Bangladesh Bank has decided to appoint observers at the Islami Bank Bangladesh Ltd (IBBL) and First Security Islami Bank (FSIBL), said a top official of the central bank.

Bangladesh Bank has come up with a new arrangement named “Islamic Bank Liquidity Facility”, under which the country’s shariah-based banks can now take short-term loan, a first of its kind in the banking sector.

Shahjalal Islami Bank yesterday awarded scholarships to 500 meritorious students from around the country who are financially insolvent. 

The Bangladesh Securities and Exchange Commission (BSEC) has rejected Bay Leasing & Investment Limited’s plan to award a 5 per cent stock dividend for the year that ended on December 31.

The Cabinet today directed the authorities concerned to verify the accuracy of the videos and news seen on social media and newspapers about the current situation in the banking sector.

The Bangladesh Bank has found seven counterfeit notes of Tk 500 denomination in the vault of a branch of Jamuna Bank in Sherpur upazila of Bogura.

Islami Bank Bangladesh has been the “Strongest Bank in Bangladesh” and the “Strongest Islamic bank in Bangladesh” in 2022 according to Singapore-based banking and financial intelligence platform The Asian Banker. 

Prime Bank recently signed an agreement with Ananta Group to provide a digital nano financing solution to factory workers through a new app, “PrimeAgrim”. 

Three new directors have been elected to the board of Meghna Bank.

Banks will be able to get back a majority of loans from a Bangladesh Bank credit guarantee scheme (CGS) if borrowers default on loans taken from a small and medium-sized enterprises (SME) refinance scheme of Tk 25,000 crore.

Bangladesh Bank yesterday asked private banks to speed up their farm loan disbursements to enhance the country’s food security.

Jamuna Bank Limited has received approval from the Bangladesh Bank to establish an exchange house in Spain.

Jamuna Bank Limited has received approval from the Bangladesh Bank to establish an exchange house in Spain.

The Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh jointly with Bangladesh Bank and National Board of Revenue (NBR) has opened up new opportunities for its clients through enabling online statutory payments (value-added tax (VAT), VAT deduction at source, duty) and paperless trade.

Meghna Bank won the International Organization for Standardization (ISO) certificate from British Standards Institution (BSI) on fulfilling standards requirements for Information Security Management Systems.

Mercantile Bank recently signed an agreement with Chattogram Water Supply and Sewerage Authority enabling the bank to collect the water and sewerage bill of Chattogram Wasa through online banking.

Bangladesh Bank today formed a Tk 5,000 crore refinance scheme to ensure food security in the country as the banking regulator thinks the world might face a food crisis in the days to come.

Bangladesh Bank today extended the deferral support for another six months to settle the import orders of industrial raw materials, agricultural equipment and chemical fertilisers.

The Bangladesh Bank today asked banks to provide freelancers with encashment certificates through mobile financial service (MFS) providers so that they can submit the document at the time of income tax payment.

Singaporean bank DBS today announced that it will be expanding its regional footprint with the establishment of a representative office in Dhaka.