Legal concession for Nagad Digital Bank: exemption from shareholding restrictions

Digital banks also cannot provide any over-the-counter services and must provide round-the-clock service. To provide better services to the consumers, developed technology-based products including virtual cards, QR codes can be introduced but no plastic cards can be supplied. However, consumers can use ATM booths and agents of other banks to avail the services. Apart from […]

Nagad gets final nod to issue 5.10 taka bonds

In this way, Nagad Limited is expected to become a profitable company, the concerned officials expressed hope. Talking about this with BSS, Head of Public Communications, Nagd, Muhammad Zahidul Islam said, “The world’s fastest growing mobile financial service Nagd has crossed 70 million customers. Keeping in view the future needs to serve the customer base […]

Cash-strapped Islamic bank tries to lure Nagad to deposit large sums with higher interest rates

Defending the move, the bank’s Managing Director, MD Monirul Moula told bdnews24.com that the rate is practical as the entire banking sector is grappling with cash crunch. “However, this is still an estimated ‘profit’ rate, which may fluctuate after we prepare our annual financial reports depending on whether we make an actual profit,” he added. […]