Telcos can’t hold shares in mobile banking companies: Bangladesh Bank Bangladesh Bank will not allow mobile network operators to hold any shares in the companies which run mobile financial service, according to the BB’s latest draft guidelines on the MFS. The draft guidelines said that the MNOs would just provide
Read MoreGovernment to formalise mobile banking for remittance Planning Minister A H M Mustafa Kamal said on Sunday the government is going to formally allow sending remittance from overseas countries to Bangladesh through mobile banking system. “A significant volume of remittance is coming through the informal channels. Besides, the Bangladeshi expatriates
Read MoreBangladesh Bank issues guidelines on banks’ credit card operation Bangladesh Bank has asked the scheduled banks not to impose rate of interest on credit cards more than 5.0% on the highest rate of interest they (banks) offer for other consumer loans. For example, if a bank offers consumer loans at
Read MoreAB Bank faces fund crisis for bad loans AB Bank is facing financial crunch after its provision shortfall totalled Tk 1,340 crore at the end of 2016. The first generation private commercial bank maintained only Tk 250 crore against the required provision of Tk 1,590 crore because of bad loans,
Read MoreExports rise 3.9pc in July-April Exports grew a modest 3.92 percent year-on-year to $28.72 billion in July-April, riding on shipments of knitwear, home textiles, leather products and jute. Month-wise, it also rose nearly 3.49 percent to $2.78 billion in April compared to the same month a year ago, according to
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