Bangladesh is preparing for significant amendments to the Insurance Corporation Act, which may bring substantial changes to the country’s reinsurance market. If implemented, the reforms could create new challenges for the state-owned Sadharan Bima Corporation (SBC), particularly in areas involving government expenditure, foreign-funded projects, and reinsurance income. Under the existing law, any government property or […]

Prime Bank PLC has reinforced its pledge to responsible, climate-conscious banking with the formal release of its latest Sustainability Report and Climate Action Report, marking another significant milestone in the institution’s long-term environmental and social strategy. The reports were unveiled at a ceremony held at The Westin Dhaka, underscoring the growing importance of sustainability within […]

The Dhaka Transport Coordination Authority (DTCA) has taken an initiative to integrate bank-issued debit and credit cards with the Rapid Pass system as part of efforts to modernise urban mobility. Once implemented, metro rail passengers will be able to use their regular bank cards for station entry, eliminating the need for a separate transit card […]

Bangladesh Bank Governor Dr. Ahsan H. Mansur has announced a major development for the country’s digital economy, stating that global digital payment service provider PayPal is keen to begin operations in Bangladesh very soon. If implemented, this move is expected to significantly ease international transactions for freelancers, online entrepreneurs, and small exporters across the country. […]

The fixed deposit (FDR) scheme of Sonali Bank PLC is considered a reliable savings option for many customers. Those wishing to deposit amounts between one and three lakh taka often want to know the exact returns based on the official profit rates. Using the updated rates effective in 2025, the estimated profit for tenures of […]

Bangladesh Bank Governor Dr Ahsan H. Mansur has confirmed that the central bank injected Tk 22,500 crore into the country’s banking system to protect depositor funds and stabilise six financial institutions facing severe liquidity shortages. The intervention, carried out through temporary money creation, was described as a necessary step to preserve systemic stability and prevent […]