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Category: Economy

Central Bank Nets 4 Billion to Bolster Reserves Central Bank Nets $4 Billion to Bolster Reserves

Central Bank Nets $4 Billion to Bolster Reserves

GLive24.com DeskJanuary 30, 2026
In a decisive shift of monetary strategy, Bangladesh Bank (BB) has aggressively intervened in the interbank foreign exchange market, purchasing approximately $3.93 billion during the first seven months of the 2025–26 fiscal year (FY26). This substantial accumulation marks a departure from previous years of reserve depletion and underscores a period of relative stabilisation for the […]
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New Ordinance Transforms Microfinance into Regulated Social Banking New Ordinance Transforms Microfinance into Regulated Social Banking

New Ordinance Transforms Microfinance into Regulated Social Banking

GLive24.com DeskJanuary 30, 2026
The interim government of Bangladesh has enacted the Microfinance Bank Ordinance, 2026, a landmark legislative shift that fundamentally redefines the country’s microcredit landscape. By introducing the concept of “Microfinance Banks,” the state aims to transition traditional non-governmental organisations (NGOs) from the periphery of the financial system into a formal, regulated framework under the direct oversight […]
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Pragati Insurance Secures Top Spot at IDRA Awards 1 Pragati Insurance Secures Top Spot at IDRA Awards

Pragati Insurance Secures Top Spot at IDRA Awards

GLive24.com DeskJanuary 30, 2026
Pragati Insurance Limited has achieved a prestigious milestone by clinching first place in the Non-Life Insurance category at the IDRA Insurance Excellence Awards 2025. This accolade, instituted by the Insurance Development and Regulatory Authority (IDRA), recognises the firm’s peerless contributions to the nation’s financial landscape and its unwavering commitment to industry best practices. A Benchmark […]
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Deposit Holders to Receive 9.5% Dividend

Deposit Holders to Receive 9.5% Dividend

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 29, 2026
The depositors of Sammlito Islami Bank are set to receive a maximum dividend of 9.5% on their deposits from 2026 onwards, Bangladesh Bank Governor Ahsan H. Mansur announced today. Speaking at a press conference at the central bank’s headquarters, Governor Mansur emphasised that the dividend rate is market-driven and calibrated to maintain competitiveness within the […]
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Six-Year Natural Catastrophe Reinsurance Review

Six-Year Natural Catastrophe Reinsurance Review

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 29, 2026
Global reinsurers have faced six consecutive years of substantial natural catastrophe losses, with annual losses exceeding USD 100 billion, according to rating agency AM Best. This sustained high-loss environment is prompting reinsurers to reassess their risk management strategies and contract structures, even though overall capital levels remain robust. AM Best reports that reinsurance contracts continue […]
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Citizens Bank Opens Kawran Bazar Branch

Citizens Bank Opens Kawran Bazar Branch

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 29, 2026
Citizens Bank PLC has officially inaugurated its new Kawran Bazar sub-branch, strategically located on Kazi Nazrul Islam Avenue in the heart of Dhaka’s bustling commercial district. The launch reinforces the bank’s growing presence in the city and aims to strengthen its commitment to supporting local businesses and communities. The inauguration ceremony was presided over by […]
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MetLife Clinches Top IDRA Life Insurance Award

MetLife Clinches Top IDRA Life Insurance Award

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 29, 2026
MetLife, the American life insurance giant, has been awarded first place in the Life Insurance category at the 2025 IDRA Insurance Excellence Awards. The accolade recognises insurers based on customer satisfaction, financial stability, and service quality, highlighting MetLife’s strong market presence and commitment to client-centric services in Bangladesh. The Insurance Development and Regulatory Authority (IDRA) […]
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NCC Bank Launches Innovative ESRM Platform

NCC Bank Launches Innovative ESRM Platform

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 29, 2026
NCC Bank has taken a significant stride towards environmentally responsible and socially conscious banking with the launch of its pioneering Automated Environmental and Social Risk Management (ESRM) system. The technologically advanced platform is designed to streamline the bank’s credit evaluation process, ensuring speed, transparency, and accuracy while adhering to both international standards and local regulatory […]
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IDRA Recruitment Suspended Following Court Notice

IDRA Recruitment Suspended Following Court Notice

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 29, 2026
The ongoing recruitment process of the Insurance Development and Regulatory Authority (IDRA) has been immediately suspended after four officials filed a formal notice in court. The notice alleges that the current recruitment drive is in direct conflict with a High Court directive issued in 2023. The officials have demanded that the authority provide a written […]
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