A legal notice has been issued demanding the immediate withdrawal of the Insurance Business Registration Fee (Amendment) Regulations, 2024, which introduced a significant increase in insurance company registration renewal fees. The notice also calls for the suspension of all activities related to the collection of the revised fees. The notice was issued in the public […]

Sonali Life Insurance Company Limited has conducted a specialised professional development programme titled “Career Guide Special Training” at the Khulna Shilpakala Academy. The training session was organised recently with the participation of branch managers from across the Khulna division. The initiative focused on strengthening professional competencies, improving career planning awareness, and enhancing the effectiveness of […]

A formal memorandum of understanding has been signed between Chartered Life Insurance PLC and HMCL Niloy Bangladesh Limited, the authorised distributor of Hero motorcycles in Bangladesh. Under this agreement, purchasers of Hero motorcycles in the country will receive integrated insurance protection coverage provided by Chartered Life Insurance. The agreement was concluded at a recent official […]

Textile exporters and millers in Bangladesh are under growing financial strain as a large number of troubled commercial banks have failed to settle long-overdue payments against local back-to-back letters of credit (LCs), leaving accepted bills unpaid for years despite contractual maturity obligations. According to bankers and industry stakeholders, outstanding liabilities linked to such unpaid bills […]

Bangladesh’s gross foreign exchange reserves stood at $30.46 billion as of 21 April, marking a slight increase from the previous level of $30.37 billion, according to central bank officials. The updated figure was confirmed by Arif Hossain Khan, spokesperson and Executive Director of Bangladesh Bank, while speaking to journalists. The revision reflects recent foreign currency […]

The stock of forced loans at Rupali Bank climbed to $1.87 billion by the end of December 2025, reflecting a sustained rise over recent years and prompting concern over the bank’s financial condition, according to findings from the Bangladesh Bank. Central bank data shows that forced loans increased by 91.59% compared with 2021, when the […]

NRBC Bank PLC has formalised a remittance distribution agreement with BRAC Saajan Exchange Ltd, United Kingdom, aimed at facilitating the transfer of funds sent by Bangladeshi expatriates to their beneficiaries in Bangladesh through formal banking channels. According to a press release issued by NRBC Bank PLC, the signing ceremony was held on Monday (20 April […]