BB orders uniform provisioning policy
The central bank asks all the scheduled banks to follow a uniform policy for maintaining provision against classification of other assets for ensuring discipline in the country’s banking system. The banks have been instructed to submit report on provisioning of other assets to the Department of Offsite Supervision (DOS) of the central bank on a quarterly basis, according to a notification issued Tuesday by the Bangladesh Bank.The central bank fixed criteria for classification and provisioning of other assets divided into 12 items, including legal expenses, accrued income, accrued interest on loans and advances, accrued interest on investment and other accrued income.
BRAC Bank launches QR-based transactions
BRAC Bank has launched Quick Response (QR)-based transactions through the mobile app ‘ASTHA’ to provide its customers with the convenience of daily transactions. It lets users scan a BRAC Bank QR or other banks’ QR displayed by the merchant points and make instant payments. The bank’s VISA, Mastercard debit and credit cardholders can make payments with just a few taps using ‘ASTHA’. QR transaction with ASTHA app is easier, faster and safer. It is a secure process requiring payment confirmation through One Time Password (OTP). BRAC Bank is the only bank providing reward points in QR transactions linked to the bank’s debit cards. The customers will earn one reward point for BDT 100 transactions made through QR platform. The customers can avail the payment service at more than 1,000 BRAC Bank QR merchants across dine-in, lifestyle, electronics, healthcare, departmental store, automobile and travel categories across Bangladesh, and the bank is rapidly expanding this QR acquiring network. The customers can also use Bangla QR platform of any other local bank in Bangladesh.
Promoted as AMD of Bank Asia
Mr. Shafiuzzaman has recently been promoted to the post of Additional Managing Director of Bank Asia Limited. Prior to the promotion, he was Deputy Managing Director of the Bank. Mr. Shafiuzzaman is Chief Credit Officer of Bank Asia and overseeing the function of Credit Risk Management and Credit Administration Divisions. He is also entrusted to oversee the Sustainable Financing and Corporate Social Responsibility (CSR) Department of the Bank. He joined Bank Asia Limited in 2015 as Senior Executive Vice President and was looking after the Corporate and Large Loan Division of the Bank. Later, he was promoted to the post of Deputy Managing Director of the Bank in 2020.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|Nikkei 225||$ 26,755.05||↑420.07||↑1.60 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 100.80||↑0.20||↑0.20%|
|Crude Oil (Brent)||$ 104.87||↑0.23||↑0.22%|
|Gold Spot||$ 1,969.23||↑2.47||↑0.13%|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 86.1980|
|GBP 1||BDT 112.3445|
|EUR 1||BDT 93.8201|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<