Category: State

Bangladesh Bank Permits Controlled Taka Depreciation

Bangladesh Bank Permits Controlled Taka Depreciation

The Bangladesh Bank has begun allowing a measured depreciation of the taka against the US dollar, reversing its earlier policy of actively defending the currency. This policy shift, initiated in March, responds to the sharp rise in global energy prices triggered by the ongoing Iran conflict, which has intensified pressures on import payments, foreign exchange […]
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Islamic Interbank Market to Launch by June

Islamic Interbank Market to Launch by June

Bangladesh Bank is preparing to introduce a Shariah-compliant interbank money market by June this year, aiming to strengthen liquidity management for Islamic banks and enhance stability across the sector. Currently, Islamic banks in Bangladesh face significant challenges during liquidity shortages. Unlike conventional banks, they cannot access the call money market, which operates on interest-based transactions, […]
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Midland Bank Strengthens Women Leadership Through Capacity Workshop Midland Bank Strengthens Women Leadership Through Capacity Workshop

Midland Bank Strengthens Women Leadership Through Capacity Workshop

Midland Bank Limited has reinforced its commitment to gender inclusion and professional excellence by organising a specialised workshop titled “Leadership for Women in the Workplace.” at the bank’s training institute, the initiative highlights a growing recognition within Bangladesh’s financial sector that empowering women is essential to sustainable institutional growth and competitiveness. The workshop convened 41 […]
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Youth Inclusion Drives Nigerias Insurance Sector Transformation Youth Inclusion Drives Nigeria’s Insurance Sector Transformation

Youth Inclusion Drives Nigeria’s Insurance Sector Transformation

The National Insurance Commission (NAICOM) has intensified its call for greater youth participation in Nigeria’s insurance and pension sectors, positioning young people as pivotal to the industries’ long-term sustainability and relevance. The appeal was delivered by the Commissioner for Insurance and Chief Executive Officer, Olusegun Omosehin, at the 10th Business Today Annual Conference in Lagos. […]
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Americas Fire Lab Transforms Housing Safety America’s Fire Lab Transforms Housing Safety

America’s Fire Lab Transforms Housing Safety

A pioneering disaster simulation laboratory in the United States is reshaping how homes are designed, constructed, and insured, as climate-driven hazards exert unprecedented pressure on the housing sector—particularly in wildfire-prone regions such as California. At the forefront of this effort is the Insurance Institute for Business & Home Safety (IBHS), which operates a full-scale, state-of-the-art […]
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NRBC Bank Celebrates Fourteenth Year Anniversary

NRBC Bank Celebrates Fourteenth Year Anniversary

NRBC Bank has proudly entered its 14th year of operations, surpassing thirteen years since its inception. To mark this milestone, the bank organised a formal ceremony emphasising its ongoing dedication to transparency, accountability, and strong governance. The event also highlighted NRBC Bank’s commitment to financial inclusion, aiming to bring banking services within reach of low-income […]
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Bengali QR Code Mandatory for All Transactions From July

Bengali QR Code Mandatory for All Transactions From July

Starting July 2026, all digital transactions at merchant points across Bangladesh must exclusively use the Bengali QR code, according to a new directive from Bangladesh Bank. Transactions via any other QR code or digital payment system will no longer be permitted. The central bank has mandated that all banks, mobile financial service (MFS) operators, and […]
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Bangladesh Current Account Nearly Doubles FY25

Bangladesh Current Account Nearly Doubles FY25

Bangladesh’s current account balance surged sharply in the 2024-25 fiscal year, reflecting strong remittance inflows and sustained export growth. Yet, a persistent trade deficit continued to weigh on the country’s external position. Official data from the Bangladesh Bank showed that the current account balance rose by nearly 98 per cent year-on-year, reaching Tk 15.1 billion. […]
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Insurance Exposure to Private Credit Insurance Exposure to Private Credit

Insurance Exposure to Private Credit

Concerns are mounting among investors and economists over the deepening entanglement between the life insurance sector and the private credit market, with warnings that risks embedded in complex debt instruments could ultimately be transmitted to ordinary policyholders. According to market analysts, life insurers are increasingly channeling funds from long-term savings products—particularly annuities designed to provide […]
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Meghna Bank Recruitment Drive Opens Meghna Bank Recruitment Drive Opens

Meghna Bank Recruitment Drive Opens

Meghna Bank PLC has initiated a nationwide recruitment exercise to strengthen its workforce across several key regions of Bangladesh. The private commercial bank is inviting applications for the position of Recovery Officer, targeting skilled and experienced professionals capable of supporting its loan recovery and risk management operations. According to the official recruitment notice, the application […]
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