Bank

Bangladesh Bank took the initiative to launch ‘National Debit Card’ in July this year. Basically, this initiative has been taken to reduce dependence on foreign card companies and save dollars. Bangladesh Bank Executive Director and Spokesperson Mejbaul Haque said that this card will be officially launched in November. ALSO READ: …

Bangladesh, a nation known for its potential and resilience, has recently embarked on an exciting journey into the digital age with its Digital Bank initiative. By integrating modern technology into the financial sector, Bangladesh is committed to embracing innovative solutions that foster economic growth. This Digital Bank initiative is particularly …

In an exciting partnership with Mastercard and Visa, Eastern Bank Limited (EBL) has introduced Bangladesh’s very first range of wearable payment devices, proudly named ‘WEAREBL’. The devices were officially announced on Monday and the bank proudly declared them as the “first of its kind” in the country. The bank has …

It is known that a consortium of 10 banks named ‘Digi Ten Plc’ has announced investment in Digital Bank. These 10 banks have reported an investment of Tk 127 crore 78 lakh. This alliance includes City Bank, Eastern Bank, Mercantile Bank, Midland Bank, Mutual Trust Bank, NCC Bank, Prime Bank, …

A whopping 52 companies, both domestic and foreign, have submitted applications for licensed digital banking establishments. The following entities are part of this list: commercial banks, mobile financial services (MFS), ride-sharing platforms, food delivery companies, IT service providers, pharmaceutical companies, and both domestic and multinational corporations. ALSO READ: Major vulnerabilities …

Banglalink, the third-largest telecom operator in Bangladesh, has recently applied for a digital banking license along with its parent company, VEON Ltd. ALSO READ: Dutch-Bangla Bank to invest in digital bank The group aims to expedite Banglalink’s entry into the fintech industry by obtaining a digital banking license. Banglalink announced …

The managing director of Sonali Bank Afzal Karim revealed that Sonali Bank’s £170,000 has been frozen in accounts held by two Myanmar banks due to the imposed US sanctions. The US also asked the Sonali Bank to halt transactions with the Myanmar Foreign Trade Bank and Myanmar Investment and Commercial …

Today, Dutch-Bangla Bank Ltd (DBBL) announced its plans to invest in a digital bank and establish two subsidiaries. This strategic move aims to enhance the bank’s presence in the capital market and further expand its business. ALSO READ: 12 institutions faced DDoS attack, Not hacked: BD CIRT DBBL has recently …

Some internet based services of Bangladesh Bank will not be available from Monday (August 14) 8:00 pm to Wednesday (August 16) 8:00 am due to emergency maintenance activities. However, it is not clear which services will be closed. This information has been given in a notification of the central bank. …

The name of Janata Bank has changed. The new name is ‘Janata Bank PLC’. The Banking Regulations and Policy Department of Bangladesh Bank has informed this information in a circular on Tuesday (August 8). It is said that, as per the provisions of Section 11A(a) of the Companies Act, 1994, …