Bangladesh Bank opposes plan to amend banking law Bangladesh Bank yesterday opposed the finance ministry’s move to amend the banking law, which has restricted the tenure of a director to six years. Bangladesh Association of Banks in October last year demanded the director’s tenure be extended to 10-15 years. The

Apparel buying houses asked to get registered with DoT The government has recently directed all the buying houses in the garment and textile sector in Bangladesh to get registered with the Department of Textiles to run business in the Country. In a gazette notification issued on May 28, the textiles

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 lower rates further in April The country’s scheduled banks in April cut their interest rates on lending further against the backdrop of the businesses’ persistent reluctance to borrow from banks due to a sluggish business situation worsened by political uncertainties and vulnerable law and order situation, said Bangladesh Bank

3 state-run banks get new MDs The government has appointed new managing directors (MDs) to three state-owned banks as the posts remained vacant for over a month. The Bank and Financial Division under the Finance Ministry yesterday issued a circular over the appointment the new MDs. According to the circular,