A formal memorandum of understanding has been signed between Chartered Life Insurance PLC and HMCL Niloy Bangladesh Limited, the authorised distributor of Hero motorcycles in Bangladesh. Under this agreement, purchasers of Hero motorcycles in the country will receive integrated insurance protection coverage provided by Chartered Life Insurance. The agreement was concluded at a recent official […]

Textile exporters and millers in Bangladesh are under growing financial strain as a large number of troubled commercial banks have failed to settle long-overdue payments against local back-to-back letters of credit (LCs), leaving accepted bills unpaid for years despite contractual maturity obligations. According to bankers and industry stakeholders, outstanding liabilities linked to such unpaid bills […]

Bangladesh’s gross foreign exchange reserves stood at $30.46 billion as of 21 April, marking a slight increase from the previous level of $30.37 billion, according to central bank officials. The updated figure was confirmed by Arif Hossain Khan, spokesperson and Executive Director of Bangladesh Bank, while speaking to journalists. The revision reflects recent foreign currency […]

The stock of forced loans at Rupali Bank climbed to $1.87 billion by the end of December 2025, reflecting a sustained rise over recent years and prompting concern over the bank’s financial condition, according to findings from the Bangladesh Bank. Central bank data shows that forced loans increased by 91.59% compared with 2021, when the […]

NRBC Bank PLC has formalised a remittance distribution agreement with BRAC Saajan Exchange Ltd, United Kingdom, aimed at facilitating the transfer of funds sent by Bangladeshi expatriates to their beneficiaries in Bangladesh through formal banking channels. According to a press release issued by NRBC Bank PLC, the signing ceremony was held on Monday (20 April […]

Meghna Life Insurance PLC’s Islamic Insurance (Takaful) Division has paid a death claim amounting to Tk 30,51,200 in Bogura. The cheque was handed over on Sunday (19 April) at a ceremony held at Hotel Castle Saoad in the city. The payment was made to the nominee, Ms Akhiyara Khatun, of the deceased policyholder Mr Majnur […]

Islami Bank Bangladesh PLC has become the leading contributor to the Bangladesh Bank’s ongoing foreign exchange (forex) market intervention, supplying the largest share of US dollars purchased by the central bank in the current fiscal year. Bangladesh Bank (BB) has been actively purchasing foreign currency from commercial banks as part of its intervention strategy under […]

Meghna Bank PLC has launched a bill collection booth of the Dhaka Power Distribution Company (DPDC) at Satmasjid Road in the Dhanmondi area of Dhaka, with the aim of improving access to utility bill payment services and ensuring greater convenience for electricity consumers. According to a press release, the booth was formally inaugurated at a […]

SBAC Bank PLC has arranged a comprehensive, day-long workshop on financial management to strengthen the operational and managerial capacity of women entrepreneurs engaged in the CMSME sector. The programme was conducted under the supervision of Bangladesh Bank, reflecting continued institutional emphasis on inclusive financial development. Held on Sunday, 19 April 2026, the workshop took place […]