SM Amjad Hossain, chairman of South Bangla Agriculture and Commerce Bank, has expressed his intention to resign, citing illness.

The Bangladesh Bank yesterday unveiled a guideline on non-banking assets to allow lenders to deal with the properties put up as collateral after borrowers default. 

The Bangladesh Bank today unveiled a guideline on non-banking assets to allow lenders to deal with the properties put up as collateral after borrowers default.

First Security Islami Bank has decided to increase its paid-up capital through issuing rights shares at a ratio of 1:2 meaning one right share for every two ordinary shares.

The HSBC has signed a memorandum of understanding (MOU) with Independent University, Bangladesh (IUB) to assist students planning for overseas education.

Bangladesh Bank (BB) yesterday asked banks to reappoint bankers who were sacked without any specific and proven charges.

Bangladesh Bank yesterday fined NRB Bank Tk 49.50 lakh for breaching securities rules by buying the shares of Pioneer Insurance beyond the investment ceiling.

Bangladesh Bank (BB) today asked banks to reappoint bankers who were sacked without any specific and proven charges.

In a bid to bring about discipline in the rescheduling of loans by non-bank financial institutions (NBFIs), Bangladesh Bank has announced that these institutions cannot reschedule one loan more than three times.

Banks and non-banks are increasingly introducing contactless credit cards in Bangladesh as the tap-and-pay technology allows users to make payments digitally and avoid close contact with the staff of stores during in-person purchases.

In a bid to bring about discipline in the rescheduling of loans by non-bank financial institutions (NBFIs), Bangladesh Bank has announced that these institutions cannot reschedule a loan more than three times.

Mastercard yesterday concluded its spend and win campaign “The Grand Escape” with a virtual award ceremony in Dhaka. 

Bangladesh Bank yesterday unveiled a fresh Tk 3,000 crore refinance scheme to provide low-cost loans to farmers with a view to supporting farm production amid the coronavirus pandemic.

Bangladesh’s top trade body yesterday urged banks to take actions against the wilful loan defaulters to bring down the amount of bad loans.

Business leaders today urged the commercial banks to ease the process to get loans from the government's stimulus package launched to help people recover the losses caused by the pandemic.

The South Bangla Agriculture and Commerce (SBAC) Bank has decided to establish two subsidiaries to venture into merchant banking and asset management.

Deposits at banks saw remarkable growth last fiscal year as the coronavirus-linked uncertainty compelled people to cut non-essential expenses and save more, while lending growth shrank slightly due to business slowdown.

Mastercard and Brac Bank yesterday launched a “Mastercard Tara World” credit card in Bangladesh. 

Nafees Khundker has recently been appointed director of Bank Asia Ltd.  He is also one of the sponsors of the bank, a press release said.

The South Bangla Agriculture and Commerce (SBAC) Bank has decided to launch two subsidiary companies to foray into merchant banking and asset management business.