Category: State

Midland Bank Holds Leaders Meet

Midland Bank Holds Leaders Meet

Midland Bank PLC convened a “Leaders Meet” with its Branch Managers on Saturday, 11 April 2026, at the MDB Training Institute, according to a media release issued by the bank. The programme aimed to reinforce collaboration, promote open communication, and address critical operational and business matters across its network. The initiative brought together senior executives […]
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Controversial Law Lets Failed Bank Owners Reclaim Control Controversial Law Lets Failed Bank Owners Reclaim Control

Controversial Law Lets Failed Bank Owners Reclaim Control

Bangladesh’s newly enacted Bank Resolution Act has sparked widespread debate, after a contentious provision paved the way for former owners of distressed or merged banks to regain control under comparatively relaxed financial conditions. The legislation, which replaces an earlier ordinance issued during the interim administration, has been passed by parliament with most of its original […]
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Bangladesh Bank Enforces Strict Rules On Damaged Notes Bangladesh Bank Enforces Strict Rules On Damaged Notes

Bangladesh Bank Enforces Strict Rules On Damaged Notes

The Bangladesh Bank has introduced a stringent directive compelling all scheduled banks to accept and exchange torn, mutilated, and soiled banknotes, warning of strict penalties for non-compliance. The move comes in response to mounting public dissatisfaction over the widespread circulation of damaged currency, which has increasingly disrupted everyday financial transactions across the country. Issued on […]
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Bangladesh Foreign Exchange Stability Bangladesh Foreign Exchange Stability

Bangladesh Foreign Exchange Stability

The daily movement of foreign exchange rates plays a pivotal role in Bangladesh’s increasingly trade-oriented and remittance-dependent economy. With millions of expatriate workers contributing to a steady inflow of remittances, the country’s foreign currency reserves remain significantly supported. At the same time, exchange rate fluctuations directly influence import costs, export competitiveness, and overall macroeconomic stability. […]
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Law Change Opens Bank Reclaim Route

Law Change Opens Bank Reclaim Route

An amendment to Bangladesh’s Bank Resolution Ordinance has introduced a legal mechanism that allows former owners of distressed banks to seek restoration of control over institutions currently undergoing resolution. The change applies to the ongoing consolidation of five troubled banks—First Security Islamic Bank, Social Islamic Bank, Union Bank, Global Islamic Bank, and Exim Bank—into Sammilito […]
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EBL, MPA Partner for Digital Transactions

EBL, MPA Partner for Digital Transactions

Eastern Bank PLC has signed a Memorandum of Understanding (MoU) with the Mongla Port Authority to introduce advanced digital banking services at Mongla Port, aiming to improve the efficiency and reliability of financial transactions at the country’s second-largest seaport. The MoU was signed recently at Mongla, according to a media release issued by the bank. […]
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Digital Banking Risks Highlighted in Dhaka

Digital Banking Risks Highlighted in Dhaka

Bangladesh must strengthen its institutional and regulatory readiness before issuing licences for digital banks, as the model carries inherent risks such as fraud and cyber theft, experts warned at a conference in Dhaka on Saturday. The observations underscored the need for a cautious and well-structured approach to financial innovation in an increasingly digitised economy. Digital […]
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Bank Stocks Lift Market Prevent Broader Weekly Decline Bank Stocks Lift Market, Prevent Broader Weekly Decline

Bank Stocks Lift Market, Prevent Broader Weekly Decline

Bangladesh’s capital market staged a modest recovery over the past week, with a rebound in banking shares playing a decisive role in preventing a broader downturn. After several consecutive weeks of weakness in the banking sector, renewed investor interest—fuelled largely by dividend expectations—helped stabilise the market and push key indices into positive territory. At the […]
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