Category: State

Expatriate Inflows Spike by 20% to Open New Fiscal Year (2)

Expatriate Inflows Spike by 20% to Open New Fiscal Year

Bangladesh has registered a dramatic acceleration in foreign currency inflows at the very outset of the 2026–27 financial year, providing a timely boost to the national economy. Non-resident workers transferred nearly 1.8 billion US dollars back to the country using formal financial networks during the opening eighteen days of July. According to comparative metrics released […]
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Bangladesh Taka Exchange Rates Updated (2)

Bangladesh Taka Exchange Rates Updated

With more than 10 million Bangladeshis living and working abroad and the country’s international trade continuing to expand, foreign exchange rates remain an important reference for remittance recipients, importers, exporters, travellers and businesses. Daily fluctuations in global currency markets, driven by international economic conditions, interest rate movements and demand for foreign currencies, can influence exchange […]
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Bangladesh Foreign Reserves Climb Higher as July Remittances Surge

Bangladesh Foreign Reserves Climb Higher as July Remittances Surge

Bangladesh’s foreign exchange reserves have registered a notable increase, reinforcing the country’s external macroeconomic stability at the start of the new financial year. According to the latest data released by the central bank, the gross foreign currency holdings have escalated to $36,664.46$ million, equivalent to approximately $36.66$ billion dollars. The update was officially confirmed on […]
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Savers Demand Independent Board to Secure Islami Bank Future

Depositors’ Forum Issues Ultimatum Over Islami Bank Board Restructuring

A pressure group representing depositors has demanded that Bangladesh Bank immediately appoint a full and independent board of directors to run Islami Bank Bangladesh PLC. The group, known as the Islami Bank Socheton Grahak Forum (Conscious Depositors’ Forum), insists the new board must consist of honest, highly qualified, and independent financial professionals chosen through transparent […]
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Bangladesh Bank reshapes Al-Arafah Islami Bank board with shareholders

Bangladesh Bank reshapes Al-Arafah Islami Bank board with shareholders

The central bank of Bangladesh has restructured the board of directors of Al-Arafah Islami Bank PLC by appointing 14 sponsor shareholders to the governing body. This decision, finalized on Wednesday, 15 July, marks a major step towards returning the private sharia-compliant commercial lender to shareholder control after a period of direct regulatory oversight. Arif Hossain […]
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Chinese insurers post premium growth as first-quarter claims climb (3)

Chinese insurers post premium growth as first-quarter claims climb

China’s insurance sector has reported a steady expansion in primary premium income alongside a corresponding rise in claim payouts for the first quarter of 2026. According to the latest regulatory supervisory data, the industry managed to achieve this growth whilst maintaining robust capital buffers that remain well above the statutory requirements set by financial authorities. […]
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Assets Worth Tk76,000 Crore Frozen in Joint Investigation (2)

Assets Worth Tk76,000 Crore Frozen in Joint Investigation

Assets worth Tk76,000 crore belonging to former Prime Minister Sheikh Hasina’s family and 10 major business groups have been frozen in Bangladesh and abroad, according to Bangladesh Financial Intelligence Unit (BFIU) chief Ikhtiar Uddin Mohammad Mamun. The announcement was made on Wednesday during the launch of the BFIU’s annual report at the Bangladesh Bank headquarters, […]
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Bangladesh Bank Mandates Prior Approval for Industrial Boiler Imports (2)

Bangladesh Bank Mandates Prior Approval for Industrial Boiler Imports

DHAKA — The central bank of Bangladesh has instituted a stringent regulatory framework for the importation of industrial boilers and their associated components, making prior official clearance mandatory. Operating under direct guidance from the Ministry of Industries, Bangladesh Bank has dispatched an official circular to all authorised dealers in foreign exchange, compelling financial institutions to […]
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India Insurance Unit Ranks Second for Grievance Handling

India Insurance Unit Ranks Second for Grievance Handling

NEW DELHI — India’s Insurance Division, operating under the Department of Financial Services (DFS), has secured the second position in the prestigious Group A category of the central government’s Grievance Redressal Assessment and Index (GRAI) for May 2026. The performance index evaluation also saw the Banking Division under the same department achieve the sixth rank. […]
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