The Bangladesh Bank has introduced stringent new regulations for private banks concerning staff incentive bonuses, marking a significant shift towards stricter financial governance. Under the latest directive, banks will no longer be permitted to distribute incentive bonuses unless they have achieved actual net profits. The restrictions also apply to institutions facing capital shortfalls, deficiencies in […]

Understanding the scope of insurance coverage for politically and socially motivated events is increasingly essential for businesses, property owners, and risk managers alike. Insurance policies typically distinguish between three primary categories of such risks: Mass Uprisings, SRCC (Strikes, Riots and Civil Commotion), and Malicious Damage (MD). Each category has unique definitions, conditions, and coverage limitations. […]

Postal Life Insurance (PLI) continues to offer comprehensive long-term financial protection to citizens, providing a range of insurance schemes tailored to diverse life stages and needs. The organisation’s portfolio includes Whole Life Assurance, Endowment Assurance, Education Endowment Assurance, and Marriage Endowment Assurance, each designed to ensure financial stability for policyholders and their families. Whole Life […]

The High Court yesterday dismissed a writ petition challenging the legality of the government’s decision to consolidate five financially troubled private Islamic banks into a single entity. The ruling was delivered by a bench comprising Justice Fahmida Quader and Justice Md Ashif Hasan following a concise hearing. Barrister Sayed Mahsib Hossain, who represented the petitioner, […]

Bangladesh Bank Governor Dr Ahsan H Mansur on Monday stated that the country’s financial sector is demonstrating clear progress despite ongoing challenges. He highlighted that the central bank has implemented extensive reforms to restore stability in the banking sector, control inflation, and stabilise the exchange rate. Dr Mansur spoke at a seminar on the publications […]

Bangladesh Bank has issued strict instructions to the top executives of commercial banks to curb the persistent rise in loan defaults. Despite offering multiple facilities such as loan restructuring, rescheduling and special repayment arrangements, the regulator has questioned why the volume of defaulted loans continues to grow. Banks have been asked to bring down defaults […]