The Postal Department’s mobile financial service, Nagad, has signed a strategic partnership agreement with Citizens Bank PLC to make financial transactions simpler, faster, and more seamless for customers. Under this agreement, both institutions will expand their collaboration across Trust-cum-Settlement Accounts, Add Money services, inbound remittance processing, and transactions via the National Payment Switch Bangladesh (NPSB). […]

Non-resident Bangladeshis channelled 2.858 billion US dollars in remittances during July, the opening month of the 2026–27 financial year. The encouraging surge in formal banking transfers provides much-needed support to the country’s foreign exchange reserves and broader macroeconomic stability. Data released by the Statistics Department of Bangladesh Bank reveals that the vast majority of these […]

Bangladesh Bank is finalising a landmark Tk 1,000 crore special refinancing and grant package designed to transform young individuals into successful business leaders. Under this proposed initiative, eligible young entrepreneurs will be able to secure collateral-free bank loans of up to Tk 10 lakh at concessional interest rates ranging between 4 and 6 per cent. […]