NCC Bank signs agreement with Bangladesh Bank on ACS

NCC Bank Ltd. has signed an agreement with Bangladesh Bank on Automated Chalan System (ACS) at Bangladesh Bank on Thursday, a press release said. Under this agreement, individuals, organizations and customers will be able to deposit Taxes, VAT, Passport fee and other Government Treasury/fees directly to the Government Treasury using Automated

BGMEA seeks support of BB for RMG sector

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought support of Bangladesh Bank (BB) for the RMG industry in its struggle to overcome the impacts of the Covid-19 pandemic and retaining its competitiveness in the global market, said a press release. A delegation of BGMEA led by its President Faruque Hassan

Steps needed to stabilise rice market

Rice is the main product of the food basket of the people of Bangladesh. Inflation in the product’s price has been on the rise for a long time. According to the Bangladesh Bank, the point-to-point inflation in rice price in March last year was 3.4 per cent. At the end

Banks to operate from 10am to 2pm from Thursday

Banks will operate from 10 am to 2 pm from May 6 to 16 for usual transactions as the government has extended the ongoing lockdown to curb the spread of Covid-19 transmission. Bangladesh Bank issued this instruction in compliance with the directives of the Cabinet Division directing banks to remain open

BB extends limited banking hour tenure

Bangladesh Bank (BB) further extended the currently maintained limited banking transaction hours until May 5 in compliance with the government’s decision to extend the ongoing lockdown for another more. According to a circular issued on Wednesday by Bangladesh Bank, the current banking transactions hours from 10 am to 1 pm will continue

BB’s inter-bank fund transfer system reactivated

Inter-bank cheque clearance and electronic fund transfer system of Bangladesh Bank was reactivated Sunday after five days of suspension. The system was suspended on Tuesday last due to a technical fault in the optical fiber of Bangladesh Telecommunications Company Limited (BTCL). "The Inter-bank cheque settlement and electronic fund transfer system resumed operation