Bangladesh Bank today said that borrowers would be able to avoid default zone by repaying 20 per cent of their loan instalments till June.

Banks will remain open from 10am to 3.30pm during the upcoming countrywide lockdown starting from July 1.

The Credit Rating Agency of Bangladesh has upgraded the rating of Modhumoti Bank to “A1”, to be effective till June 30, 2022, based on its financial statements as of December 31, 2020. Last year it was “A2”, says a press release.

The Credit Rating Agency of Bangladesh (CRAB) has upgraded long term credit rating of Midland Bank to “A1” based on financial statements as of December 31, 2020, whereas it was “A2” last year.

Following suit of Brac Bank, Bank Asia and Dhaka Bank, local banking financial institution City Bank also cancelled card transactions with e-commerce platforms today.

E-commerce marketplace Evaly has welcomed the commerce ministry's today's decision of clearing payments to the local e-commerce companies once the goods are delivered to the buyers.

Dhaka Bank has joined the foray of cancelling card based transactions with 10 e-commerce platforms, including Evaly and Alesha Mart, according to text messages sent by the private bank to its clients today.

Bank Asia yesterday notify its customers that transactions through the banks cards with 10 e-commerce platforms will remain suspended for the time being.

Brac Bank has partnered with five new exchange companies to channel wage earners’ remittance through its countrywide network.

Asian Development Bank (ADB) is providing a loan of $250 million to Bangladesh to help its finance reforms aimed at improving the inclusiveness and responsiveness of the country’s social development and resilience programmes.

Eight years ago, Midland Bank Ltd set out with a vision to become a bank for the masses riding on technology and reaching the unbanked in the hinterland.

Four years ago, there was a lot of buzz around cryptocurrencies, primarily due to the enormous success of bitcoin. The peak value of bitcoin was staggeringly high at that time—several times the per capita economic output of Bangladesh.

The ICT Division will likely commence an IT audit on banks next month to measure their capability to thwart cyberattacks as growing digitalisation and remote working arrangements have augmented the financial sector’s exposure to online crimes.

The central bank yesterday drew up a detailed guideline on post-import financing (PIF) to end the misuse of loans extended to pay for imported goods and bring discipline in the foreign exchange regime in the banking industry.

Standard Chartered and Channel i have jointly announced the launch of Standard Chartered - Channel i Agrow Award 2021.

Bangladesh Bank today drew up a detailed policy guideline on post import financing (PIF), a first of its kind in the country’s banking sector.

The central bank today lowered charges on the deposits and loans, bringing an end to the excessive fees and commissions levied by many banks on customers.

Bangladesh Bank today asked banks to disburse among women at least 25 per cent of the Tk 3,000 crore stimulus fund, which is dedicated to farmers, underprivileged women, professionals and micro enterprises.

Uttara Bank recently witnessed the appointment of a new vice chairman of its Board of Directors.

Bangladesh Bank has instructed banks to keep their doors open for customers from 10:00am to 3:00pm until June 16.