Bangladesh Bank orders scheduled banks to forward prize bond transactions and award claim data
The Bangladesh Bank issued a significant circular on 2 December instructing all scheduled banks to send detailed information regarding prize …
Economy
Economy governs production, distribution, consumption, growth, employment, and standards nationwide.
New Journey for Five Merged Banks: Sammilito Islami Bank Promises to Restore Depositor Confidence
The Sammilito Islami Bank PLC, formed through the merger of five Shariah-based banks, officially commenced operations on 2 December. Former …
Starbucks to Settle NYC Worker Scheduling Claims with $38.9 Million Payment
Starbucks has agreed to pay $38.9 million to resolve claims brought by New York City after allegedly violating a local …
Bank Deposit Growth Strong, Private Sector Loans Slow
Despite robust growth in bank deposits, lending to the private sector has shown minimal advancement, according to the latest economic …
Prime Bank Enters Payroll and Cash Management Agreements with Quality Feeds
Prime Bank PLC has formalised a strategic partnership with Quality Feeds Limited, one of Bangladesh’s foremost animal feed manufacturers, through …
Dr Mohammad Ayub Miah Takes Charge as Chairman of United Islami Bank
Dr Mohammad Ayub Miah, a former senior secretary of the government, has been appointed chairman of the newly formed United …
Four State-Owned Banks’ Capital Recovery Plans Deemed Unrealistic by Central Bank
Bangladesh Bank has dismissed the capital recovery action plans of four state-owned commercial banks — Agrani, Janata, BASIC, and Rupali …
SAFA honours Shahjalal Islami Bank with Bronze Award
Shahjalal Islami Bank PLC has secured the Bronze Award in the Private Sector Banks Category from the South Asian Federation …
MTB signs new service agreement to manage tuition fee collection and payroll operations for East West University
Mutual Trust Bank PLC (MTB) has recently entered into a comprehensive service agreement with East West University, ensuring enhanced financial …
Prime Bank to provide payroll and cash management services to Quality Feeds
Prime Bank PLC has entered into a strategic agreement with Quality Feeds Limited, one of Bangladesh’s leading animal feed manufacturers, …