7h ago| Business

Mastercard, Brac Bank unveil credit card for young professionals

Mastercard and Brac Bank today announced the launch of the Mastercard Millennial Titanium Credit Card, catering exclusively to the lifestyle and aspiration of millennials and young working...

3d ago| Business

No action yet taken against Union Bank for fund mismatch

The Bangladesh Bank has not yet taken any punitive measure against Union Bank despite finding a fund mismatch at a vault of the lender’s Gulshan branch.

3d ago| Banks

SBAC Bank ex-chair, six others sued

The Anti-Corruption Commission has filed a case against former chairman of South Bangla Agriculture and Commerce Bank SM Amzad Hossain and six others for allegedly misappropriating Tk 20.6 crore...

2w ago| Business

StanChart launches special account for clients to donate account profits

Standard Chartered Bank today launched Standard Chartered Saadiq Sadaqah Account for clients to donate profits generated by the account to a charity of their choice.

2w ago| Banking

State banks too weak to entertain Padma's merger proposal: BB

Nearly three months after the merger proposal given by Padma Bank, the Bangladesh Bank said financial health of state lenders now faces “several problems” due to the excessive default loans.

2w ago| Banks

StanChart forecasts 7.2pc GDP growth

Bangladesh’s economic growth will rebound to 7.2 per cent in the current fiscal year, riding on domestic consumption, global recovery, steady flow of remittance and rising exports, said Standard...

October 24, 2021
October 24, 2021

Mastercard, Brac Bank unveil credit card for young professionals

Mastercard and Brac Bank today announced the launch of the Mastercard Millennial Titanium Credit Card, catering exclusively to the lifestyle and aspiration of millennials and young working...

October 22, 2021
October 22, 2021

No action yet taken against Union Bank for fund mismatch

The Bangladesh Bank has not yet taken any punitive measure against Union Bank despite finding a fund mismatch at a vault of the lender’s Gulshan branch.

October 22, 2021
October 22, 2021

SBAC Bank ex-chair, six others sued

The Anti-Corruption Commission has filed a case against former chairman of South Bangla Agriculture and Commerce Bank SM Amzad Hossain and six others for allegedly misappropriating Tk 20.6 crore...

October 20, 2021
October 20, 2021

Retail banking needs a paradigm shift

The breakneck pace of innovation disrupting the financial sector has ushered in a level of uncertainty which the sector has not faced before. New entrants and a rapidly changing business model have...

October 19, 2021
October 19, 2021

TMSS loans now thru bKash

Thengamara Mohila Sabuj Sangha (TMSS) recently signed an agreement with bKash enabling its members to both receive microfinance loans and pay monthly instalments through the mobile financial...

October 19, 2021
October 19, 2021

Uniform rates set to settle transactions

The Bangladesh Bank yesterday set uniform rates on settling transactions through digital platforms of banks and other financial service providers as part of its effort to facilitate clients and...

October 19, 2021
October 19, 2021

Govt goes slow on $3b IMF loan offer

In a rare move, the government is not rushing into a $3-billion loan offer from the International Monetary Fund (IMF) as Bangladesh has received a huge amount of budget support from multilateral...

October 15, 2021
October 15, 2021

MFS transactions surge in Aug

Transactions through mobile financial services in Bangladesh grew more than 50 per cent year-on-year to Tk 62,230 crore in August, central bank data showed.

October 13, 2021
October 13, 2021

Banks hold on to a few borrowers despite risks

State banks in Bangladesh are maintaining an elevated level of loan concentration among a handful of clients, putting their own financial health and the interest of depositors at grave risk.

October 12, 2021
October 12, 2021

City Bank adopts Mastercard’s value-added services

City Bank Limited has partnered with Mastercard to integrate Mastercard Payment Gateway Services (MPGS) that enables a range of value-added services for customers.