Banking & finance

State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak on Sunday called on Bangladesh Bank to play a dual role of a regulator and also a facilitator to help develop the country's e-commerce sector, as well as new innovations. He made the...

Bangladesh's investment in the form of gold has gained value by over 37 per cent to reach around US$554 million over the last 10 years. The country's central bank, for the first time on September 07, 2010, had purchased 10 tonnes of gold from...

Agricultural loan disbursement increased by 7% in the first eight months of FY21 compared to the same period of the previous financial year, but banks lag behind in meeting disbursement targets. Between July and February of FY20, 62.56% (a little more than Tk15,000 crore)...

Some 278 cottage, micro and small enterprises (CMSEs) mired in financial difficulty owing to the ongoing pandemic applied to the central bank through 25 banks and NBFIs to get collateral-free loans under the credit guarantee scheme (CGS).  The Bangladesh Bank launched the CGS of...

The moratorium facility on the repayment of loan instalments extended to help businesses and individuals tide over the economic fallout of the global coronavirus pandemic will not be extended any further, in yet another sign that the worse is behind. But borrowers of term...

Bangladesh Bank, for the first time, has formed a fund of Tk 1,000 crore to modernise export-oriented industries that will be able to take loans at 5 percent to 6 percent interest, much lower than the present 9 percent charged by banks. According to...

After the shocking $101 million cyber heist from its account with the Federal Reserve Bank of New York in February 2016, one would have assumed that the Bangladesh Bank would be running a tight ship as far as IT infrastructure is concerned. Turns out,...

The Bangladesh Bank has taken an initiative to pay import bills in advance and allowed scheduled banks to clear such payments also through their offshore banking units. The initiative has been taken to make the payment of such expenditure faster and easier due to...

On top of the current targets for green banking, the Bangladesh Bank has set new plans for bank loan disbursements in financing green and sustainable projects. The central bank's Sustainable Finance Department (FSD) issued a circular for banks in this regard Tuesday.

সিঙ্গাপুর ও যুক্তরাজ্যে ‘রেমিটপ্রাইম’ নামে নতুন রিয়েল টাইম রেমিট্যান্স সার্ভিস চালু করেছে প্রাইম ব্যাংক। দেশ দুটি থেকে রেমিট্যান্স বা প্রবাসী আয় আনতে প্রাইম ব্যাংক সম্প্রতি অনলাইনভিত্তিক এই রেমিট্যান্স প্ল্যাটফর্ম চালু করল। এর ফলে সিঙ্গাপুর ও যুক্তরাজ্যপ্রবাসী বাংলাদেশিরা প্রাইম ব্যাংকের যেকোনো অ্যাকাউন্টে এবং সারা দেশে যেকোনো বিকাশ ওয়ালেটে...