The central bank yesterday issued a notice that mandated domestic card transactions with its national payment switch, which is yet to be EMV-compliant and remains vulnerable to fraud.

Japan, a pioneer in mobile “e-wallet” payments in 2004, has, ironically, since become a serious laggard on this front. Less than 20 percent of the payments are cashless, in the country.

Standard Chartered Bank's history in Bangladesh dates back to 1905. For 112 years the bank remained open for business and stood a

Private banks yesterday donated Tk 85 crore to the Prime Minister's Relief Fund for rehabilitation of flood-hit people as part of their corporate social responsibility activities.

Bangladesh Bank has relaxed its loan rescheduling rules and suspended loan recovery for six months for the farmers and small

Corporate executives and businessmen quite often get stupefied with phone calls from banks selling credit cards.

Credit card: two words the mention of which turn many into full-blown cynics.

An updated guideline on credit card operations, resetting of the highest interest rate, provisioning requirement for default loans and the doubling of the credit limit will not only boost expansion of the electronic payment method but also speed up the digital transformation, said industry players.

Bangladesh's economy is driven by a flurry of activity in two of its major cities -- Dhaka and Chittagong -- one the political and administrative capital and the other the commercial capital.

The banking sector's provisioning shortfall went up 18.33 percent in the second quarter of 2017 from a year earlier thanks to high default loans at state banks.

The central bank has cut the banks' cost for loans for credit card usage with a view to encouraging digital transaction in the economy.

Bangladesh has an excess number of banks at present, which has given rise to unhealthy competition, said Ali Reza Iftekhar, managing director of Eastern Bank Limited.

City Bank has recently completed the process of issuing coupon bearing subordinated bonds worth Tk 500 crore in Bangladesh, the bank yesterday said in a statement.

MTB Unit Fund has declared 13 percent cash dividend for the unit holders for fiscal 2016-17. The announcement came at a meeting of the trustee committee of the MTB Unit Fund in Dhaka on Monday.

Ahsan Afzal has recently joined United Commercial Bank as additional managing director, the bank yesterday said in a press release.

The government may amend the electoral rules of microcredit lender Grameen Bank so that it can pick nine directors from the borrowers by itself -- like it has done since its inception.

The finance ministry has moved to make changes to the Banking Companies Act 1991 that would strengthen the grip of families on private banks.

Brac Bank has diversified its SME financing by branching out across the country to maintain its market-leading position in the segment, its chief executive said yesterday.

Mohammed Shawkat Jamil has recently been promoted as the additional managing director of United Commercial Bank, the bank yesterday said in a statement.

Md Nurun Newaz Salim has recently been elected as the chairman of NCC Bank Ltd, the bank yesterday said in a statement.