Changes in bank law on cards The finance ministry has moved to make changes to the Banking Companies Act 1991 that would strengthen the grip of families on private banks.The amendment proposed to increase the tenure of the board of directors of a private bank from six years to nine
Read MoreMutual Trust Bank Limited (MTB) Mutual Trust Bank Limited (MTB) has recently signed an agreement with Guardian Life Insurance Limited. Under this agreement, MTB Credit Card holders will enjoy triple benefits insurance facilities through Guardian Life Insurance Limited, in case of specific unanticipated events. This arrangement will enable MTB cardholders
Read MoreRemittance inflow rises by 11 per cent in July The monthly remittance inflows increased by almost 11 per cent to $1.12 billion in the first month of the current fiscal year 2017-18 compared with the same month of the last FY 2016-17. In July last year, the amount of inward
Read MoreTk 70,400cr loans rescheduled in last five years: BB Banks have rescheduled loans amounting to about Tk 70,400 crore of troubled borrowers over the last five years, putting extra pressure on the sector.“The rescheduling of loans has created extra stress on the banking system in recent times as this constitutes
Read MoreBB resumes selling US dollar to stabilise exchange market The central bank has resumed after one month the sales of US dollar to the commercial banks to provide them with foreign exchange support and stabilise the market, officials said.As part of the move, Bangladesh Bank (BB) sold US$ 20 million
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