Central Bank Slashes Savings Profits in Major Merger
In a sweeping move intended to stabilise the nation’s fragile Sharia-based banking sector, Bangladesh Bank has announced a two-year profit “haircut” for millions of depositors. Customers of five prominent Islamic lenders currently undergoing a mandatory merger will receive no returns on their savings for the years 2024 and 2025. This drastic measure, while aligned with […]
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