In a decisive shift in monetary policy, Bangladesh Bank (BB) has aggressively intervened in the foreign exchange market, purchasing approximately $3.93 billion since the commencement of the 2025–26 fiscal year (FY26). This strategic accumulation of the US dollar marks a significant departure from previous years, reflecting a newfound stability in the country’s external sector and […]

In a landmark shift for the nation’s financial landscape, the interim government has promulgated the Microfinance Bank Ordinance, 2026. This legislation paves the way for a new breed of financial institutions—Microfinance Banks (MFBs)—designed to bridge the gap between traditional non-governmental microcredit operations and formal commercial banking. Operating under the stringent oversight of the Bangladesh Bank, […]

Pragati Insurance Limited has achieved a significant milestone in the financial sector by clinching first place in the Non-Life Insurance category at the prestigious IDRA Insurance Excellence Award 2025. This accolade, instituted by the Insurance Development and Regulatory Authority (IDRA), recognises the firm’s unwavering commitment to operational integrity and industry leadership. A Benchmark for Excellence […]

Depositors of the Sammilita Islami Bank (SIB) are set to receive a maximum dividend of 9.5% starting from the 2026 financial year, the Governor of Bangladesh Bank, Ahsan H. Mansur, announced today at a press briefing held at the central bank’s headquarters. He noted that the dividend rate has been determined based on market conditions […]

Citizens Bank PLC has officially inaugurated its new branch in the heart of Dhaka’s bustling Kawran Bazar, located on Kazi Nazrul Islam Avenue. The expansion underscores the bank’s commitment to strengthening its presence in the capital city while providing enhanced financial support to local businesses and the wider community. The inauguration ceremony was graced by […]

MetLife, the renowned United States-based life insurance provider, has been honoured with the 2025 Insurance Excellence Award by Bangladesh’s Insurance Development and Regulatory Authority (IDRA) for outstanding performance in the life insurance sector. The award recognises insurers that excel in customer satisfaction, financial stability, and service quality, underscoring MetLife’s leading position in the Bangladeshi market […]

NCC Bank has taken a significant step towards strengthening environmental and social responsibility within Bangladesh’s banking sector by launching a state-of-the-art automated Environmental and Social Risk Management (ESRM) platform. The innovative, technology-driven system is designed to enhance the speed, transparency, and accuracy of the bank’s lending assessment processes while ensuring full compliance with both international […]

The ongoing recruitment process of the Insurance Development and Regulatory Authority (IDRA) has been immediately suspended following a formal court notice filed by four of its officers. The notice asserts that the current recruitment activities directly conflict with a High Court directive issued in 2023. The officers have demanded written assurance from the authority within […]