Bangladesh Bank rejects IFIC bank’s plea to transfer USD 12.0 million for Nepal bank investment Bangladesh Bank has rejected an IFIC Bank Ltd’s application for transferring capital worth USD 12.3 million or around BDT 980.0 million to make further investment in Nepal-based Nepal Bangladesh Bank Limited. IFIC Bank, which has
Read MoreBangladesh Bank cap likely to affect mobile-based transactions The latest Bangladesh Bank (BB) restriction on mobile-based transaction (m-transaction) is likely to have a negative impact on the growth of mobile banking in the country, insiders said on Sunday. The latest move, apart from causing inconvenience to the general subscribers especially
Read MoreNo witch-hunting: new Islami Bank chairman assures staff The new management of Islami Bank will not indulge in any “witch hunting” of its employees, its Chairman Arastoo Khan said yesterday. One can vote for any party, but it must not reflect on employees’ professional activities, he said after a meeting
Read MoreBangladesh Bank cuts mobile banking ceiling to check scams The central bank cut down transaction ceiling on mobile banking to check illegal financial operations through misusing the quick-fire mobile financial services (MFS). Under the restricted provisions, daily maximum transaction limit on cash-in came down to BDT 15,000 from BDT 25,000
Read MoreBangladesh Bank rejects IFIC Bank plea to buy loss-making US exchange house for $3m Bangladesh Bank has rejected an application of IFIC Bank Ltd to purchase a loss-making exchange house in United States for USD 3.0 million. IFIC Bank Ltd submitted the application to the central bank on November 6,
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