Banking & finance

Trust Bank Ltd is due to issue a Tk400 crore bond and its proceeds would be regarded as Additional Tier 1 capital of the issuer. Issuing a redeemable non-convertible unsecured subordinated bond is expected to help the commercial bank fulfil its Basel III requirements. Previously, on June 28...

State-owned commercial banks have made a proposal to the finance ministry for developing their own Core Banking Solution (CBS) software to save foreign currency as well as ensure safer banking operations. To this end, the ministry decided to form a technical committee headed by...

The government received a record 1.98 billion US dollar in loans from donor countries and agencies in June amid the coronavirus (COvid-19) pandemic. The previous highest total foreign loans in a month for Bangladesh was $1.43 billion in June 2018, reports bdnews24.com. In the fiscal year that...

Finance minister AHM Mustafa Kamal has exhorted both public and private banks to use digital financial inclusion to take services to customers' doorsteps through an easy and safer mode. "I'm hopeful that like Agrani Bank, other banks will also come forward to offer digital financial services." Mr...

পুঁজিবাজারে বিদেশি বিনিয়োগ বাড়াতে বিদেশি ও প্রবাসী বাংলাদেশিদের বেমেয়াদি মিউচ্যুয়াল ফান্ড কেনার সুযোগ করে দিয়েছে বাংলাদেশ ব্যাংক। তফসিলি ব্যাংকগুলোর কাছ থেকে এসব মিউচ্যুয়াল ফান্ড কিনতে পারবেন প্রবাসী ও বিদেশিরা। বৃহস্পতিবার (২০ আগস্ট) বাংলাদেশ ব্যাংক এ সংক্রান্ত একটি সাকুর্লার জারি করেছে। এতে বলা হয়েছে, পুঁজিবাজার নিয়ন্ত্রক সংস্থা বাংলাদেশ...

Many businesses are now living on a knife edge, and it is widely expected that the pandemic will leave a lasting legacy of bankruptcies and redundancies. Common sense would dictate that banks would be doing the groundwork such that when the catastrophe takes place,...

Standard Chartered Bank successfully executed the country’s first blockchain transaction by issuing a letter of credit (LC) for Viyellatex, an export oriented apparel manufacturer, using Contour's blockchain network. Viyellatex Ltd, one of the country’s leading readymade garment (RMG) exporters, imported textile items for Viyellatex Spinning, said a...

Gold. The precious yellow metal that is universally considered a haven when things go wild and the certainty of everything is questioned -- as in the times we are in. No had imagined that a rogue microscopic organism would ever bring the world to a standstill and...

Speakers at a dialogue on Monday said Covid-19 crisis puts unprecedented strains on markets, governments, businesses and individuals, but simultaneously it has brought opportunities for digitalisation. Coronavirus could be one of the most serious challenges facing the financial services industry, they added. To address the impacts, the...

Bangladesh's financial sector will have to adopt new technologies and services in the post-Covid-19 period for the lenders to move their operations online and address the recent challenges faced by the industry, speakers said at a webinar yesterday. The coronavirus could be a boon for digital financial...