Md Mehedi Hasan

Authorities have stepped up efforts to recover assets worth $2.5 billion allegedly siphoned abroad by 42 major loan defaulters, in addition to those identified in 11 priority cases.

People will soon be able to borrow digitally from banks to pay utility bills and top up their mobile phones. The interest-free loans, ranging from Tk 50 to Tk 5,000, will have to be repaid within 30 days.

Borrowers to repay within 30 days; banks may charge service fee

Central bank officials said the June figure was the weakest since 1993

Factories run below capacity while new plants await gas, casting doubt over investment, employment

Artificial intelligence is helping banks and financial institutions understand customers, manage risks and make faster decisions

Bangladesh Bank yesterday cut its key policy interest rate by 50 basis points to 9.5 percent after keeping it unchanged for nearly two years, marking its first monetary easing in six years.

The minimum Merchant Discount Rate (MDR) -- the fee merchants pay on each Bangla QR transaction -- is discouraging adoption of the interoperable payment platform, industry insiders say, even after Bangladesh Bank made it mandatory from July 1.