The World Bank has issued an urgent warning to the public in Bangladesh regarding a surge in fraudulent schemes that exploit the institution’s globally recognised name and logo. These scams, which have proliferated across digital platforms, falsely promise low-interest personal loans in exchange for “processing fees” or “insurance charges.” Modus Operandi of the Fraudsters According […]

Dhaka, 8 January 2026: Midland Bank PLC has formally entered into a strategic partnership with MetLife Bangladesh to provide comprehensive insurance coverage for its employees and their dependents. The initiative aims to enhance employee wellbeing, offering protection against accidents, disabilities, and loss of life, alongside medical benefits for families. Under the agreement, approximately 600 permanent […]

The Bangladesh Insurance Forum (BIF), the country’s leading insurance sector body, has established a special committee to monitor the effective implementation of a zero-per cent commission policy in the non-life insurance sector. The formation of this committee follows a recent circular issued by the Insurance Development and Regulatory Authority (IDRA), which instructed the suspension of […]

Bangladesh Bank has issued new directives to ensure that remittances from overseas Bangladeshis are credited to recipients’ accounts more swiftly, securely, and transparently. Under the new guidelines, authorised dealer (AD) banks are instructed to deposit received remittances either on the same day of receipt or by the next working day. While the directive takes immediate […]

The Government of Bangladesh has appointed a new leader to steer the country’s life insurance sector, signalling a fresh strategic direction aimed at enhancing financial sector stability and improving service delivery. Mohammad Ziaul Haque, who previously served as the Senior Secretary in the Ministry of Power, Energy and Mineral Resources, has been appointed as the […]

After years of financial uncertainty and instability, Bangladeshi depositors are finally set to recover their savings from failing non-bank financial institutions (NBFIs). The central bank has confirmed that nine NBFIs have been earmarked for closure or liquidation, and the process of returning deposits will commence imminently. With government funding now assured, the central bank has […]

Mutual Trust Bank (MTB) Limited, one of Bangladesh’s leading private commercial banks, has announced a high-profile career opportunity for the position of Head of Credit Risk Management (CRM). The successful candidate will assume a pivotal role in overseeing the bank’s credit risk and financial risk management operations, ensuring risk mitigation, and contributing to the formulation […]