Islamic banking now at all City Bank branches City Bank, one of the oldest banks in Bangladesh, yesterday rolled out its Islamic banking service in all branches and sub-branches throughout the country. The move comes at a time when the market share of Islamic banks, in terms of assets, financing
Read MoreGovt moves to ease collateral requirements The government is set to introduce an innovative financing model under a new law to enable small businesses and startups to show their moveable assets as collateral with a view to nurturing entrepreneurs and helping them secure loans.The law is expected to provide local
Read MoreUnique BINs for e-commerce this month Every e-commerce and F-commerce company in Bangladesh will soon have to apply for a Unique Business Identification Number (UBIN) from the Digital Commerce Cell (DCC) as the commerce ministry is set to launch the registration from this month. The DCC will manage the UBIN
Read MoreBB decides not to mop up funds Bangladesh Bank yesterday decided not to mop up any money from the market as a part of its efforts to ease the ongoing liquidity crunch in the banking sector. Bankers welcomed the central bank decision, terming it time befitting, saying it will help
Read MoreM&S plans to buy more high-end garments from Bangladesh A few years ago, Marks & Spencer (M&S) could not find a single factory in Bangladesh that could produce suits in bulk quantity although the country was already one of the largest apparel exporters in the world. But things have changed
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