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

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

Sept remittance hits 84-month low The inflow of remittance in September this year registered US$853.73 million, which was lowest in seven years. It was around $838 million in September 2010, according to the central bank figures. The remittance fell by $564.85 million or more than 39 per cent from the

Only one-fifth of written off loans recovered The banking industry has been able to recover only one-fifth of their written off loans in the last 14 years in what can be described as a spectacular backfire of the central bank policy introduced in 2003. The Bangladesh Bank introduced the policy

All banks must make e-payment by yearend The central bank asked commercial banks to provide EFT (Electronic Funds Transfer) and Real Time Gross Settlement (RTGS) services from all branches by December 31. To this effect, the Bangladesh Bank (BB) issued a circular Monday, asking the managing directors and chief executive