BCBL, BB sign participation deal

Bengal Commercial Bank Ltd. and Bangladesh Bank have signed a participation agreement on Sunday, September 12, 2021 for revolving refinancing scheme against working capital under stimulus package to the corona affected large industry and service sector. TarikMorshed, Managing Director and CEO of Bengal Commercial Bank and Md. Anwarul Islam, General Manager

NBL, BB sign agreement on ACS services

Bangladesh Bank and National Bank Limited have signed an agreement on Automated Challan System (ACS) services that will empower the customers to pay the VAT, Tax, or other Govt. bills through challan system at all the NBL branches & Sub-branches using online banking, said a press release. The agreement was signed

Midland Bank signs deal with BB on AC’s

Midland Bank Limited and Bangladesh Bank have signed an agreement to collect Treasury Challan through Automated Challan System (ACS) on Thursday. Under this agreement all the branches of Midland Bank will collect passport fees, value added tax (VAT), corporate and personal income tax and other government fees, a press release said. The

BB, MBL sign deal on ACS

Bangladesh Bank and Mercantile Bank Limited signed a deal on Automated Challan System (ACS) services on Thursday. Md. Quamrul Islam Chowdhury, Managing Director & CEO of Mercantile Bank Limited and Md. ForkanHossain, General Manager, Accounts & Budgeting Department of Central Bank signed the agreement on behalf of their respective organizations on

BB rates BRAC Bank as one of the top 10 sustainable banks

BRAC Bank, the pioneer of SME Banking in Bangladesh, has earned a place among the top 10 sustainable banks based on their performance in the year 2020. The Sustainable Finance Department of Bangladesh Bank published the top-ten sustainable banks’ list and top-five NBFIs on its website, based on a rating.  It is

NRBC Bank signs deal with BB to receive tax challans

NRBC Bank signed a deal with Bangladesh Bank on Automated Challan System (ACS). According to the deal, NRBC Bank can receive 645 types of government vat, tax, revenue, passport fees and other fees from branchs, sub-branchs and collection booths, a press release said. The agreement was signed by Md. Forkan Hossain, General

SIBL distributes agri-finance to mango cultivators

Social Islami Bank Limited (SIBL) has distributed agricultural finance at 4% profit rate among mango cultivators of Kalaroa of Satkhira district, a press release said. Under the incentive package of Bangladesh Bank, Satkhira Branch of SIBL disbursed agricultural finance among 50 mango cultivators of Kalaroa. The program was jointly arranged by Solidaridad

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 continue operating on limited scale until April 28

Banks will continue to opearte on limited scale until April 28 in compliances with the government’s decision to extend the ongoing strict lockdown for one week more, said a fresh circular issued by the central bank on Tuesday. Earlier, Bangladesh Bank directed the banks to operate general transactions from 10 am

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