Category: Business

IFIC Bank Launches ATM at Monipuripara

May 3, 2026

IFIC Bank has expanded its retail banking network with the inauguration of a new automated teller machine (ATM) booth at Monipuripara in Dhaka, aimed at improving customer convenience and ensuring faster access to essential banking services. The ATM booth was formally inaugurated on Saturday, 2 May 2026, according to a media release issued by the […]

Prime Bank collaborates with PayStation on payment services

May 3, 2026

Prime Bank PLC has signed an agreement with Service Hub Limited (PayStation) to broaden flexible payment facilities for its customers, according to a media release. The signing ceremony was held at Prime Aspire on Gulshan Avenue in Dhaka. The agreement is intended to improve customer convenience by introducing structured instalment payment options and expanding digital […]

BRAC Bank collaborates with Ascent Health

May 3, 2026

BRAC Bank has entered into a partnership with Ascent Health Limited to provide discounted diagnostic and consultation services to its employees and cardholders throughout Bangladesh, according to a press release. As part of the agreement, BRAC Bank employees and their legal dependants—including spouses, children, parents, and in-laws—will be entitled to a 30 per cent discount […]

India Permits 100% Foreign Direct Investment in Insurance

May 2, 2026

The Government of India has officially notified a significant shift in its investment landscape, permitting 100% Foreign Direct Investment (FDI) in insurance companies via the automatic route. This policy update, announced on Saturday, aims to facilitate greater international capital participation in the domestic insurance market. However, the Life Insurance Corporation of India (LIC) remains an […]

Foreign Debt Service Rises 10%

May 2, 2026

Bangladesh’s expenditure on servicing external debt has continued to rise, with total repayments increasing by nearly 10 per cent in the first nine months of the 2025–26 fiscal year compared with the same period of the previous fiscal year. According to data from the Economic Relations Division (ERD), between July and March of 2025–26, the […]

Over Half of Banks Barred from Dividends

May 2, 2026

The central bank has continued its strict stance on dividend distribution for the 2025 financial year, under which more than half of the country’s banks have been barred from paying dividends. The policy prohibits dividend declarations by any bank whose non-performing loans are in double digits, and also restricts institutions with capital shortfalls or provisioning […]

City Bank Posts 162% Profit Growth

May 2, 2026

City Bank recorded a 162 per cent increase in net profit in the first quarter of the current year compared with the same period in 2025, according to a press release issued on Thursday. The bank’s post-tax profit reached Tk 241 crore during the quarter, up from Tk 92 crore a year earlier. Earnings per […]

Age Limits Scrapped for Regulatory Chiefs

May 1, 2026

The Jatiya Sangsad has passed two significant amendment bills removing upper age restrictions for appointments to the leadership and membership of two key financial regulatory bodies—the Bangladesh Securities and Exchange Commission (BSEC) and the Insurance Development and Regulatory Authority (IDRA). The decision has triggered a sharp political debate over timing, intent, and institutional neutrality. Under […]

Foreign Financing Slips 19% Amid Slow Projects

May 1, 2026

Foreign financing to Bangladesh registered a sharp decline of 19 per cent in the first nine months of the current fiscal year 2025–26 (July–March), reflecting sluggish implementation of externally funded development initiatives and weaker inflows from development partners. According to provisional figures released by the External Resources Division (ERD) yesterday, the government received $3.89 billion […]

Central Bank Revises Loan Framework

May 1, 2026

The Bangladesh Bank has introduced significant revisions to its long-term financing framework, offering what it describes as a more flexible and cost-effective credit structure for industrial entrepreneurs. The move is aimed at accelerating growth in the country’s productive sectors and encouraging greater long-term investment through its Bangladesh Bank Long-Term Financing Facility (BB-LTFF). In a circular […]

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Category: Business

IFIC Bank Launches ATM at Monipuripara

Prime Bank collaborates with PayStation on payment services

BRAC Bank collaborates with Ascent Health

India Permits 100% Foreign Direct Investment in Insurance

Foreign Debt Service Rises 10%

Over Half of Banks Barred from Dividends

City Bank Posts 162% Profit Growth

Age Limits Scrapped for Regulatory Chiefs

Foreign Financing Slips 19% Amid Slow Projects

Central Bank Revises Loan Framework

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Premier Bank Opens Applications for Senior MIS Leadership Role

Three More Die with Measles Symptoms as 1,349 Cases Emerge

Rupee Struggles Near Record Low Despite Central Bank Support

Auto-Rickshaw Driver Arrested Over Schoolgirl’s Death in Cumilla

AI Reshapes India’s Insurance Sector Through Smarter Services

Ilaiyaraaja’s Classic Compositions Strike a Chord with Gen Z

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