Dhaka, 10 December 2025 – Bangladesh’s insurance industry is poised for one of its most significant annual gatherings as the Bangladesh Insurance Association (BIA) prepares to convene its 38th Annual General Meeting (AGM) on Monday, 22 December 2025, at 6:30 pm. The prestigious event will be held at the Samson H. Chowdhury Centre (Level 2) […]

In a remarkable display of corporate social responsibility and unwavering commitment to employee welfare, Bengal Islamic Life Insurance Limited recently facilitated the handover of a Takaful cheque to the bereaved family of a deceased employee from Eco Batteries Limited. The cheque, valued at BDT 258,400, was intended to comprehensively cover both medical expenses and death […]

In a decisive move to support the nation’s exporters, remitters, and overall economic stability, the Bangladesh Bank (BB) has acquired an additional US$202 million from 13 commercial banks via the interbank spot market. The transaction, executed on Tuesday through the Multiple Price Auction method, was concluded at a cut-off rate of Tk 122.29 per US […]

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 […]

After the change of government, the true extent of non-performing loans (NPLs), kept hidden for years, has come to light, prompting the central bank to instruct commercial bank managing directors to implement restructuring and partial write-off measures. At a meeting with bankers, Bangladesh Bank Governor Ahsan H Mansur stated that NPLs had reached Tk 6.44 […]