A memorandum of understanding has been signed between Chartered Life Insurance PLC and HMCL Niloy Bangladesh Limited, under which buyers of Hero motorcycles in Bangladesh will receive built-in insurance protection as part of their purchase package. The agreement was formalised at a recent signing ceremony. Vijay Kumar Mondal, FCA, Chief Financial Officer and Company Secretary […]

Textile exporters in Bangladesh are facing prolonged financial strain as a significant volume of overdue payments remains unsettled against local back-to-back letters of credit (LCs), with liabilities estimated at around Tk3,000 crore to Tk4,000 crore accumulated over the past five years. Industry stakeholders and bankers report that more than a dozen financially distressed commercial banks […]

The volume of forced loans at Rupali Bank reached $1.87 billion by the end of December 2025, nearly doubling within four years, according to an inspection by the Bangladesh Bank. The increase highlights growing pressure on the bank’s financial stability and operational controls. Central bank data indicates that forced loans rose by 91.59% from $976 […]