From now on, no charges or fees can be imposed on customers before the activation of credit cards, Bangladesh Bank said in a notice yesterday.

IFIC Bank is set to sell its entire holding of Nepal Bangladesh Bank Ltd (NBBL) to a Nepalese national for Tk 439 crore.

Heavy dependence on banks for long-term funding is weakening the financial health of local lenders, according to analysts.

Bangladesh Bank yesterday asked banks to appropriately provide relevant data of inland letters of credit (LCs) to the online import monitoring system (OIMS).

Bangladesh Bank yesterday ordered non-bank financial institutions (NBFIs) not to disburse loans using cheques of current accounts they have to maintain with the central bank.

The transition from manual banking to its digital means is certainly not a new phenomenon for Bangladesh’s banking sector. But the advent of the coronavirus pandemic has had clients from all walks of life honing in on internet banking to cut the chances of contracting the deadly flu.

Bank Asia Ltd has been awarded “Remittance Award 2021 and 2022” by the Center for NRB, a non-profit research organisation for non-resident Bangladeshis.

With Bashundhara Group seeking to borrow from state banks to establish a gold refining plant at Tk 5,790 crore, Bangladesh Bank yesterday asked five public sector banks to include more private lenders in the syndicated finance scheme to mitigate credit risks.

Humaira Azam, managing director of Trust Bank, has been recognised as one of the top 10 influential women in Islamic business and finance in the world by UK-based financial intelligence house Cambridge IFA in its WOMANi Report 2021.

Different Bangladeshi companies and entities collectively won 21 awards at the SAFA Best Published Annual Reports Award Competition 2020.

Twenty-five banks are suffering from a collective default loan of Tk 974.4 crore after several non-bank financial institutions (NBFIs) failed to pay back funds despite maturity, in another sign of feeble state in the financial industry.

Brac Bank has signed a custodial service agreement with MBL Asset Management on Sunday to provide support for the operation of ‘Mercantile Bank Unit Fund’, a new open-ended mutual fund.

Al-Arafah Islami Bank Ltd has recently won a remittance award from the Centre for NRB, a non-profit organisation for non-resident Bangladeshis, as one of the top 10 banks through which the highest amount of remittance passed in 2021.

NCC Bank has recently won a “Remittance Award-2022” from the Centre for NRB, a non-profit organisation for non-resident Bangladeshis, for its remittance services.

The High Court yesterday questioned the Bangladesh Bank’s decision on fixing Tk 28,000 as the minimum monthly salary for private banks’ entry level officials.

Bank Asia virtually held a daylong “Annual Business Meet 2022” at Bank Asia Tower in Kawran Bazar, Dhaka on Saturday.

Brac Bank has employed 80 graduate candidates under its recruitment initiative “Young Leaders’ Programme” (YLP) as a part of its business expansion plans to recruit 2,000 more people from public and private universities in 2022.

Pubali Bank has been presented a “Top Ten Remittance Award 2022” by the Centre for NRB, a non-profit research organisation for non-resident Bangladeshis, for its contribution in collecting remittance.

Bangladesh Securities and Exchange Commission (BSEC) has ordered NRB Bank to take departmental action against its chief financial officer Kamrul Hasan and all of its investment bankers for their involvement in illegal share trading.

Bangladesh Bank has awarded 22 of its officials for their outstanding performance for 2019.