The Bangladesh Bank today asked 27 banks to explain why they had allowed their credit cardholders to spend dollars breaching the stipulated ceiling set by the foreign exchange rules.

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).

Brac Bank and Technical Training Centre (TTC) Bogura recently signed an agreement enabling the centre’s students to pay admission and other fees through the bank’s agent banking channel. 

One Bank has achieved an International Organisation for Standardisation (ISO) certificate from UK-based inspection company Intertek on fulfilling standards requirements for information security management systems. 

NCC Bank has re-elected its chairman, Md Abul Bashar, for the next one year and elected a vice-chairman, Sohela Hossain. 

Bangladesh Development Bank and Bank Asia have signed an agreement to provide remittance services as a sub-agent of Western Union. 

Sonali Bank has for a second consecutive time secured first position in implementing annual performance agreements (APA) in fiscal year 2021-22 among state-owned commercial banks of financial institutions division under the Ministry of Finance. 

Bangladesh’s remittance earnings crossed the $2-billion mark for the second consecutive month in August.

People who hoarded US dollar illegally will face punitive measures, the Bangladesh Bank said yesterday.

Al-Arafah Islami Bank has received approval to raise Tk 500 crore by issuing a non-convertible, floating and mudaraba subordinated bond.

Golam Kabir and Mohammed Jamil Iqbal have been re-elected as vice chairmen of NRB Bank Limited.

Punitive actions will be taken against people who have hoarded US dollars illegally, the Bangladesh Bank said today.

Md Murshedul Kabir has joined Agrani Bank Ltd in the post of managing director (MD) and chief executive officer on Sunday.

Brac Bank has become the first bank in Bangladesh to introduce a toll-free number at call centres.

Bangladesh Bank yesterday issued a set of rules for the appointment of directors at non-banking financial institutions (NBFIs) in order to strengthen corporate governance.

Islami Bank Bangladesh Ltd won the top performing banking award in sustainability rating by the Bangladesh Institute of Bank Management (BIBM) on Sunday.

IFIC Bank has decided to issue a Tk 500-crore non-convertible coupon bearing subordinated bond. 

Mohammad Jahangir has joined Rupali Bank in the post of managing director and chief executive officer yesterday.

The Hongkong and Shanghai Banking Corporation Ltd (HSBC) Bangladesh was named as the market leader in Bangladesh in the highest three categories for corporate social responsibility (CSR), environmental, social, and governance (ESG) and corporate banking in a survey done by Euromoney.

Md Afzal Karim joined Sonali Bank Limited in the post of chief executive officer and managing director yesterday.