Bank

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 …

Transactions in Bangladesh Bank’s Real Time Gross Settlement (RTGS) system have been disrupted due to a server error. It caused problems in the settlement of inter-bank transactions after 4 pm on Monday (July 31). A senior official of a private bank said that there is a problem with RTGS. As …

In accordance with the provisions of Section 11(a) of the Companies Act, 1994, Bangladesh Bank has named ‘Islami Bank Bangladesh Limited’ as ‘Islami Bank Bangladesh PLC.’ has been changed. On Monday (July 31), the Banking Regulations and Policy Department of Bangladesh Bank issued a circular in this regard. The circular …

A new web portal has been opened to accept the applications of those interested in launching a completely technology-based new type of bank ‘Digital Bank’. Application period is 42 days. But even within 40 days not a single organization applied. But many people have opened the user ID. MFS companies …

Bangladesh Bank has taken the initiative to establish Digital Bank with the aim of providing global information technology-based digital banking services to the people for the purpose of building a ‘Smart Bangladesh’ declared by the Government of Bangladesh. In this context, Bangladesh Bank has approved the ‘Guidelines for setting up …

Bangladesh Bank has given approval to banks and financial service providers in the country to start digital banking services to provide technology-based financial services out of conventional service delivery methods. Digital Bank was approved in the board meeting on Wednesday (14 june). The Communications and Publications Department of the Central …

In his budget speech for the fiscal year 2023-24, Finance Minister AHM Mustafa Kamal announced the launch of a digital bank. He said that the bank would be established to expand and accelerate efforts at financial inclusion. A committee of Bangladesh Bank has been working on the establishment of the …