Bangladesh’s banking sector faces some pressures: BB The central bank of Bangladesh sees the banking sector faced some pressures from asset quality, particularly in the state owned banks, and tighter liquidity in some of the fourth generation private banks. The gap between credit and deposit growths in a low interest
Read MoreBanking needs met anytime, anywhere Presently, about 40 out of the 57 banks in Bangladesh offer the internet banking facility. But of the 40, five — City, EBL, Mutual Trust, Brac and Standard Chartered — have taken the online banking service to the next level: they have rolled out an
Read MoreDhaka Bank launches app-based reverse factoring transaction Dhaka Bank Limited launched first-ever Mobile App-based Reverse Factoring transaction in Bangladesh with technical assistance by Infini Systems Pvt. Ltd. at the bank’s corporate office on Thursday, according to a statement. The bank, buyers and sellers can complete all dealings using this mobile
Read MoreTaka falling against US$ despite BB’s support Depreciating trend of the local currency against the US dollar is continuing despite the central bank’s foreign currency support to the commercial banks. The exchange rate of Bangladesh Taka (BDT) depreciated by five paisa against the greenback in the last two days mainly
Read MoreBangladesh Bank sells $25m more to five banks The central bank of Bangladesh has sold US$25 million more to five commercial banks to meet the growing demand for the greenback in the market. “We’ve sold the foreign currency to the banks on Tuesday at market rate to settle outstanding letters
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