bKash moves to combat abuse of its logo in eight countries Mobile money company bKash has taken steps to register its logo in eight Middle Eastern and Southeast Asian nations to prohibit the unauthorized use of its logo to remit money illegally to Bangladesh. In several countries with large numbers

Banks asked to give NRBs door-to-door services for remittance Bangladesh Bank on Sunday asked the top 20 remittance receiving banks to provide door-to-door services to non-resident Bangladeshis by appointing agents abroad to increase the inflow of remittance through the banking channel. The BB directive came after the country’s inward remittance

Huge defaulted loans in state-owned commercial banks to hit GDP growth Bangladesh Bank governor Fazle Kabir on Tuesday said excessive defaulted loans in the state-owned commercial banks would put an obstacle in achieving expected GDP growth in the coming years. The government will set a target of 8% GDP growth

Bancassurance now under discussion in financial sector A latest mechanism of bank-insurance partnership is now in the formative stage to facilitate the sale of insurance products through the banking channel. The proponents of partnership think it may change Bangladesh’s insurance landscape “dramatically”. Sources close to the process say the move

Banks seek BB support to lower interest Private commercial banks have sought regulatory support to bring down lending rates to single digit from July 1. The officials of the Association of Bankers, Bangladesh (ABB)—a platform of private banks’ chief executive officers—made the call in a meeting with BB Governor yesterday.