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Category: Economy

Aditya Birla Sun Life Launches Anmol Akshaya Aditya Birla Sun Life Launches Anmol Akshaya

Aditya Birla Sun Life Launches Anmol Akshaya

Aditya Birla Sun Life Insurance Company Limited (ABSLI) has officially announced the launch of its new product named ABSLI Anmol Akshaya. This newly introduced financial product is structured as a participating life insurance plan. The overarching operational objective of the policy is to systematically combine long-term financial savings with robust life insurance protection mechanisms. According […]
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IDRA Inspects Nine Insurance Companies IDRA Inspects Nine Insurance Companies

IDRA Inspects Nine Insurance Companies

The Insurance Development and Regulatory Authority (IDRA) has conducted inspection activities at nine insurance companies following allegations that commissions continued to be paid through various channels despite the suspension of individual agency operations. The regulator disclosed the development in a press release issued on Tuesday, 16 June. According to IDRA, individual agency activities of non-life […]
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Interim Chairman Seeks Depositor Confidence Interim Chairman Seeks Depositor Confidence

Interim Chairman Seeks Depositor Confidence

Islami Bank Bangladesh’s interim Chairman, Mohammad Zahir Hossain, has urged depositors to continue their banking activities with confidence following nearly two weeks of uncertainty surrounding the country’s largest Shariah-based lender. Speaking at a press briefing after assuming office, Zahir called on customers to maintain their trust in the bank and conduct transactions without hesitation. He […]
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Central Bank Demands Removal Of Political Influence 2 Central Bank Demands Removal Of Political Influence

Central Bank Demands Removal Of Political Influence

The Governor of the Bangladesh Bank, Mostakur Rahman, has issued a strict directive to the top executive officers of Islami Bank Bangladesh PLC (IBBL), instructing them to remove all administrative and operational influences associated with the Jamaat-e-Islami political organisation. The central bank chief emphasised that every necessary measure must be implemented to detach the nation’s […]
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Central Bank Extends Liquidity Support Central Bank Extends Liquidity Support

Central Bank Extends Liquidity Support

The central bank of Bangladesh has once again provided substantial liquidity assistance to one of the country’s largest private financial institutions, Islami Bank Bangladesh PLC, in response to mounting pressure from increased customer withdrawals. According to official sources, the bank has been granted an additional BDT 2,500 crore in special liquidity support as depositors intensified […]
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Currency Rates Shape Economic Decisions Currency Rates Shape Economic Decisions

Currency Rates Shape Economic Decisions

The growing interconnectedness of the global economy, the steady flow of remittances, and the expansion of international trade have made foreign exchange rates increasingly significant in daily financial decision-making. With more than ten million Bangladeshi expatriates living and working across the world, remittance inflows remain one of the key pillars of Bangladesh’s economy. These inflows, […]
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Bangladesh Foreign Currency Reserves Hit Forty Three Month High 1 Bangladesh Foreign Currency Reserves Hit Forty-Three Month High

Bangladesh Foreign Currency Reserves Hit Forty-Three Month High

Bangladesh has received a total of 1 billion dollars in budget support loans from the Asian Development Bank (ADB). Following the arrival of this financial assistance, the country’s gross foreign currency reserves increased significantly, reaching 35.63 billion dollars on Sunday. According to official central bank metrics, this figure represents the highest level of gross foreign […]
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