The Bangladeshi taka today depreciated against the US dollar, hitting Tk 96 on the interbank platform after the Bangladesh Bank had decided last week to allow the market forces to set the exchange rate of the local currency.

Brac Bank signed a memorandum of understanding (MoU) with the Directorate of Secondary and Higher Education (DSHE) in Dhaka recently.

Muhammad Saifullah has been elected chairman of the shariah supervisory committee of Standard Bank at the 363rd meeting of the board recently.

National Bank Ltd has decided to raise $100 million by issuing foreign currency-denominated subordinated bonds in order to strengthen its capital base under Basel Ill guidelines. 

Banks yesterday fixed the buying and selling rates of the US dollar in order to contain the volatility in the foreign exchange market resulting from higher imports than export and remittances earnings. 

Bangladesh Bank yesterday claimed that it would allow the market, meaning demand and supply, to fix the exchange rate of the US dollar against the local taka.

NRB Bank has re-elected the chairman of its executive committee. 

Global Entrepreneurship Network (GEN) Bangladesh, which connects Bangladeshi entrepreneurs, entrepreneurship support organisations and ecosystem enablers, has nominated a managing director recently. 

State-run Probashi Kallyan Bank appointed a new managing director on Tuesday. 

Dhaka Bank and Mutual Trust Bank recently signed an agreement with bKash to offer digital savings schemes through the mobile financial service provider’s app. 

The central bank yesterday scrapped the 360-day special repo facility thanks to the improvement in the coronavirus situation and a lack of demand for the borrowing tool.  

Bangladesh Bank yesterday asked bank to suspend their evening banking operation in order to reduce electricity consumption as part of the government’s austerity measures.

The 59th Foundation Training Course for the business officers of Channel Banking Division of Bank Asia has been completed recently. 

Bangladesh Bank today urged the Department of Cooperatives to take measures against illegal banking activities carried out by several cooperative societies.

Bangladesh Bank today said exporters can now retain value-added amount of export proceeds in US dollars for 30 days instead of 15 days.

Bangladesh Bank today asked banks to suspend their evening banking operation in order to reduce electricity consumption as part of the government’s austerity measures.

The Bangladesh Financial Intelligence Unit (BFIU) today asked banks to provide detailed information of accounts and transactions of Tabith M Awal along with three of his family members.

Bangladesh Bank today asked banks to reduce use of electricity and energy as part of the austerity measures taken by the government to contain the volatility in the foreign exchange market.

The central bank yesterday relaxed the rules on credit rescheduling and restructuring for the borrowers who have defaulted on the repayments of loans with non-bank financial institutions (NBFIs). 

Bangladesh Bank yesterday asked 27 banks to explain why they had allowed their credit card holders to spend dollars breaching a ceiling set by the foreign exchange rules.