In a decisive move to support the nation’s exporters, remitters, and overall economic stability, the Bangladesh Bank (BB) has acquired an additional US$202 million from 13 commercial banks via the interbank spot market. The transaction, executed on Tuesday through the Multiple Price Auction method, was concluded at a cut-off rate of Tk 122.29 per US […]

The Bangladesh Bank has introduced stringent new regulations for private banks concerning staff incentive bonuses, marking a significant shift towards stricter financial governance. Under the latest directive, banks will no longer be permitted to distribute incentive bonuses unless they have achieved actual net profits. The restrictions also apply to institutions facing capital shortfalls, deficiencies in […]

Understanding the scope of insurance coverage for politically and socially motivated events is increasingly essential for businesses, property owners, and risk managers alike. Insurance policies typically distinguish between three primary categories of such risks: Mass Uprisings, SRCC (Strikes, Riots and Civil Commotion), and Malicious Damage (MD). Each category has unique definitions, conditions, and coverage limitations. […]

Postal Life Insurance (PLI) continues to offer comprehensive long-term financial protection to citizens, providing a range of insurance schemes tailored to diverse life stages and needs. The organisation’s portfolio includes Whole Life Assurance, Endowment Assurance, Education Endowment Assurance, and Marriage Endowment Assurance, each designed to ensure financial stability for policyholders and their families. Whole Life […]

The High Court yesterday dismissed a writ petition challenging the legality of the government’s decision to consolidate five financially troubled private Islamic banks into a single entity. The ruling was delivered by a bench comprising Justice Fahmida Quader and Justice Md Ashif Hasan following a concise hearing. Barrister Sayed Mahsib Hossain, who represented the petitioner, […]