Eastern Bank (EBL) yesterday rolled out a novel export factoring solution -- just the day after the central bank issued the guideline for it -- as part of its efforts to reduce the risks that Bangladeshi exporters face when it comes to collecting their goods’ worth.

The Bangladesh Bank yesterday cracked the whip on banks for their foot-dragging in implementing the stimulus packages for businesses, ordering them to disburse all funds within the next month.

Most banks’ operating profits declined 20 to 30 per cent in the first half of 2020 because of the paralysed economy but the fall did not reflect properly in their stock prices owing to the floor price.

The Bangladesh Bank yesterday drew up a policy to rebate interest for borrowers for the April-May period as part of its move to give a breathing space to them from the ongoing economic fallout.

Businesses should use the funds from the stimulus packages properly to make a turnaround from the ongoing economic fallout, or else they will collapse into a bad state of affairs, said a top banker.

Without data, companies are deaf and blind, it is often taught in business schools.

The central bank almost doubles the volume of funding of three refinance schemes for small and medium enterprises (SMEs) in order to protect the marginal entrepreneurs from the ongoing economic fallout from the coronavirus pandemic.

Sonali Bank has locked down its Shilpa Bhaban Corporate branch in Dhaka after an official of the branch tested positive for Covid-19.

Adversity brings out the best in man, William Shakespeare once said.

The Bangladesh Bank decides to extend the banking operation across the country during the ongoing shutdown.

Bank employees will be entitled to a health insurance coverage of Tk 5 lakh to Tk 10 lakh if they are infected by coronavirus while delivering services to customers, according to a notice issued by Bangladesh Bank.

Bangladesh Bank yesterday asked lenders not to impose any late payment fees on credit cardholders, who are finding it difficult to clear the bills due to the ongoing movement restriction and short banking hours.

Banks’ capacity to provide loans at 9 per cent interest has shrunk even before the government-fixed ceiling is implemented as both individuals and corporate institutions are withdrawing deposits to protect themselves from the ongoing economic fallout of the coronavirus pandemic.

In an unprecedented move, the central bank yesterday said it will buy Treasury bills and bonds from banks and non-bank financial institutions (NBFIs) to tackle the impending economic slowdown brought on by the coronavirus pandemic.

Amid aspirants’ fears over coronavirus, the Bankers' Selection Committee Secretariat is taking viva voce for the post of ‘Assistant Executive Officer (AEO)’ of Janata Bank Limited.

The big question on economists’ mind is, how will the 9 per cent ceiling on bank lending rates impact the conduct of monetary policy?

The central bank yesterday announced a fresh credit support for banks with a view to giving a boost to the ailing capital market.

The way unknown hackers hatched plans to steal money from the Bangladesh Bank’s reserves with the New York Fed using the most sophisticated banking and payment channels as well their near-perfect preparation and timing will render many detective stories and Hollywood movies average.

The 10th President of the Asian Development Bank (ADB) Masatsugu Asakawa assumed office today.

Prime Minister Sheikh Hasina expresses hope that the banks will implement the single digit interest rate from April for the sake of the speedy industrialisation and investment.