Open banking, which allows sharing data among banks, financial institutions and fintech with customers’ consent, can further enable financial inclusion and easier access to financing for small and medium enterprises (SMEs), experts said today.

Dhaka Stock Exchange Managing Director Tarique Amin Bhuiyan has resigned from his position, said a top official of the prime bourse of Bangladesh today.

Standard Chartered Bangladesh was recently named “Market Leader” in Bangladesh for corporate social responsibility (CSR) in a survey key banking categories and markets by financial publication Euromoney.   

Al-Arafah Islami Bank has donated 147 computers to International Islamic University Chattogram (IIUC) as a part of its corporate social responsibility for setting up a “Computer Vision and Intelligent System Laboratory”. 

Pubali Bank has donated an ambulance and signed a memorandum of understanding with Birdem General Hospital for employees to avail a 30 per cent discount on medical services from the hospital. 

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to furnish it with loan information of South Bangla Agriculture and Commerce Bank Chairman Abdul Kadir Molla.

Social Islami Bank Limited (SIBL) has launched a three-month special campaign, styled “Asset Development Campaign”, with the aim to create awareness about quality investment and timely repayment for the socio-economic development of the country.

Meghna Bank Limited and KDA School and College have signed a memorandum of understanding (MoU), under which the lender handed over computers to the school for establishing an ICT lab on its campus.

Sonali Bank Limited yesterday paid tribute to Bangabandhu Sheikh Mujibur Rahman and his family, who were martyred on August 15, 1975, and honoured the freedom fighters who served the bank.

The Bangladesh Bank yesterday sought explanations from managing directors of six private banks citing their alleged involvement in taking advantage of the volatility in the foreign exchange market to make a super profit.

No money changer can now charge over Tk 1.5 against each US dollar while buying and selling the greenback.

The Bangladesh Bank today set the all-in-cost ceiling for short-term trade finance in foreign currencies.

The Bangladesh Bank today ordered banks to set a spread between the buying and selling rate of the US dollar in order to restore stability in the foreign exchange market.

The government today appointed new managing directors (MDs) at three state-run banks – Sonail, Agrani and Rupali.

Non-bank financial institutions in Bangladesh have been allowed to calculate their stock market exposure limit on the basis of the purchasing price of the securities they own instead of their market value.

Around 91 per cent of the small and medium enterprises (SMEs) are still unbanked although the government has allocated fund for revitalising the small entrepreneurs from the Covid-19 shocks.

Defaulted loans in the country’s banking sector hit an all-time of high of Tk 125,257 crore after end of June of this year.

Bangladesh Bank today asked six banks to transfer their treasury heads to human resource departments due to their alleged involvement in destabilising the country’s foreign exchange market.

The Bangladeshi taka has depreciated further against the US dollar, hitting Tk 95 on the interbank platform today.

This is the country’s second social loan principles (SLP)-based financing, the HSBC said in a statement.