The Bangladesh Bank has asked 10 banks’ managing directors why their treasury heads should not be penalised for their involvement in dollar rate manipulation this year.

NRB Commercial Bank Ltd has been renamed NRB Commercial Bank PLC with effect from September 17.

Padma Bank Ltd recently launched a Shariah-based banking service styled “Padma Bank Islamic”, opening the doors to interest-free banking services for customers.

The number of women bankers has gone up slightly over the last three years, after it saw a drop during the Coronavirus pandemic in 2020.

First Security Islami Bank Ltd has won “Visa Payment Excellence Awards-2023” in the category of “Excellence in Debit Cards”.

Dhaka Bank Ltd and Agora Ltd, the first retail chain of the country, signed a payroll banking agreement.

One Bank Ltd recently signed a memorandum of understanding (MoU) with Concord Real Estate & Building Products Ltd. 

This is the first BDT-INR export transaction for Bangladesh’s electronics industry

MTB Foundation recently signed an agreement with Ispahani Islamia Eye Institute and Hospital for a project titled “Community health partnership, predominantly eye health”.

The Association of Anti-Money Laundering Compliance Officers of Bankers in Bangladesh (AACOBB), in association with Bangladesh Financial Intelligence Unit (BFIU), arranged a conference on “Prevention of Money Laundering and Terrorist Financing” on Saturday.

Midland Bank Ltd recently won the “Visa Excellence Award” in the ‘Excellence in Prepaid Cards’ category in an awards ceremony.

Southeast Bank’s agent banking unit “Shagotom” has launched a three-month campaign styled “Utshob” for partners and customers of agent banking outlets.

Brac Bank Ltd has received the highest number of awards, five in all, from Visa this year for its outstanding business in various card-issuing and acquiring categories.

Until now, banks and financial institutions were allowed to trade the bond at a face value of Tk 5,000 crore

Bangladesh Bank data finds

City Bank has recently promoted Saif Ullah Kowchar, its senior executive vice-president, to the post of deputy managing director (DMD).

Premier Bank Ltd together with Mastercard launched a travel business prepaid card for travel agents yesterday.

Distressed Islami Bank has approved a Tk 700 crore loan to a concern of AnonTex Group, one of the five large borrowers of Janata Bank that has been enjoying undue facilities despite making negligible repayment in 13 years.

Money spent through credit cards fell by 2.96 percent in July compared to the previous month, showed data from the Bangladesh Bank (BB).

Liquidity in Shariah-based banks in Bangladesh remains tight due to a dip in deposit collection and the banks’ inability to make the most of the central bank support to overcome the situation, Moody’s Investors Service said in a report.