Bangladesh Bank (BB) yesterday asked banks to reappoint bankers who were sacked without any specific and proven charges.

Bangladesh Bank yesterday fined NRB Bank Tk 49.50 lakh for breaching securities rules by buying the shares of Pioneer Insurance beyond the investment ceiling.

City Bank Limited has recently organised a mourning and remembrance event in memory of late Anwar Hossain, former chairman of the bank and founder and chairman of the Anwar Group of Industries, at the bank’s head office in Dhaka. 

In a bid to bring about discipline in the rescheduling of loans by non-bank financial institutions (NBFIs), Bangladesh Bank has announced that these institutions cannot reschedule one loan more than three times.

Banks and non-banks are increasingly introducing contactless credit cards in Bangladesh as the tap-and-pay technology allows users to make payments digitally and avoid close contact with the staff of stores during in-person purchases.

Mastercard yesterday concluded its spend and win campaign “The Grand Escape” with a virtual award ceremony in Dhaka. 

Bangladesh Bank yesterday unveiled a fresh Tk 3,000 crore refinance scheme to provide low-cost loans to farmers with a view to supporting farm production amid the coronavirus pandemic.

Mobile financial service provider bKash has recently launched an integrated transaction service with Community Bank Bangladesh Limited. 

HSBC Bangladesh has recently introduced an HSBC Cash Flow Forecasting tool that allows businesses to generate a more accurate view of their future finances and liquidity position. 

Sri Lanka’s central bank chief resigned Friday over  “political and personal issues” as a foreign exchange crisis intensified and the government imposed new import controls.

Brac Bank Limited and Green Delta Insurance Company Limited recently signed a memorandum of understanding to offer microinsurance services to livestock farmers in rural areas.

Bangladesh’s top trade body yesterday urged banks to take actions against the wilful loan defaulters to bring down the amount of bad loans.

Deposits at banks saw remarkable growth last fiscal year as the coronavirus-linked uncertainty compelled people to cut non-essential expenses and save more, while lending growth shrank slightly due to business slowdown.

Mastercard and Brac Bank yesterday launched a “Mastercard Tara World” credit card in Bangladesh. 

Nafees Khundker has recently been appointed director of Bank Asia Ltd.  He is also one of the sponsors of the bank, a press release said.

The South Bangla Agriculture and Commerce (SBAC) Bank has decided to establish two subsidiaries to venture into merchant banking and asset management.

Pubali Bank has reached a syndicated loan facility agreement worth $52 million with Bank Muscat.  The facility will help Pubali Bank provide liquidity services to local banks and local import and export businesses and strengthen the country’s economic growth, generating up to $200 million of additional trade every year, says a press release.

Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) in the country to not transport any materials through unlicenced courier service companies.

A number of customers of Nagad have alleged that they were facing troubles in carrying out transactions on their accounts as the mobile financial service provider has suspended them on suspicion of unusual transactions with e-commerce platforms.

Southeast Bank has recently witnessed the appointment of two new chairmen for its executive committee and risk management committee at its 636th board of directors meeting.