Bangladesh's banking sector is grappling with bad loans and significant losses, despite once being a consistently profitable industry. The latest quarterly financial reports reveal that nine banks collectively lost Tk1,663.38 crore in the first quarter of the fiscal year 2024-25. According to economist Prof Abu Ahmed, unchecked corruption, misuse of regulatory frameworks
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Country to receive $1.1b from ADB, WB by Dec
The Asian Development Bank (ADB) and the World Bank will provide $600 million and $500 million in loan assistance respectively by December 2024, said Finance Secretary Dr Md Khairuzzaman Mozumder on Tuesday. He made the disclosure during a press conference at the Ministry of Finance, organised marking the interim government's 100-day
Banglalink’s MyBL app offers a chance to win bikes
Innovative digital operator Banglalink has launched the “Road to Royal Ride” campaign, exclusively on the MyBL App. This unique initiative gives Banglalink prepaid customers the opportunity to win a Royal Enfield bike by participating in an engaging recharge-based competition. The Road to Royal Ride Campaign aims to enhance customer engagement
SEB signs MoU with BDJOBS.COM
Southeast Bank PLC (SEB) has signed a Memorandum of Understanding (MOU) with BDJOBS.COM Limited, to provide payroll, payment, collection, and other essential banking services. The signing ceremony took place at SEB’shead office in Dhaka. Nuruddin Md. Sadeque Hossain, Managing Director of Southeast Bank PLC., and Md. Mosaddik Bin Kamal, General
Harpic celebrates World Toilet Day
Harpic celebrated World Toilet Day by raising awareness about the importance of sanitation and hygiene. The event aimed to promote better toilet habits and highlight the need for improving sanitation conditions across the country. The event featured a panel discussion with prominent experts, including Nusrat Imrose Tisha, Brand Ambassador for
BRAC Bank branches achieve Tk 10,000 crore deposit growth in 10 months
BRAC Bank's Branch Network has achieved a tremendous feat by making a net deposit growth of Tk 10,000 croretaka within the first 10 months of 2024, from January to October. This impressive growth comes despite a challenging economic environment, showcasing the bank’s strong market presence and customer trust. To celebrate
GDHS partners with Bkash to enhance accessibility to healthcare services
Grameen Digital Healthcare Solutions (GDHS) has announced its partnership with bKash to enhance accessibility to healthcare services through seamless digital solutions. By adding bKash’s reliable payment system to GDHS’s digital healthcare platform, users will experience faster and easier transactions. Honored guests at the agreement event included distinguished leaders such as
Rice import from India thru’ Benapole resume after 2 years
After a two-year hiatus, rice imports from India have resumed through the Benapole port. Three trucks loaded with 105 tonnes (105,000 kg) of non-basmati rice, imported by Mahabubul Alam Food Products from Jashore, entered the transshipment yard at the port on Sunday night, said Sajib Nazir, Deputy Director (Traffic) of Benapole
BB won’t close companies like S Alam, Beximco: Governor
Bangladesh Bank (BB) Governor Dr Ahsan H Mansur on Monday said they are taking action against individuals, not companies like S Alam Group and Beximco, as these companies are considered national assets. "Legal action would be taken against the S Alam Group chairman and other officials for their alleged crimes in
UPGDCL wins gold award at ICMAB
United Power Generation and Distribution Company Limited (UPGDCL) has been awarded the Gold Award in the Power Generation category at the ICMAB Best Corporate Award 2023, organized by the Institute of Cost & Management Accountants of Bangladesh (ICMAB). This recognition underscores the organization’s commitment to transparency, accountability, and excellence in