Business Desk : dhakamirror.com Brac Bank conducted a training with technical assistance from Bangladesh Bank for 50 promising entrepreneurs. The “Entrepreneurship Development Programme” was held in two phases at the lender’s head office in Dhaka yesterday, said a press release. The programme is funded by Asian Development Bank and managed by Skills for Employment Investment ... Read more
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Bangladesh Bank dismisses news of scrapping Tk 1,000 red-coloured notes as rumour
The central bank has brushed aside as simply a rumour the news that the Tk 1,000 red-coloured bank notes will be scrapped. The news to withdraw the red-coloured banknotes of Tk 1,000 denomination by the regulator that spread on social media is fake, the banking regulator made the
Banks to remain open on April 30
The Bangladesh Bank today asked banks to keep their doors open and run operations on a limited scale on April 30, a public holiday, in order to settle the increased number of financial transactions ahead of Eid-ul-Fitr. In 2022, the number of banking transactions have increased substantially year-on-year, which has also fuelled cash withdrawals and deposits ... Read more
Al-Arafah, Mastercard bring contactless cards
Al-Arafah Islami Bank, in collaboration with Mastercard, yesterday launched the first contactless Islami debit and prepaid cards in Bangladesh. The move came after Bangladesh Bank last month gave the green light to roll out contactless debit and prepaid cards with a view to pushing
Agent banking transactions top Tk 50,000cr
The amount of money transacted through agent banking exceeded the Tk 50,000-crore mark for the first time in January 2022 as the service has managed to expand its reach in the country’s rural areas. The Bangladesh Bank gave agent banking licence in 2014 with a view to bringing the unbanked people under the formal banking channel ... Read more
BB launches Tk 1,290cr CMSE loan scheme
The Bangladesh Bank on Thursday launched an Asian Development Bank-funded $150 million or Tk 1,290 crore in refinance scheme to support setting up cottage, micro and small enterprises by returning migrant workers, youths and rural enterprises. Under the project, the returning migrants, youths and rural enterprises will receive
Soft Tech Innovation gets BB’s PSO licence
The Bangladesh Bank on Tuesday gave licence to Soft Tech Innovation Ltd to operate as a payment system operator under its brand name of aamarPay, taking the country’s total PSO licensees to seven. The central bank’s payment systems department issued a circular on Tuesday, saying that the licence was issued under the Bangladesh Payment and ... Read more
Nagad Ltd barred from opening trust-cum settlement account without approval
The Bangladesh Bank has asked banks not to open any trust-cum settlement account (TCSAs) under the name of Nagad Ltd. The central bank issued a letter to banks on September 2 asking them not to open such accounts in the name of Nagad Ltd without its prior approval and the Bangladesh Post Office (BPO). Nagad ... Read more
No advance payments in e-commerce: BB
Bangladesh Bank yesterday said e-commerce platforms would not be able to receive payments in advance for any products or services rendered. Some e-shops instruct shoppers to deposit money directly into their respective bank accounts before delivering a product or service, breaching Bangladesh Bank regulations
Mobile banking to get a further boost
Mobile banking will get a further boost as the central bank proposes to channel all financial payments through mobile phones under stronger tie-ups between banks, cell phone operators and other service providers. The draft Regulatory Guidelines for Mobile Financial Services in Bangladesh, published on Monday, will turn every mobile phone into a digital wallet and
Transactions cross Tk 420cr
The value of the total number of daily transactions through mobile financial services (MFS) has crossed Tk 420 crore in May for the first time since the launch of the service in 2011. “After negative growth in April this good news. MFS is gaining popularity as people can send and receive money when they need ... Read more
BB asks Sonali to settle inland bills under ACC probe
The Bangladesh Bank has asked Sonali Bank to settle overdue payment of Tk 1,372.03 crore to 36 local and foreign banks in the country against its acceptance bills which are being investigated by the Anti Corruption Commission. The BB on June 6 issued a letter to the managing
BB receives 100 pieces of ancient currencies
Bangladesh Bank on Wednesday received 100 pieces of ancient currencies from Bangladesh Numismatic Collectors’ Society. Members of the society handed over the currencies to BB governor Atiur Rahman on the day. The currencies were from the Sultan dynasty,
Mobile banking customers over 52 lakh: BB
The number of users availing themselves of mobile banking facilities in the country has hit 52.54 lakh, said a Bangladesh Bank official on Monday. ‘In April, the number of subscribers has exceeded 50 lakh taking the total number to 52.54 lakh (as of June 10),’ he told UNB.
Govt to amend rule to borrow from Islamic banks
The government has taken an initiative to amend the existing Islamic Investment Bond Rules-2004 in a bid to borrow from the country’s Islamic banks on mandatory basis, said officials of Bangladesh Bank. The government now takes loan from the traditional
Remittance hits 11-month low in May
The country’s remittance inflow hit an 11-month low of $1.07 billion in May due to continued declining trend of the US dollar against the local currency Taka, said officials of Bangladesh Bank. They said that political unrest was another cause of the lower inflow of remittance last month as such type of situation usually created ... Read more
Farm loan release target up 3.29pc
Bangladesh Bank has increased the farm loan disbursement target by 3.29 per cent to Tk 14,595 crore for local and foreign banks for the fiscal year 2013-14, said officials of the central bank. The BB had set annual farm loan disbursement target at Tk 14,130 crore for the FY 2012-13, Tk 13,800 crore for the ... Read more
Govt borrowing from commercial banks on rise
The government borrowing from the commercial banks increased to Tk 20,453.30 crore in the first 10 months and 26 days of the current fiscal year as the government started borrowing heavily at the last stage of its tenure to meet up its budgetary allocation, said officials of Bangladesh Bank. According to the latest BB data ... Read more
BB uses software to detect people linked to terror financing
The Bangladesh Bank (BB), by using goAML software, has identified some people involved in terror financing and money laundering. Sources in the home ministry said that the BB had used goAML to analyse the Cash Transaction Reports (CTRs) and Suspicious Transaction Reports (STRs) of seven private commercial banks.
BB allows overseas payment with int’l credit card
The Bangladesh Bank on Thursday decided to allow international credit cardholders to purchase goods and services online in foreign currency. The BB in a circular said that the cardholders could spend $1,000 a year in addition to unused yearly travel quota under the online payment system.