With a large number of restaurants, boutiques, and salons closed due to the COVID-19 pandemic, many Bangladeshis lucky enough to still have an income of any kind are discovering they're actually saving money. "I'm spending way less," said Golam Morshed, 32, who works in a bank in Dhaka. "With the exception of groceries, all of my
Tag: BANKS
BB asks banks to ensure smooth digital services during Eid holidays
Country's central bank yesterday asked the commercials banks to ensure smooth and uninterrupted transactions through the Automated Teller Machine (ATM), Point of Sale (POS), e-Payment Gateway or internet banking and Mobile Financial Services (MFS) during the vacation of Eid-ul-Adha. Bangladesh Bank (BB) in a circular instructed the banks to ensure adequate security at
Banks of RMG industrial areas remain open on Friday
Branches of the scheduled banks in the ready made garments (RMG) industrial areas will remain open on July 31 (Friday) for the convenience of paying the workers’ salaries, reports BSS. “Branches of the scheduled banks located near garments industrial areas in Dhaka city, Ashulia, Tongi, Gazipur, Savar, Bhaluka, Narayanganj and Chattogram
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 asks banks to spend 60% CSR fund for health sector
Banks were instructed to ensure the full and proper spending for the health sector under their corporate social responsibility (CSR) initiatives amid the current context of pandemic. The instructions came up from a circular issued on Wednesday. According to the existing rules, the health sector accounts for 60 per cent of the allocation
It’s the FinTech Era
‘THERE ARE TREMENDOUS POSSIBILITIES FOR NRBs HERE AND WE WANT TO ENABLE THOSE POSSIBILITIES’
The current chairman of NRB Global Bank, Nizam Chowdhury says non-resident Bangladeshis (NRB) were neglected in the banking sector despite the huge contribution they make to the economy. This is what prompted him to launch the specialized NRB banking in Bangladesh. Following his footsteps, soon other NRB banks began. With more
‘I DREAM OF DEMOCRATISING TECHNOLOGY IN BANGLADESH – WHERE EVERY CITIZEN HAS ACCESS TO TECHNOLOGY’
Sonia Bashir Kabir needs no introduction. Although often reduced to just a ‘woman’ role model, which she is, her illustrious career can certainly be an example to follow for both men and women in the tech business or any other business in any profession. With her past experiences of heading Microsoft’s
FACTORS AFFECTING “JOB SATISFACTION” IN COMMERCIAL BANKS
During the last decade of the twentieth century, we have been experiencing a tremendous growth in banking sector of Bangladesh. Private commercial banks play a vital role in the overall development of our economy and to be specific in employment sector of our country. Though it is a challenging profession,