Banks wary of running all card transactions thru’ BB payment switch Banks and MasterCard have urged the central bank to review its directive to route all card transactions from the New Year through the National Payment Switch of Bangladesh in a bid to mitigate risks of cyber attacks. Their concern
Read MoreBangladesh Bank (BB) creates USD 240m fund for Small and Medium Enterprises (SME) Bangladesh Bank (BB) has created a USD 240 million refinancing fund for providing loans to small and medium enterprises (SMEs) at low interest. Asian Development Bank (ADB) will contribute USD 200 million while the government will provide
Read MoreBB eases income repatriation by foreign nationals Bangladesh Bank has allowed foreign nationals residing in Bangladesh and having income here to send their earnings to other countries where their family members live besides the country of their domicile. The central bank in a circular issued on Wednesday eased the restriction
Read MoreGovt for stricter performance criteria for state-run banks The government is considering punitive actions against officials of eight state-run banks for dispensing bad loans to little known clients, the Bank and Financial Institutions Division has said. The authorities concerned are also contemplating the idea of revealing the names of top
Read MoreBB move fails to cool down dollar The US dollar continues to appreciate against Bangladeshi currency taka despite the injection of a vast quantity of greenbacks into the market by the Bangladesh Bank as it endeavours to keep the exchange rate stable. Yesterday, the inter-bank exchange rate of the US
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