Photo: Collected Bangladesh Bank (BB) has instructed all mobile financial service (MFS) providers to inform their customers about type and charges of the products in details to ensure transparency of their services. “MFS companies should prepare ‘frequently asked questions’ and schedule of charges of their services, to be featured on both
Tag: Bangladesh Bank
“Fintech start-ups can provide a range of cost-effective digital financial services”
An interview with Dr Iftekhar Ahmed Robin, Joint Director at Bangladesh Bank Started his career journey as a journalist in the Daily Ittefaq, Dr. Iftekhar Ahmed Robin showed his interest in reporting on the area of business, financial market and fintechs. Later in 2005, Dr. Robin joined the country’s Central Bank
Country gets $1,963.94m remittance in August
Expatriate Bangladeshis during the month of August in the fiscal 2020-21 which is the second highest in the country’s history sent around US$1,963.94 million remittance, says the latest data of Bangladesh Bank. Earlier, the monthly inflow of remittance hit an all-time high in July this year, which was $2,598.21 million. In August of this fiscal
BB wants banks to form special fund to invest in capital market: BSEC Chairman
"A total of 13 banks have formed low-interest special fund to invest in the capital market to further revive it," said Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat Ul Islam. The BSEC Chairman said this while addressing a resurgent dialogue on the impact of Coronavirus and to overcome it
BB reappoints Fazle Kabir as governor
BSS The government has reappointed Fazle Kabir as the Bangladesh Bank governor after 12 days of his previous tenure ended on July 3. Finance Ministry on July 15 issued a gazette notification in this regard. Fazle Kabir has been reappointed as per the Bangladesh Bank (Amendment) Act 2020 and his present tenure
Kazemi was not just banker but an intellectual too: BB Governor
Bangladesh Bank governor Fazle Kabir said, the central bank adviser Allah Malik Kazemi was not a central banker, he was an outstanding intellectual as well. The governor also said, Kazemi’s death has made an irreparable gap in the central bank as he (Kazemi) was a versatile ingenious. Fazle Kabir told this
COVID 19: Banks in red zones to remain off
The Central Bank of the country, with a condition has announced new banking hours for branches in red zones and other risky areas, marked on the basis of Covid-19 infections and deaths. “Bank branches at red zones will remain closed. However, if the health department, the city corporation, or district authorities
BB instructs no penalty fee for late deposit payment
BB plans to release Tk25,000 crore new notes
Bangladesh Bank plans to release new currency notes of Tk25,000 crore in the market before Eid Ul Fitre. The money will be released around a week before Eid-ul-Fitr, official sources said. “We’ve set a target to release Tk25,000 crore before Eid,” Sirajul Islam, Bangladesh Bank spokesman and executive director, said, reports UNB. He
Premier Bank Limited inks a deal with Bangladesh Bank Refinance Scheme for New Entrepreneurs
The Premier Bank Limited has signed an agreement with Bangladesh Bank Refinance Scheme for New Entrepreneurs in Cottage, Micro and Small Enterprise Sector to support the development of the new entrepreneurs. Mrs. Laila Rashid, General Manager- SME & Special Programmes Department, Bangladesh Bank and M. Reazul Karim, Managing Director & CEO