The Bangladesh Bank today relaxed its term loan repayment policy for non-bank financial institutions (NBFIs), days after it extended more time to the borrowers of banks to pay back loans.

United Commercial Bank won an award in “Excellence in Automation – Bangladesh” at a 4th edition of UiPath Automation Excellence Awards 2022 organised by UiPath Business Automation Platform in association with The Economic Times. 

Brac Bank has signed an agreement with the country’s private airline, US-Bangla Airlines, over a payment gateway service that will enable the latter to accept payments for ticket purchases by travellers holding VISA and MasterCard through its official website and mobile app.

Bangladesh Bank has extended the period meant for banks to make adjustments to their overexposure in the stock market in a bid to give relief amid existing bearish trends.

South Bangla Agriculture & Commerce (SBAC) Bank has recently appointed a deputy managing director.  

The International Finance Corporation (IFC) is providing a $32.5 million loan to Agrocorp International Pte Ltd, a Singapore-based company that supplies wheat and pulses to Bangladesh, in order to improve food security in the South Asian country.

Bangladesh Bank yesterday re-appointed an observer at Islami Bank and dispatched an observer for the first time at First Security Islami Bank (FSIBL) -- the two Shariah-based lenders where Chattogram-based business giant S Alam Group has significant stakes.

Sonali Bank has appointed a deputy managing director (DMD) recently. 

Bangladesh Bank yesterday rolled out a Tk 5,000 crore refinance scheme to help borrowers procure environment-friendly capital machinery.

Two shariah-based banks yesterday borrowed Tk 1,250 crore more under a Bangladesh Bank’s arrangement named “Islamic Bank Liquidity Facility” (IBLF).

Bangladesh Bank has come up with a new arrangement named “Islamic Bank Liquidity Facility”, under which the country’s shariah-based banks can now take short-term loan, a first of its kind in the banking sector.

Shahjalal Islami Bank yesterday awarded scholarships to 500 meritorious students from around the country who are financially insolvent. 

The interest rate cap for businesses is not coming off anytime soon, said Bangladesh Bank Governor Abdur Rouf Talukder yesterday.

Bangladesh Krishi Bank recently appointed a new deputy managing director.

Karmasangsthan Bank recently promoted its general manager to the post of deputy managing director.

Although the growing number of women entrepreneurs in Bangladesh have mostly kept good payment records over the past decade, their share of the total loans disbursed by banks and other financial institutions still remains low, according to experts.

Issuing a strong warning to the Anti-Corruption Commission over its failure to press charges in any of the 56 Basic Bank loan scam cases in the last seven years,

Mutual Trust Bank (MTB) Foundation and the Bangladesh University of Engineering and Technology (Buet) organised a “Saifuddin Ahmed Chowdhury Memorial Scholarship” programme at the Buet’s academic council bhaban in Dhaka recently.

The High Court yesterday expressed disappointment at the embezzlement of large amounts of money from the state-run Basic Bank and the Anti-Corruption Commission’s failure to press charges in any of the 56 cases filed over the bank’s loan scams in the last seven years.

Bangladesh Bank has begun an investigation into Islami Bank Bangladesh Ltd for disbursing Tk 7,246 crore in loans to nine companies this year grossly violating banking rules.