Out-of-court settlement over BB reserve heist likely Bangladesh would consider an out-of-court settlement with a bank in the Philippines over US$81 million (S$107 million) cyber heist money, Bangladesh central bank officials said on Thursday, reports Reuters. The money was stolen from its accounts in New York by hackers who wired

Bangladesh Bank wants information on all bad debts Bangladesh Bank has asked all the banks and other financial institutions of the country to send reports about all the default loans. As per a new circular issued on Thursday, the banks and financial institutions are supposed to report to the central

Dhaka Bank honours ‘Pay Masters’ Dhaka Bank Limited honoured its regular payee SME customers as ‘Pay Masters’ for their outstanding performance for over a decade at a ceremony at its corporate office in the city on Thursday. Nine CMSME customers, from various branches, have been awarded for their strong business

Fostering innovation a key challenge: BB governor The challenge for regulators is to find ways for fostering innovation while safeguarding consumer protection and enhancing stability of the financial sector, Bangladesh Bank Governor Fazle Kabir said. He spoke at the 10th G-24/AFI High Level Roundtable held in Washington DC on April

Interest rates rattle people Kaniz Fatima Binte Alam, a doctor, took Tk 48.50 lakh home loan at 8.5 percent interest in October last year from a lender with expertise in financing homes. Within six months, Fatima was astonished to get the lender’s notification that the interest rate has been revised