Category: State

Nagad Partners With Postal Department For Life Insurance 2 Nagad Partners With Postal Department For Life Insurance

Nagad Partners With Postal Department For Life Insurance

The Bangladesh Post Office has formalised a strategic agreement with the mobile financial service provider, Nagad, to digitalise the premium collection process for Postal Life Insurance (PLI). This collaboration, finalised on Wednesday at the Dak Bhaban, aims to eliminate the traditional requirement for policyholders to visit physical post office branches and wait in queues to […]
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Central Bank Mandates QR Codes On Visa Documents 1 Central Bank Mandates QR Codes On Visa Documents

Central Bank Mandates QR Codes On Visa Documents

The central bank of Bangladesh has issued a formal directive requiring all scheduled commercial banks to incorporate Quick Response (QR) codes on bank statements and other financial documents provided for visa applications. This regulatory measure, announced on Tuesday, 12 May 2026, aims to facilitate the rapid and seamless verification of financial records by foreign embassies […]
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Bangladesh Bank Purchases Further Twenty Million US Dollars 2 Bangladesh Bank Purchases Further Twenty Million US Dollars

Bangladesh Bank Purchases Further Twenty Million US Dollars

The central bank of Bangladesh has continued its strategic acquisition of foreign currency, purchasing an additional 20 million US dollars through an official auction. This latest financial manoeuvre was confirmed on Tuesday, 12 May 2026, by Arif Hossain Khan, the Executive Director and official spokesperson for Bangladesh Bank. This transaction represents a persistent effort by […]
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Weak Infrastructure Threatens Southeast Asian Insurance Profits Weak Infrastructure Threatens Southeast Asian Insurance Profits

Weak Infrastructure Threatens Southeast Asian Insurance Profits

General insurers across Southeast Asia face a potential profitability deficit of up to four percentage points if they attempt to implement artificial intelligence (AI) upon antiquated data systems. Industry experts warn that substandard infrastructure is currently obstructing the operational gains typically associated with automation and advanced analytics. Raunak Mehta, co-founder and Chief Executive Officer of […]
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Navi Expands Cashless Motor Network via New Partnerships Navi Expands Cashless Motor Network via New Partnerships

Navi Expands Cashless Motor Network via New Partnerships

Navi General Insurance, the dedicated insurance division of the Indian financial services conglomerate Navi, has formalised strategic partnerships with four key automotive service providers. This development is designed to augment the company’s ‘Cashless Anywhere’ initiative, significantly broadening the geographical reach and technical scope of its motor insurance claims infrastructure. Strategic Collaborations and Service Integration The […]
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Exchange Rates Show Mixed Trends Exchange Rates Show Mixed Trends

Exchange Rates Show Mixed Trends

The foreign exchange market in Bangladesh opened on Tuesday with a broadly mixed performance, as global geopolitical tensions—particularly ongoing instability in the Middle East—continue to influence currency movements. Over the past two months, the market has experienced persistent volatility, with most foreign currencies fluctuating against the Bangladeshi Taka amid shifting global demand and import pressures. […]
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Bangladesh Bank Orders Launch of E Loan Service Bangladesh Bank Orders Launch of E-Loan Service

Bangladesh Bank Orders Launch of E-Loan Service

Bangladesh Bank has issued directives to introduce an online-based “e-loan” facility, marking a significant step towards expanding the country’s digital financial ecosystem. The initiative is designed to make banking services faster, more accessible, and fully remote, allowing customers to apply for, receive approval for, and obtain loan funds without physically visiting a bank branch. According […]
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Insurers Face Significant Hurdles in Assessing Cyber Risks

Insurers Face Significant Hurdles in Assessing Cyber Risks

A comprehensive industry survey conducted by GlobalData in the first quarter of 2026 has revealed that nearly one-third of insurers find the assessment of cyber risks to be their primary obstacle in providing coverage. The poll, which gathered responses from 109 industry participants across Verdict Media platforms, highlights the growing complexity of the digital threat […]
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