Category: Business

rupali bank repays 283 million usd foreign loan of s alams power plant without central bank approval Rupali Bank repays 283 million USD foreign loan of S Alam’s power plant without central bank approval

Rupali Bank repays 283 million USD foreign loan of S Alam’s power plant without central bank approval

State-owned Rupali Bank has repaid 283 million USD of foreign loans taken by SS Power Limited in two instalments without obtaining approval from the central bank. Bangladesh Bank stated that repaying the loan without prior authorisation violates the conditions of the loan agreement. Accordingly, a letter was issued seeking clarification from Rupali Bank, confirmed by […]
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lic introduces two new schemes offering enhanced security and savings LIC introduces two new schemes offering enhanced security and savings

LIC introduces two new schemes offering enhanced security and savings

The Life Insurance Corporation of India (LIC) has launched two new public schemes—Protection Plus and Bima Kavach. These plans offer life-insurance coverage along with guaranteed savings. Protection Plus focuses on long-term wealth creation, whereas Bima Kavach provides comprehensive risk protection. According to LIC, both products are designed to be simple, beneficial, and reliable long-term solutions […]
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bangladesh bank server failure disrupts digital and internet banking nationwide Bangladesh Bank Server Failure Disrupts Digital and Internet Banking Nationwide

Bangladesh Bank Server Failure Disrupts Digital and Internet Banking Nationwide

A sudden malfunction of Bangladesh Bank’s server has caused widespread disruption to digital and internet banking services across the country. Sources reported that the incident occurred at around 4:30pm on Thursday when a power outage and voltage fluctuations rendered the central bank’s main server inoperative. Arif Hossain Khan, Executive Director and spokesperson of Bangladesh Bank, […]
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