The Bangladesh Bank today removed SM Shamsul Arefin from the post of managing director of Uttara Finance and Investments Ltd (UFIL) for his alleged involvement in financial irregularities.

Finance Minister AHM Mustafa Kamal today told the parliament that as of March this year, the amount of defaulted loans in the country was Tk 126,369 crore.

Bangladesh Bank today instructed banks to take special measures to provide priority banking services to valiant freedom fighters, old, widows and differently-abled customers.

The Bangladesh currency today depreciated further against the US dollar, hitting Tk 92.95 on the interbank platform.

The banks, MFS providers and payment service providers will have to find alternative ways to make their payment systems effective in the flood affected districts, including Sylhet, Sunamganj, Moulvibazar, Habiganj, Kishoreganj, Netrokona, Kurigram and Rangpur.

The Bangladesh Bank today said the interested candidates for the post of managing directors of non-bank financial institutions (NBFIs) have to obtain at least 20 years of working experience at banks or NBFIs.

Inflation in Bangladesh rose to 7.42 per cent in May, the highest since 2014’s May.

The Bangladesh Bank today asked banks to provide banking services to the flood-hit people through branches adjacent to the areas that are still unaffected.

Bangladesh Bank today asked banks to refrain from procuring goods and services from firms in which directors and high officials of the lenders have ownership, be it direct or indirect.

Bangladesh Bank yesterday asked banks to seriously look into and resolve complaints of clients over their financial services so that none faces further hassles. 

Bangladesh Bank today asked banks to seriously look into and resolve complaints of clients over their financial services so that none faces further hassles.

The local currency today depreciated further against the US dollar, hitting Tk 92.50 for each greenback in the interbank platform.

Islami Bank Bangladesh Ltd (IBBL) recently signed a memorandum of understanding with BRB Hospitals enabling up to 25 per cent discount at the hospital for the bank’s cardholders, officials and their family members.

Midland Bank in collaboration with Usha Foundation, a non-government organisation, disbursed a loan of Tk 1 crore, out of Tk 4.50 crore, among 40 entrepreneurs of Jamdani Cluster in Narayanganj.

Standard Chartered Saadiq Bangladesh has won an award at Digital CX Awards 2022 in the category of digital customer experience across the financial services ecosystem.

Abdur Rouf Talukder, senior secretary of the finance division, has been appointed as the governor of Bangladesh Bank.

The local currency today appreciated Tk 0.50 to Tk 91.5 against the US dollar at the interbank platform after facing a consistent slide in the last couple of months.

City Bank’s credit ratings have recently been upgraded by the Credit Rating Agency of Bangladesh, the long term from AA2 to AA1 and the short term from ST-2 to ST-1.

The local currency today depreciated further against the US dollar, hitting Tk 92 against each green back in the interbank platform.

The Bangladesh Bank today asked non-bank financial institutions (NBFIs) not to write off default loans swindled by scammers.