On Monday, 12 January, Bangladesh Bank acquired USD 81 million from ten commercial banks through a scheduled auction, officials confirmed. Arif Hossain Khan, Executive Director and spokesperson of the central bank, stated that the transaction was completed at an exchange rate of BDT 122.30 per US dollar. The auction was conducted in line with the […]

Osman Ershad Foyez has officially assumed the role of Managing Director (MD) of Dhaka Bank PLC, commencing his duties on Sunday, 11 January. The appointment is being hailed by the bank’s leadership as a strategic step aimed at strengthening corporate governance, expanding technology-driven banking services, and securing sustainable long-term growth. This leadership change marks a […]

In a landmark shift for the nation’s financial architecture, the interim government has finalised the framework for establishing specialized Microfinance Banks. Deviating from earlier proposals to create a separate wing under the Microcredit Regulatory Authority (MRA), the responsibility for licensing and supervising these new entities has been formally entrusted to Bangladesh Bank. The move follows […]