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Banks awash with savings deposit during the Covid-19 pandemic

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

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 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

FinTech is becoming increasingly important. People in the developed world are already familiar with its ever growing existence. But in Bangladesh it is still quite obscure as a concept, even though we, too, benefit from it. This is a good time to get more familiar with the term FinTech and


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,