Banks with surplus funds in Bangladesh are increasingly preferring government securities to lending to the private sector as the former gives higher yields amid the continued interest rate cap.   

Bangladesh Bank recently took a set of initiatives to bring about an effective floating exchange rate, meaning that which will rise or fall based on supply and demand, to bring back stability in the foreign exchange market. 

Mercantile Bank Ltd won South Asian Business Excellence Award-2022 as the “Best Bank in the Private Sector” by South Asian Partnership Summit. 

The Bangladesh Bank has served show-cause notices on a good number of officials, asking them to explain how could media outlets published reports based on the central bank's findings on several banking scams.

The six banks are Standard Chartered Bangladesh, Brac Bank, Dutch-Bangla Bank, The City Bank, Southeast Bank and Prime Bank.

The stock market regulator will investigate whether Bay Leasing and Investment has used unfair means while preparing its financial report as the company’s earnings swung significantly in 2021.

Bangladesh’s foreign exchange reserves today dipped below $37 billion due to high import payments against the slower than expected export earnings.

Scam-hit International Leasing Financial Services Ltd (ILFSL) has decided to offer shares of the company against its deposit and loan payments as part of its effort to revive the company.

Midland Bank gets nod to raise Tk 70 crore through issuing seven crore ordinary shares in an initial public offering (IPO).

Loan disbursement by non-bank financial institutions (NBFIs) surged 46 per cent year-on-year in the April-June quarter thanks to a recovery in demand after the reopening of the economy in the second half of last year.

Bangladesh Bank has once again asked all to refrain from doing trading of any kind of virtual coin or cryptocurrency in the country.

Bangladeshi banks can now maintain account in Chinese Yuan Renminbi (CNY) with their correspondent lenders or branches abroad to help local businesses settle foreign trade with that currency.

Businesses can now repay their loans taken from the Export Development Fund (EDF) in three instalments.

Bangladesh Immigration Police has barred FAS Finance and Investment’s former managing director, Pritish Kumar Sarker, from leaving the country because of his alleged involvement in financial scams.

Eastern Bank is going to issue a non-convertible unsecured floating rate fully-redeemable subordinated bond worth Tk 500 crore.

Bangladesh has to explore and formulate a long-term plan to overcome possible difficulties and trade challenges past the United Nations status graduation from a least developed to a developing country, said experts at a discussion. 

The Bangladeshi taka today depreciated against the US dollar, hitting Tk 96 on the interbank platform after the Bangladesh Bank had decided last week to allow the market forces to set the exchange rate of the local currency.

Muhammad Saifullah has been elected chairman of the shariah supervisory committee of Standard Bank at the 363rd meeting of the board recently.

National Bank Ltd has decided to raise $100 million by issuing foreign currency-denominated subordinated bonds in order to strengthen its capital base under Basel Ill guidelines. 

The 59th Foundation Training Course for the business officers of Channel Banking Division of Bank Asia has been completed recently.