the past year, reflecting an increase in adoption of digital financial technologies...
The amount of private sector short-term foreign loans increased in April, as businesses turned to overseas loans considering rising interest rates and liquidity crunch in the...
Economist Ahsan H Mansur on Wednesday said that the country鈥檚 economy would collapse if a strategy for restructuring the ailing banking sector was not taken straightaway...
The amount of cash held outside the country鈥檚 banks increased for the fifth consecutive month in April amid low confidence of depositors in the banking sector and inflationary pressures....
G7 finance ministers urged Israel Saturday not to disrupt 鈥榲ital financial transactions鈥� in the occupied Palestinian territories, following indications it could cut off Palestinian banks...
Loan disbursements through agent banking soared by 41.27 per cent against 16.52 per cent growth in deposit collection in the January-March period of 2024 compared with...
THE much-talked-about draft Offshore Banking Act 2024 was placed in parliament and finally promulgated by the government on March 14, 2024. This act aims to boost our foreign currency reserves and attract more foreign investments from foreign firms registered abroad...
WHEN the banking sector is mired in a horde of problems 鈥� the absence of democratic governance that has encouraged corruption and irregularities, a soaring amount of bad loans that has weakened the economy and an absence of political will that has stopped a way out of the trouble...
Bangladesh government has earned over Tk聽14 crore in revenue from the mobile banking service Nagad without any investment in any form, according to Junaid Ahmed Palak. More than Tk聽5 crore has been received in the current fiscal year alone...
Loan disbursements from Shariah-based banks have significantly increased despite a sharp decline in deposit collection in December and January...
Hongkong and Shanghai Banking Corporation Limited in Bangladesh organised an event on Sunday titled 鈥楬SBC Economic Outlook: A Perspective on Bangladesh鈥� highlighting the latest global and Asian market developments and sharing a perspective on Bangladesh...
