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IFIC Bank Spearheads Jessores Digital Payment Revolution IFIC Bank Spearheads Jessore’s Digital Payment Revolution

IFIC Bank Spearheads Jessore’s Digital Payment Revolution

GLive24.com DeskDecember 24, 2025
Under the strategic guidance of Bangladesh Bank, a transformative day-long campaign was successfully executed in Jessore to accelerate the “Cashless Bangladesh” initiative. Serving as the designated “Lead Bank” for the district, IFIC Bank PLC coordinated a series of high-impact events aimed at dismantling the traditional reliance on physical currency. The summit, held on Tuesday, 23rd […]
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Forex Reserves Breaching 28 Billion as Inflows Surge Forex Reserves Breaching $28 Billion as Inflows Surge

Forex Reserves Breaching $28 Billion as Inflows Surge

GLive24.com DeskDecember 24, 2025
The external financial position of Bangladesh has received a substantial boost, with gross foreign exchange reserves successfully breaching the $28 billion mark. According to Arif Hossain Khan, the Executive Director and spokesperson for the central bank, gross reserves reached $28.04 billion on 22 December 2024. This development marks a significant shift in the country’s economic […]
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General Insurance Reform The End of the Agency Era General Insurance Reform: The End of the Agency Era

General Insurance Reform: The End of the Agency Era

GLive24.com DeskDecember 24, 2025
The foundational structure of Bangladesh’s general insurance sector is set for a radical realignment following a definitive intervention by the Insurance Development and Regulatory Authority (IDRA). For years, the “agent commission” has been a polarising element of the industry—viewed by some as the essential engine of business growth and by others as a primary catalyst […]
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Fluctuating Premiums and Rising Assets in Insurance Sector Fluctuating Premiums and Rising Assets in Insurance Sector

Fluctuating Premiums and Rising Assets in Insurance Sector

GLive24.com DeskDecember 24, 2025
The Bangladesh Insurance Association (BIA) has unveiled its comprehensive annual report for 2024, providing a detailed audit of the nation’s private insurance landscape. Presented during the association’s Annual General Meeting, the findings illustrate a sector defined by a notable dichotomy: while total assets and life funds continue to show robust expansion, premium income and investment […]
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Bangladesh Insurance Market, Sector, and Industry Overview

Bangladesh Insurance Market, Sector, and Industry Overview

Jim Rahman Sub-Editor (News Desk) | glive24.comDecember 23, 2025
Bangladesh’s economy is expanding rapidly, with the insurance sector emerging as an increasingly vital component of this growth. However, there remains considerable confusion among citizens, investors, and policyholders regarding the distinctions between the “insurance market,” “insurance sector,” and “insurance industry.” Understanding these differences is essential for making informed investment decisions, managing risks, and shaping policy […]
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National Life Disburses Tk37.5 Crore Insurance Claims

National Life Disburses Tk37.5 Crore Insurance Claims

Jim Rahman Sub-Editor (News Desk) | glive24.comDecember 23, 2025
National Life Insurance has successfully disbursed insurance claims amounting to Tk37.5 crore to its customers in the Greater Dhaka area. The cheque distribution ceremony took place on Saturday, 20 December, at the company’s annual ‘Year-End Planning’ meeting held at Fantasy Kingdom, Ashulia. The event was attended by key customers as well as the company’s development […]
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Government Remittance Incentive Arrears Exceed Tk4,000 Crore

Government Remittance Incentive Arrears Exceed Tk4,000 Crore

Jim Rahman Sub-Editor (News Desk) | glive24.comDecember 23, 2025
The government of Bangladesh now owes commercial banks over Tk4,000 crore in unpaid remittance incentives, raising alarms over the sector’s profitability and liquidity management. The delays have intensified financial pressures, particularly on medium and smaller banks, which are more vulnerable to cash-flow constraints. Under the government’s remittance incentive scheme, banks provide a 2.5% cash incentive […]
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Midland Bank Forms Strategic Partnership with Marco Polo

Midland Bank Forms Strategic Partnership with Marco Polo

Jim Rahman Sub-Editor (News Desk) | glive24.comDecember 23, 2025
Midland Bank PLC formalised a strategic partnership with Marco Polo Dhaka Hotel through the signing of a Memorandum of Understanding (MoU). The signing ceremony took place at Midland Bank’s headquarters in Gulshan-2, Dhaka, with senior representatives from both organisations in attendance. Representing Midland Bank, Chief Technology Officer (CTO) Md. Nozmul Huda Sarkar signed the agreement, […]
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Central Bank Reports Robust Growth in Foreign Reserves Central Bank Reports Robust Growth in Foreign Reserves

Central Bank Reports Robust Growth in Foreign Reserves

GLive24.com DeskDecember 23, 2025
n a significant boost to the nation’s macroeconomic outlook, Bangladesh’s foreign exchange reserves have witnessed a notable upward trend, providing a much-needed cushion against global market volatility. According to the latest figures released by the central bank on Monday, 22 December 2025, the country’s gross reserves have climbed to a substantial $32.72 billion (32,720.12 million). […]
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