Active BO accounts down 7.25pc in 2019 The number of active BO accounts declined 7.25 per cent in the just concluded calendar year from the number of accounts observed at the end of previous year. The officials familiar with the matter said a good number of BO accounts were closed

Remittance through MFS falls in April Inward remittance through mobile financial services has declined 2.7% to BDT 75.0 million in April from March, according to the latest Bangladesh Bank data. In March the amount of the country’s inward remittance through MFS was BDT 77.0 million. The data shows that the

Mobile Banking Agents under BB scanner Agents of mobile financial services (MFS) are themselves actively involved in various kinds of criminal activities, including collection of ransom by human trafficking, extortion, and fraud by maintenance of several hundred false or real accounts, according to a report titled ‘Impact of Mobile Banking

Inflation worry forces BB to squeeze credits The central bank unveiled Monday a new monetary policy that limits credit flow to check inflation and improve country’s financial stability while promoting job-centric economic growth. Bangladesh Bank (BB) Governor Fazle Kabir announced the monetary policy statement (MPS) for the January-June period of

Banks asked to monitor money handling carefully The central bank has directed the commercial banks to watch the money handling in the banking channel carefully in order to stop terror financing both at home and abroad. The Bangladesh Bank issued the direction across the country recently.Head of Bangladesh Financial Intelligence