Bangladesh is set to witness a landmark development in its financial sector next week with the official launch of the Sammilito Islami Bank, Governor of Bangladesh Bank, Dr Ahsan H Mansur, announced on Wednesday. The new institution emerges from the merger of five Shariah-compliant banks and is expected to become the largest Islamic banking entity […]

The Finance Ministry, in collaboration with the Reserve Bank of India (RBI), is set to launch a unified portal to help citizens claim unclaimed financial assets from various sectors, including bank deposits, pension funds, insurance, shares, and dividends. The announcement was made by M. Nagaraju, Secretary of the Department of Financial Services, during the “Aapki […]

Azerbaijan and China have discussed a range of issues related to banking, insurance reforms, and AI-driven innovations in regulatory practices during a recent official business visit. A delegation from Azerbaijan, led by Taleh Kazimov, Chairman of the Central Bank of Azerbaijan, met with Li Yunze, Minister and head of the National Financial Regulatory Administration of […]

The Chairman of Swadesh Life Insurance Limited, Md. Maksudur Rahman, has had two of his savings bonds frozen by a court order. The decision was made by Judge Md. Sabbir Fayez of the Dhaka Metropolitan Sessions Judge Court on Tuesday, 18 November, following an application from the Criminal Investigation Department (CID). The court order was […]

Recently, Jamuna Bank PLC organised a financial literacy programme for students at the Shreemangal Government Girls’ High School in Moulvibazar, as part of its ongoing initiative to promote financial education. The event was held in the school’s auditorium and aimed to raise awareness among young students about the importance of financial management. The Chief Guest […]

In a significant policy shift, officials at the top levels of Bangladesh Bank (BB) and other financial regulatory bodies will now be eligible to serve as the Managing Directors (MD) or Chief Executive Officers (CEOs) of commercial banks in Bangladesh. This includes officials from key regulatory agencies overseeing the banking, financial, and insurance sectors. To […]

On Thursday, 27th November, Mohammad Khalid Mahmud Khan was formally announced as the new Managing Director (MD) and Chief Executive Officer (CEO) of Southeast Bank, heralding the beginning of an exciting new era for the financial institution. Prior to his appointment, Khan held the position of Additional MD and Chief Business Officer at Mutual Trust […]

The Criminal Investigation Department (CID) of the Bangladesh Police has filed a massive money laundering case against the controversial businessman Chowdhury Nafees Sarafat and his associates for allegedly siphoning off approximately 1,613.68 crore BDT (approx. £115 million) abroad. The Special Superintendent of Police (Media) for the CID, Jashim Uddin Khan, confirmed the development on Friday […]