Prime Bank FinTech Limited, a wholly owned subsidiary of Prime Bank PLC, has been granted authorisation by the central bank to operate Mobile Financial Services, paving the way for its entry into Bangladesh’s dynamic digital payments market. The approval enables the company to roll out a comprehensive suite of mobile-based financial solutions under a new […]

In a renewed regulatory intervention, Bangladesh Bank has restructured the board of Islami Bank Bangladesh by removing Md Abdul Jalil and appointing SM Abdul Hamid as a director. The decision, implemented on 16 March, forms part of the central bank’s continuing efforts to reinforce governance and accountability in the country’s banking sector. Md Abdul Jalil […]

The Bangladesh insurance sector is facing an unprecedented slowdown as the Insurance Development and Regulatory Authority (IDRA) operates without a chairman. This prolonged leadership gap has stalled critical policy approvals, delayed insurance claim settlements, and weakened the regulatory supervision of companies, creating widespread uncertainty among investors and policyholders. Dr. M. Aslam Alam, who had been […]