Thursday, November 30, 2023

Brac Bank, BB hold training for entrepreneurs

Business Desk : 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

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

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