In a strategic move to stimulate domestic investment and alleviate the financial burden on the business community, Bangladesh Bank has implemented a significant reduction in the maximum rate of penal interest applicable to overdue loans. According to a new directive issued on Wednesday, 13 May, the central bank has capped the penal interest rate at […]

In a definitive move to bolster transparency and accountability within the nation’s financial sector, Bangladesh Bank has issued a comprehensive new directive. The central bank has imposed a stringent ban on its officers and staff participating in training programmes, seminars, symposiums, and workshops—both domestically and abroad—that are funded by commercial banks, financial institutions, or related […]