Bangladesh’s Islamic banking sector demonstrated remarkable growth across multiple financial indicators in September 2025, according to the latest data from Bangladesh Bank. While deposits, investments, total assets, and remittance inflows all posted strong gains, export proceeds handled through Islamic banks showed a sharp decline, highlighting structural weaknesses in external trade. Islamic banks’ total deposits increased […]

The Chairman of Swadesh Life Insurance Limited, Md. Maksudur Rahman, has had two of his savings bonds frozen by a court order. The decision was made by Judge Md. Sabbir Fayez of the Dhaka Metropolitan Sessions Judge Court on Tuesday, 18 November, following an application from the Criminal Investigation Department (CID). The court order was […]

Recently, Jamuna Bank PLC organised a financial literacy programme for students at the Shreemangal Government Girls’ High School in Moulvibazar, as part of its ongoing initiative to promote financial education. The event was held in the school’s auditorium and aimed to raise awareness among young students about the importance of financial management. The Chief Guest […]

In a significant policy shift, officials at the top levels of Bangladesh Bank (BB) and other financial regulatory bodies will now be eligible to serve as the Managing Directors (MD) or Chief Executive Officers (CEOs) of commercial banks in Bangladesh. This includes officials from key regulatory agencies overseeing the banking, financial, and insurance sectors. To […]

The amount of non-performing loans (NPLs) in the country’s banking sector has now reached a staggering Tk 6.5 lakh crore, which is over a third of the total loans issued by banks. According to a recent report by Bangladesh Bank, the total amount of loans disbursed by banks until September was Tk 18.03 lakh crore, […]

On Thursday, 27 November, Mohammad Khalid Mahmud Khan officially took over as the new Managing Director (MD) and Chief Executive Officer (CEO) of Southeast Bank. Prior to this appointment, he served as the Additional MD and Chief Business Officer at Mutual Trust Bank (MTB). Khalid Mahmud Khan has had a distinguished 26-year career at MTB, […]

On Friday, 28 November, Jasim Uddin Khan, the Special Police Superintendent (Media) of the CID, confirmed this information. According to Khan, an initial investigation by the CID’s Financial Crimes Unit revealed that in 2008, Chowdhury Nafis Sarafat, along with his associate Dr. Hasan Taher Imam, obtained a license to operate a wealth management company called […]