Remittances through agent banking rises to Tk 1,73,390cr
Disbursement amount of inward remittances through agent banking rose 21.16 per cent to Tk聽1,73,390.72 crore at the end of December 2024.
Tags : banking
Banks in Bangladesh face Tk 1 lakh cr provision shortfall
The banking sector鈥檚 provision shortfall crossed Tk 1 lakh crore for the first time in December 2024, marking a staggering 337 per cent growth in just six months due to increased distressed assets in banks, especially in private commercial ones...
Prime Bank launches Sadaqah Jariyah account
Prime Bank PLC has launched 鈥楽adaqah Jariyah鈥� account, a new Islamic banking product that will allow customers to donate to charitable causes continuously, said a press release...
BB to ensure 50pc women staff in agent banking: governor
Bangladesh Bank governor Ahsan H Mansur on Tuesday said that the central bank would soon issue a circular ensuring that 50 per cent workforce of the agent banks would be women...
Nexus Sweater uses Payroll Banking of Southeast Bank
Southeast Bank PLC has signed a memorandum of understanding recently with NEXUS Group for providing workers鈥� wages and other banking services...
Islamic banks鈥� liquidity surges amid BB bailout
Excess liquidity in Islamic banks surged by Tk 9,272 crore in December compared to September 2024, mainly due to the Bangladesh Bank鈥檚 massive bailout to crisis-hit shariah-based banks...
Default loans hit record Tk 3.45 lakh crore
The volume of non-performing loans in the country鈥檚 banking sector has skyrocketed by Tk聽2 lakh crore in just one year, reaching a staggering Tk聽3.45 lakh crore at the end of December 2024...
Lending, deposit through agent banking surge
Lending and deposit collection through banks鈥� agent banking outlets advanced in October-December period of 2024 compared with that in the same period of the previous year...
Banks鈥� excess liquidity hits Tk 2.15 lakh crore in December
Excess liquidity in the county鈥檚 banking sector soared in December as depositors returned their money in banks as confidence crisis had appeared to be eased.
Bank deposits surge by Tk 35,743cr in Oct-Dec
Deposits in the country鈥檚 banking sector increased by about Tk 35,743 crore in the three months ending in December 2024, indicating a gradual recovery of depositors鈥� confidence...
Agrani Bank hosts seminar on risk management in banking
Agrani Bank PLC organised a seminar titled 鈥楢wareness about Risk Management in Banks鈥� at its training institute in the capital...
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...
Beximco incurs losses amid banking crisis, factory halt
The Bangladesh Export Import Company Limited incurred a loss of Tk 243 crore in the second quarter (October-December) of the financial year 2024-25, losing Tk 2.58 per share....
Meghna Bank PLC holds corporate banking conference
Meghna Bank PLC hosted corporate banking conference titled 鈥楧riving Excellence - Corporate Banking Performance 2024 and Future Strategies鈥� at Lakeshore Heights Hotel in the capital Dhaka on January 23, said a press release...
MBPLC holds knowledge sharing session on Shariah banking
Mercantile Bank PLC organised a daylong session titled 鈥楰nowledge Sharing on Shari鈥檃h Banking: an Interactive Session鈥� at Fars Hotel in the capital Dhaka on Saturday, said a press release...
PBPLC opens Islamic banking corner at Khamarbari branch
Pubali Bank PLC on Wednesday inaugurated Islamic banking corner at its Khamarbari branch in the capital Dhaka, said a press release...
BRAC Bank to provide EB services to Bastob
BRAC Bank has partnered with Bastob to provide the latter with exclusive employee banking, or EB, services, said a press release...
Rebranded MTB Neo launched
Mutual Trust Bank PLC on Sunday announced the name of its rebranded internet banking platform, now called MTB Neo, said a press release...
BRAC Bank partners with Intercloud to provide employee banking services
BRAC Bank recently partnered with Intercloud Limited to provide exclusive employee banking services, according to a press release...
Lending-deposit rate gap above 5pc for 10 months
The weighted average interest rate gap between deposit and lending rate in banking sector remained above 5 per cent for the past 10 consecutive months, depriving depositors of significant interest earnings...
Pubali Bank chair stresses following BB rules
Pubali Bank PLC chairman Monzurur Rahman on Thursday instructed the bank鈥檚 officials to conduct banking operations by following rules and regulations of the Bangladesh Bank and the regulatory body, said a press release...
NBL upgrades its CBS to Temenos Release 22
National Bank Limited has recently completed migration to a upgraded core banking system called Temenos Release 22, said聽 a press release...
BB appoints EY, KPMG to audit 6 troubled banks
The Bangladesh Bank has enlisted global auditing firms Ernst & Young (EY) and KPMG to evaluate the asset quality of six banks currently mired in financial irregularities and corruption. The audit, funded by the Asian Development Bank, is part of efforts to restore transparency and accountability in the banking sector...
Pvt sector credit growth plunges to 7.66pc
Private sector credit growth in Bangladesh fell sharply to 7.66 per cent in November, the lowest in 41 months, intensifying challenges in the banking sector and the broader economy...
Southeast Bank holds agent banking confce
Southeast Bank PLC organised the 鈥楢nnual Agent Banking Conference 2025鈥� at the bank鈥檚 head office on Saturday inaugurated by its chairman MA Kashem...
Looking back 2024:聽Bank sector ills exposed, reforms yet to gain pace
The banking sector鈥檚 deep-rooted challenges, systemic corruption and years of unchecked scams driven by political exploitation were exposed after the August 5 political change and the revelations prompted the...
Information center for financial, social data in the offing: Salehuddin
Finance adviser Dr Salehuddin Ahmed has announced that the interim government is working to establish a centralised information hub for financial and social data, aiming to enable investors to access all necessary information with a single click....
Islamic banks鈥� deposits go down by Tk 11,781cr
Deposits at Shariah-based banks in Bangladesh dropped by Tk 11,781 crore, leading to a negative liquidity position of around Tk 2,000 crore in September, as public confidence plummeted following widespread loan scandals and irregularities...
Bangladesh Bank drafting separate rules for Islamic banking
Bangladesh Bank is drafting separate rules to regulate the Islamic banking system in the country, a move that has stirred mixed reactions among bankers and analysts...
RMG makers facing banking challenges: study
The country鈥檚 apparel makers are facing significant challenges in banking processes, particularly with issues related to raw material imports and export proceeds receipts, according to a study...