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.

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.