The Bangladesh Bank today scrapped the SMART formula in order to make interest rates in the banking system fully market-based

Bangladesh Bank today introduced the crawling peg exchange rate system and allowed banks to buy and sell US dollars freely at around Tk 117. 

Bangladesh Bank today raised the policy rate by 50 basis points to 8.5 percent to bring down the runaway inflation

Shahjalal Islami Bank (SIBL) reported a 28 percent year-on-year increase in profit in the January-March quarter

Shahjalal Islami Bank recently signed a memorandum of understanding (MoU) with the Islamic Corporation for the Development of the Private Sector (ICD), a member institution of the Islamic Development Bank (IsDB) Group.

Eastern Bank recently signed an agreement with Lavender Convenience Store on payroll banking.

302 industries will make the investments

The crawling peg system for the taka is a delayed and, perhaps, inadequate response to the bleeding of forex reserves. Some economists suggest the central bank should go beyond this formula and open the exchange rate to market forces to stop the continuous erosion of reserves. Either way, exporters and remitters will celebrate more flexibility in the exchange rate.

National Bank went from a financially stable bank to a bank marred in irregularities

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh, in partnership with the Institute of Business Administration (IBA) of the University of Dhaka, recently organised the finale and award-giving ceremony of “Business Case Competition 2024”.

NRB Bank has appointed a new additional managing director (AMD).

City Bank recently signed an agreement with Reliance Insurance Limited to commence the sale of the latter’s non-life insurance policies under bancassurance.

NRB Commercial (NRBC) Bank declared an 11 percent cash dividend for the year that ended on December 31, 2023.

Meghna Bank recently launched a business unit tailored to airline companies to extend their end to end (e2e) banking support.

The bank’s sponsor director Khalilur Rahman made the new chairman

Southeast Bank recently signed an agreement with FirstTrip Ltd to integrate the bank’s e-commerce payment gateway service with the latter’s payment systems.

Global Islami Bank recently arranged its “Quarterly Business Review Meeting 2024”.

NCC Bank has recently launched the ‘Green PIN’ service, an instant card activation and PIN generation service, for its debit, credit and pre-paid cardholders.

Speakers at a discussion yesterday suggested the adaptation of recycled fashion to preserve the environment and foster sustainability in the industry.

Prime Bank recently signed a memorandum of understanding (MoU) with Hishabee, a business management startup in Bangladesh, to transform its retail banking through innovative digital integration.