VTech Wabag Limited has entered into a strategic group insurance agreement with Protective Islamic Life Insurance Limited, aimed at providing its employees with enhanced healthcare services and comprehensive financial protection. The agreement was officially signed on Monday, 16 March, in a ceremony attended by senior executives from both organisations. Under the terms of the agreement, […]

Bangladesh Bank has issued new regulations nearly doubling the credit limits for credit card holders, with the maximum permissible limit now set at BDT 4,000,000. The central bank has also fixed the maximum interest rate for credit card loans at 25 per cent per annum. Previously, customers could access up to BDT 1,000,000 without collateral […]

A sharp escalation in non-performing loans (NPLs) within key sectors of the economy has heightened concerns over financial stability, investment flows, and future growth prospects. The latest data released by Bangladesh Bank indicate that the country’s banking sector is facing mounting pressure as defaulted loans continue to accumulate at an unsettling pace. As of December […]

Prime Bank FinTech Limited, a wholly owned subsidiary of Prime Bank PLC, has been granted authorisation by the central bank to operate Mobile Financial Services, paving the way for its entry into Bangladesh’s dynamic digital payments market. The approval enables the company to roll out a comprehensive suite of mobile-based financial solutions under a new […]

In a renewed regulatory intervention, Bangladesh Bank has restructured the board of Islami Bank Bangladesh by removing Md Abdul Jalil and appointing SM Abdul Hamid as a director. The decision, implemented on 16 March, forms part of the central bank’s continuing efforts to reinforce governance and accountability in the country’s banking sector. Md Abdul Jalil […]

The Bangladesh insurance sector is facing an unprecedented slowdown as the Insurance Development and Regulatory Authority (IDRA) operates without a chairman. This prolonged leadership gap has stalled critical policy approvals, delayed insurance claim settlements, and weakened the regulatory supervision of companies, creating widespread uncertainty among investors and policyholders. Dr. M. Aslam Alam, who had been […]

Bangladesh’s central bank has introduced a reform designed to simplify export procedures and align the country’s trade practices with international standards. The latest directive permits exporters to send transport and shipping documents directly to overseas buyers for consignments valued at up to $100,000, a move widely seen as a step towards faster and more efficient […]

Eastern Bank PLC (EBL) has reinforced its commitment to inclusive social development through a strategic collaboration with Proyash Institute of Special Education, an organisation dedicated to empowering children with special needs. The partnership is set to enhance the institute’s infrastructure and broaden the scope of its specialised educational and therapeutic services. The agreement was marked […]