Category: Business

NBFC Deposits Rise Amid Credit Slowdown

NBFC Deposits Rise Amid Credit Slowdown

Bangladesh’s non-bank financial companies (NBFCs) posted a modest increase in deposits during the October–December 2025 quarter, even as lending for economic purposes declined, reflecting a mixed performance across the sector. Data from the Bangladesh Bank indicates that total deposits rose by 0.8 per cent year-on-year, reaching Tk 511.27 billion, up from Tk 507.23 billion in […]
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APAC Households Face Growing Cybercrime Risks

APAC Households Face Growing Cybercrime Risks

Households across the Asia-Pacific (APAC) region are increasingly exposed to digital fraud, as confidence in online safety often fails to match actual cybersecurity practices. A new report by bolttech, APAC Cyber Safety Landscape 2026, reveals a significant gap between perceived online protection and real-world security behaviour. Confidence vs Reality The survey of 3,850 consumers across […]
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Citizens Bank Joins BREB for Rural Bill Collection

Citizens Bank Joins BREB for Rural Bill Collection

Citizens Bank PLC has entered into a strategic partnership with the Bangladesh Rural Electrification Board (BREB) to facilitate electricity bill collection nationwide. The signing took place at BREB’s Head Office in Nikunja-2, Dhaka, highlighting the banks’ commitment to supporting rural energy services. The agreement was signed in the presence of Mr. Alamgir Hossain, Managing Director […]
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Dilbar World’s Most Valuable Insured Yacht

Dilbar: World’s Most Valuable Insured Yacht

The luxury megayacht Dilbar, owned by Russian billionaire , is widely recognised as one of the most expensive private assets covered by marine insurance globally. According to estimates from the United States Department of the Treasury and maritime industry sources, the vessel’s value lies between $600 million and $735 million, positioning it as a high-stakes […]
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EBL, Friendship Join Forces for Health and Water

EBL, Friendship Join Forces for Health and Water

Eastern Bank PLC (EBL) has partnered with Friendship, a leading Bangladeshi NGO, to expand access to essential healthcare and safe drinking water for some of the country’s most vulnerable communities. The collaboration forms part of EBL’s Corporate Social Responsibility (CSR) efforts to promote sustainable development and social wellbeing. A Memorandum of Understanding (MoU) was signed […]
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Compliance Pressures Mount on Asia’s Wealth Insurers

Compliance Pressures Mount on Asia’s Wealth Insurers

Insurers serving Asia’s ultra-high-net-worth families are facing rising regulatory and operational challenges as authorities tighten scrutiny over cross-border wealth transfers. Stricter anti-money laundering (AML) frameworks and expanded beneficial ownership disclosure requirements are slowing client onboarding, complicating the issuance of high-premium insurance policies, and increasing administrative costs, industry experts report. “Families with assets spanning Singapore, Hong […]
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IDRA Under Fire Over Mandal CEO Controversy

IDRA Under Fire Over Mandal CEO Controversy

The Insurance Development and Regulatory Authority (IDRA) has come under scrutiny following allegations of procedural misconduct in the prolonged legal and administrative dispute involving Dr. Bishwajit Kumar Mandal. The case has raised serious questions about regulatory assurances, governance practices, and executive accountability in the insurance sector. Background of the Dispute Dr. Mandal was removed as […]
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SBAC Bank Supports National Startup Fund

SBAC Bank Supports National Startup Fund

SBAC Bank PLC has contributed more than 2.58 crore taka to the national startup investment fund established under the initiative of Bangladesh Bank, reinforcing efforts to improve financial access for innovative and technology-oriented entrepreneurs across the country. The cheque was formally handed over on Tuesday at the SME and Special Programmes Department of the central […]
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Global Insurance Neglects ₤55.5 Billion Reinsurance

Global Insurance Neglects ₤55.5 Billion Reinsurance

Global Insurance PLC has failed to reinsure policies valued at approximately 55.5 billion taka, in clear breach of statutory requirements. According to the Insurance Act 2010, insurance companies must arrange reinsurance for all re-insurable policies; failure to do so can result in suspension or cancellation of the company’s licence. The omission exposes both the insurer […]
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