Bangladesh Bank’s efforts to rein in runaway imports through the depreciation of the taka have hardly brought any impacts as the demand for US dollars has kept soaring to feed the economy rebounding from the coronavirus pandemic. 

The Bangladesh Bank should raise the private sector credit target and review other major goals by conducting the mid-term review of the monetary policy statement for 2021-22, said analysts.

Islami Bank Bangladesh has been recognised as the “Strongest Islamic Retail Bank in Bangladesh” in a 7th Islamic Retail Banking Awards by UK-based Cambridge IFA and Islamic Retail Banking Awards.

AB Bank Limited and Grameenphone recently signed a memorandum of understanding (MoU) over providing digital services to each other.

Private sector credit growth in Bangladesh accelerated to 10.68 per cent in December rising for the seventh consecutive month as the economy rebounds from the coronavirus pandemic.

A staggering 7,167 bankers lost jobs between April 2020 and September last year as private commercial banks desperately tried to cut operational costs amid a business slowdown brought on by the coronavirus pandemic.

There is good news for about six lakh freelancers in the country as they now will get a 4 per cent incentive against export of software or IT-enabled services.

The Bangladesh Bank plans to bar banks from providing financial services through social media platforms as it poses data security risk, a move that may nip the initiative aimed at popularising digital banking in the bud.

Dhaka Bank Ltd has recently signed an agreement with SF Group over providing payroll banking services.

The Bangladesh Bank has postponed state banks’ recruitment tests scheduled to start from February 1 due to the recent spread of the coronavirus pandemic.

Banks and payment service providers have been asked to prepare business continuity plan (BCP) so that their operations remain unhurt during any future economic disasters like the ongoing pandemic.

The Bangladesh Association of Banks (BAB) and Association of Bankers, Bangladesh (ABB) yesterday requested Bangladesh Bank to extend the deadline for implementing the new rate of entry-level salaries recently fixed by the banking regulator for private banks.

Union Bank is going to debut in the stock market today as the 33rd bank.

Efficiently completing all tasks does not guarantee appreciation from managements as attaining deposit targets is solely prioritised by private banks, which is the case for at least one mid-level official.

A new Bangladesh Bank platform has helped the government settle almost 100 per cent of its payments made to individuals electronically, giving a boost to the country’s financial inclusion efforts.

Standard Chartered Bangladesh has been recognised as the ‘Best Bank in Bangladesh’ at the Asset Triple A Sustainable Capital Markets Country Awards 2021 recently.

ONE Bank Ltd (OBL) and GD Assist Ltd recently signed an agreement on arranging free life insurance facilities for the former’s clients in Dhaka. 

Bangladesh Bank yesterday asked banks to run operations with 50 per cent of their workforce until February 6 by introducing alternate-day duty rosters immediately in order to tackle the third wave of the coronavirus pandemic.

Expatriate Bangladeshis will enjoy 2.5 per cent cash incentive if they remit five categories of service benefits in the form of remittance through formal channels, said the central bank yesterday.

For the first time in history, Bangladesh Bank yesterday fixed minimum salaries for entry level bank officials in a bid to encourage talented youths to choose banking as a career and play a role in the nation’s economic advancement.