Earlier the highest rate of interest was 9 percent. But the central bank retreated from its previous position of setting a fixed interest rate. At present, the interest rate on the loan is decided following the six-month moving average rate of Treasury Bills (SMART) method. Earlier, 3.5 percent additional interest was added to this base […]
Bangladesh Bank spokesperson Mazbaul Haq said the two banks have signed an agreement for the merger. They will submit further applications. After their proposal is approved, Bangladesh Bank will review it. Then they will be approved for merger. When permission is granted to launch the new bank, Padma Bank will be dissolved. He said that […]
In this regard, an agreement has been signed recently between Bangladesh Medical College Hospital, Dhanmandi and Uttara Modern Medical College Hospital and Bikash. Major General Mohammad Rafiqul Islam (Retd), Honorary Secretary of Bangladesh Medical Studies and Research Institute and Ali Ahmed, Chief Commercial Officer of Bikash signed the agreement on behalf of their respective organisations. […]
Earlier on Monday, Bangladesh Bank had issued a circular to facilitate liquidity to Islamic banks. The order came into effect from the day. Using this facility, Islamic banks began lending money to the central bank by depositing sukuk (Islamic bonds or “Sharia-compliant” bonds).
Mobile banking account holders can check their balance for free from their mobile phones. But this situation may change soon. In a recent directive from BTRC (Bangladesh Telecommunication Regulatory Commission) it has said, Mobile Financial Service (MFS) operators will need to pay mobile operators for every sessions. Every transection, checking balance, taking statements, etc are […]
The central bank Bangladesh Bank has increased transection limit of all mobile financial services, commonly known as mobile banking services. Many people of the country don’t have access to traditional banking service. So mobile banking services like bKash, Rocket are Sure Cash are very useful for them. Many urban and rural people have been using […]
BRAC Bank now introduced mobile promissory note regulating dungeon phone as the apparatus to suggest the services during the doorsteps of the people, generally who have been out of the coverage of unchanging promissory note services. Bangladesh Bank (BB) Governor Dr Atiur Rahman inaugurated the services during the programme this dusk during the road house […]
