Mobile Banking Agents under BB scanner Agents of mobile financial services (MFS) are themselves actively involved in various kinds of criminal activities, including collection of ransom by human trafficking, extortion, and fraud by maintenance of several hundred false or real accounts, according to a report titled ‘Impact of Mobile Banking
Read MoreHacking in BB again, no damage done The e-mail ID of Bangladesh Bank (BB) has been hacked and false mail sent to different commercial banks using the Central Bank’s mail ID, sources said. Executive Director of BB Subhankar Saha told media that they have got a suspicious mail on Monday
Read MoreState-owned banks to get capital replenishment The government decided to funnel money into seven state-owned banks (SoBs) again to meet their capital shortage to some extent. Officials said a decision to this effect came Sunday from a meeting at the ministry of finance with Finance Minister AMA Muhith in the
Read MoreBB urges caution before allowing private sector to invest abroad The Bangladesh Bank (BB) has suggested the government take into consideration a number of factors, including the ratio of private sector investment in the country, before allowing investments abroad, officials said. In a recent letter sent to the ministry of
Read MoreDefault loans plague banks, corporations Bangladesh’s entire banking and financial corporate have been plagued by a menacing default culture that is setting roots deeper every year with no one or way to stop the drainage of loaned money and recover it.Banking sources said the amount of default loans is increasing
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