Banks are aggressively installing cash recycling machines (CRMs) to provide faster deposit and cash withdrawal services to clients, a move that is helping customers cut reliance on branches and giving them more freedom to carry out banking.

Bangladesh Bank today extended the banking hour by half an hour and decided to keep banks open from 10am to 2.30pm from tomorrow until May 30.

The central bank yesterday ordered banks to permit branches, liaison and representative offices of foreign companies promptly if they want to move their accounts to another lender.

Bangladesh Bank yesterday instructed lenders to continue their limited banking operations until May 23.

Banks cannot appoint their former managing directors as independent directors at their respective board as per the provisions of the Banking Companies Act 1991, Bangladesh Bank (BB) said last week.

Despite giving special focus on the health sector, the government could implement only 26 per cent of the sector’s Annual Development Programme in the first 10 months of the current fiscal year.

Most banks are announcing higher dividends for 2020 than a year ago although they were plagued by the coronavirus pandemic for most of the year and had to do with a lower interest rate regime.

School banking is increasingly gaining popularity among students as the total deposits in such accounts reached around Tk 2,000 crore last year, sidestepping the pandemic-induced economic hardship.

South Bangla Agriculture & Commerce (SBAC) Bank is set to go public in order to raise Tk 100 crore from the stock market.

The government may allocate Tk 225,324 crore to implement development projects in the next fiscal year, which is 14 per cent higher than that in the revised budget.

Rumee A Hossain has been re-elected as the chairman of the executive committee of the board of Bank Asia in the 453rd meeting of the board of directors held recently.

Prime Bank recently witnessed the appointment of a deputy managing director who would also act as a chief anti-money laundering compliance officer and a chief risk officer.

Bangladesh Bank yesterday instructed the country’s lenders to extend their operating hours to 2:00pm from today in order to help clients complete their banking activities smoothly ahead of Eid-ul-Fitr.

The central bank today instructed banks to extend their banking hours by one hour with effect from tomorrow in order to help clients do banking smoothly ahead of Eid-ul-Fitr.

This is really a great initiative that Bangladesh Bank has decided on March 29 this year to form a Tk 500 crore fund in order to help new entrepreneurs aged 21-45 years and start businesses.

A Rouf Chowdhury has recently been reelected chairman of Bank Asia at the 453rd meeting of its Board of Directors.

Bangladesh Bank has removed AKM Shaheed Reza from the board of Mercantile Bank due to his involvement in a loan scandal.

International Finance Corporation (IFC), a member of World Bank Group, is set to provide Brac Bank a $30 million loan to come to the aid of small and medium enterprises (SMEs) and larger companies hit hard by the impacts of the Covid-19.

South Bangla Agriculture and Commerce (SBAC) Bank's Managing Director (MD) Tariqul Islam Chowdhury has stepped down from his position before completing his three-year tenure.

Bangladesh Bank yesterday restored the interbank cheque clearing system in a major relief for users but a backlog of cheques and the non-operational electronic fund transfer (EFT) platform are still causing sufferings to clients.