A new law allows the architects of Bangladesh’s banking crisis to buy their way back in

From now on, interest rates will no longer be determined solely based on banks’ quoted rates

It said such non-compliance is disrupting smooth cash transactions in the market

Islami Bank Bangladesh PLC has placed its Managing Director Md Omar Faruk Khan on leave for more than one and a half months.

The newly enacted Bank Resolution Act, 2026, paves the way for former owners to regain control of merging banks under relatively easy terms, a move seen as a reversal of the interim government’s banking reform.

The aim is to ensure continued financing support for export-oriented industries amid persistent global economic uncertainty

Usable reserves stood at $29.81 billion on April 2

The BB governor recently met with leading shariah scholars to discuss the current state, challenges, and future reforms of Islamic banking in Bangladesh

The Bangladesh Bank chief gave the assurance in a meeting with business leaders

However, bank branches, sub-branches, and booths located in sea, land, and airport port areas will continue to operate 24/7 as per existing directives

Bangla QR is Bangladesh’s interoperable national quick response (QR) payment standard introduced by Bangladesh Bank.

Non-compliant institutions may face fines of up to Tk 30 lakh, imprisonment for up to three years, or both

The bank celebrates its 13th anniversary

Bangladesh’s tax system has traditionally been based on the principle of progressive taxation—an equitable framework where higher-income individuals contribute proportionately more, enabling the state to finance public welfare.

The shareholders of Bank Alfalah gave go-ahead to the acquisition on March 26

Under the directive, each bank must establish a full-fledged unit supervised by a deputy managing director or an equivalent official linked to payment system operations

He was appointed to the bank’s reconstituted board in August 2024

He was appointed the first chairman of the newly formed bank on December 7 last year

The Bangladesh Bank (BB) has raised the maximum credit card loan limit for individuals to Tk 40 lakh from Tk 25 lakh

The bank has only one sponsor shareholder—the Army Welfare Trust