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Over 5 Million Transactions via Pubali Bank and bKash

Expat Remittances: Over 5 Million Transactions via Pubali Bank and bKash

Bangladeshi expatriates have sent more than five million remittance transactions over the past ten months through a joint initiative of Pubali Bank and bKash. This service allows expatriates to transfer money quickly, safely, and conveniently to their loved ones. The service is provided by two of the country’s leading financial institutions and has earned the […]
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Prize Bond and Savings Certificate Services Shifted to Commercial Banks

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 bond purchases, sales, and award claims directly to the central bank. The circular, released by the central bank’s Debt Management Department, states that banks must collect all relevant documents—such as purchase forms, sale records, and […]
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Sammilito Islami Bank Begins Operations

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 secretary Mohammad Ayub Miah assumed the role of chairman after meeting Bangladesh Bank Governor Ahsan H Mansur. The bank received its final approval and licence on 1 December. Addressing the media after assuming office, Ayub […]
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Prime Bank Signs Payroll and Cash Management Agreements with Quality Feeds

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 the signing of two comprehensive agreements designed to provide integrated payroll banking and advanced cash management services. The signing ceremony took place at Prime Bank’s corporate office in Dhaka, with M Nazeem A Choudhury, Deputy […]
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Central Bank Finds Capital Recovery Plans of Four State Banks Unrealistic

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 — considering them unrealistic. According to the central bank, the combined capital deficit of these banks stood at approximately Tk31,000 crore as of December 2024. The banks were required to submit a five-year plan to […]
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