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BB asks MFS cos to inform clients about product charges

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

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 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

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

The Bangladesh Bank (BB) has recently made instructions to all banks not to charge any penalty fee on its DPS and other deposit scheme customers for late payment in April and May amid the Covid-19 pandemic. Issued a circular on May 31, BB also instructed banks not to close any DPS or

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

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