Controversial Law Lets Failed Bank Owners Reclaim Control
Bangladesh’s newly enacted Bank Resolution Act has triggered widespread debate after a contentious provision allowed former owners of distressed or …
Banking
Banking
Bangladesh Bank Tightens Rules On Damaged Currency Exchange
The Bangladesh Bank has moved decisively to address the growing problem of damaged currency in circulation by issuing a strict …
Sharp Rise in Bank Borrowing
Bank borrowing by the government has surged significantly over a short period, raising concerns among economists and market analysts about …
Bangladesh Forex Market Remains Steady
Bangladesh’s economic framework is heavily reliant on external trade, remittance inflows from expatriate workers, and international financial transactions. As a …
Amendment Allows Reclaiming Distressed Banks
An amendment to the Bank Resolution Ordinance has established a legal mechanism enabling former owners of distressed banks to regain …
EBL, MPA Sign Digital Banking MoU
Eastern Bank PLC (Eastern Bank PLC) has signed a Memorandum of Understanding (MoU) with the Mongla Port Authority to introduce …
Strengthening Defences for Digital Banking
Bangladesh must enhance its regulatory preparedness before issuing licences for digital banks, as the model carries inherent risks such as …
Banking Rally Shields Market From Broader Weekly Slide
Bangladesh’s capital market recorded a modest yet meaningful recovery over the past week, as a rebound in banking sector stocks …
BRAC Bank Internship Opportunity Announced
BRAC Bank PLC has issued a recruitment circular inviting applications for the position of Intern. Interested candidates are eligible to …
Central Bank Warns Banks on Dollar Rates
The Bangladesh Bank has issued a verbal warning to several commercial banks, cautioning them against purchasing US dollars at inflated …