Bank

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, …

Bangladesh Bank alert on a cyber attack on 15 August to the bank and financial institutions. Sunday (6 July) Bangladesh Bank issued the alert. Taken the cyber threat by the threat actor as serious the alert read the following: ALSO READ: 15 August target possible big cyber attack in BD; …

Bangladesh Bank plans to introduce a national card named “Taka Pay” to decrease reliance on international cards and save foreign currency. Eight local banks will issue the card, which will be under the control of the central bank. All card transactions will be processed by the National Payment Switch in …

Managing Director (MD) of Bank Asia Arif Billah Adil Chowdhury has resigned due to personal reasons not debt irregularities. He submitted his resignation late last week. The company accepted his resignation and granted him leave till October 21. At the same time, additional MD Shafiuzzaman has been given the current …