In a decisive move to sanitise a fractured financial sector, Bangladesh Bank has formalised plans to liquidate six non-bank financial institutions (NBFIs) crippled by systemic corruption, chronic mismanagement, and staggering capital shortfalls. The resolution, reached during a high-level board meeting on 27 January, marks a significant escalation in the regulator’s efforts to address the “distressed” […]

The Association of Bankers, Bangladesh (ABB) has urged the central bank to adopt stringent measures against loan defaulters, including publicly naming them, in a bid to restore discipline, strengthen recovery, and curb mounting financial stress in the sector. In a detailed letter to Bangladesh Bank Governor Ahsan H. Mansur, ABB Chairman Mashrur Arefin proposed that […]

Zenith Islami Life Insurance PLC, one of Bangladesh’s fastest-growing Shariah-compliant life insurers, delivered a notably strong financial and operational performance in 2025, marked by sharp growth in premium income, near-perfect claims settlement, and steady expansion of its life fund and investment portfolio. The results underline the company’s strengthening market position and growing customer confidence within […]