Bangladesh Bank today urged the Department of Cooperatives to take measures against illegal banking activities carried out by several cooperative societies.

Bangladesh Bank today said exporters can now retain value-added amount of export proceeds in US dollars for 30 days instead of 15 days.

Bangladesh Bank today asked banks to suspend their evening banking operation in order to reduce electricity consumption as part of the government’s austerity measures.

The Bangladesh Financial Intelligence Unit (BFIU) today asked banks to provide detailed information of accounts and transactions of Tabith M Awal along with three of his family members.

Bangladesh Bank today asked banks to reduce use of electricity and energy as part of the austerity measures taken by the government to contain the volatility in the foreign exchange market.

The central bank yesterday relaxed the rules on credit rescheduling and restructuring for the borrowers who have defaulted on the repayments of loans with non-bank financial institutions (NBFIs). 

Bangladesh Bank yesterday asked 27 banks to explain why they had allowed their credit card holders to spend dollars breaching a ceiling set by the foreign exchange rules. 

The Bangladesh Bank today asked 27 banks to explain why they had allowed their credit cardholders to spend dollars breaching the stipulated ceiling set by the foreign exchange rules.

The central bank yesterday relaxed the rules on credit rescheduling and restructuring for the borrowers who have defaulted on the repayments of loans with non-bank financial institutions (NBFIs).

The board of directors of export-oriented Envoy Textiles has been temporarily reconstituted until the disposal of a case filed by Abdus Salam Murshedy, former managing director and one of the founders of the company, along with some other directors, as per a High Court order issued last month.

Bangladesh’s remittance earnings crossed the $2-billion mark for the second consecutive month in August.

Punitive actions will be taken against people who have hoarded US dollars illegally, the Bangladesh Bank said today.

Al-Arafah Islami Bank gets approval to raise a fund of Tk 500 crore through issuing non-convertible, floating rate, fourth mudaraba subordinated bond.

Brac Bank has become the first bank in Bangladesh to introduce a toll-free number at call centres.

Islami Bank Bangladesh Ltd won the top performing banking award in sustainability rating by the Bangladesh Institute of Bank Management (BIBM) on Sunday.

Md Murshedul Kabir has joined Agrani Bank Ltd in the post of managing director (MD) and chief executive officer on Sunday.

IFIC Bank has decided to issue a Tk 500-crore non-convertible coupon bearing subordinated bond. 

Mohammad Jahangir has joined Rupali Bank in the post of managing director and chief executive officer yesterday.

Md Afzal Karim joined Sonali Bank Limited in the post of chief executive officer and managing director yesterday.

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.