The central bank of Bangladesh has strengthened credit accessibility for marginal and landless agricultural workers by integrating preferential mechanisms into its dedicated refinancing scheme. Financial institutions across the country have been directed to grant preferential consideration to registered Farmer Smart Card holders to facilitate a steady flow of formal credit into the rural agrarian economy. […]

State-owned BASIC Bank has formally approached the government for regulatory permission to host and manage the bank accounts of state-financed and donor-funded development projects. The initiative forms part of the lender’s wider strategy to reinforce its deposit base, decrease funding expenses, and systematically restore its financial viability. In an official memorandum submitted to the Ministry […]