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Keep up to date on the latest developments in the banking and insurance industries and stay informed on the newest news and regulations in this everchanging sector.

Bank Insurance News – Latest Updates and Developments

Economy

Moody’s Downgrades Bangladesh’s Banking Sector Credit Rating

Citing concerns over weak economic growth and an uncertain outlook for Bangladesh’s banking sector, global credit rating agency Moody’s has downgraded the country’s credit rating.

Monetary Policy for Second Half of FY 2024-25 to Be Announced Today

Bangladesh Bank is set to announce the monetary policy for the second half of the current fiscal year (2024-25) while keeping the policy interest rate unchanged.

Forex Reserves Rise as Governor Assures Economic Stability

Bangladesh Bank Governor Ahsan H. Mansur has reported an increase in foreign currency reserves since the interim government took office.

Bangladesh Bank Appointed Two Deputy Governors

Bangladesh Bank has appointed its executive directors Md Zakir Hossain Chowdhury and Md Kabir Ahmed as the deputy governors on a contractual basis for three years from the joining date.

No Harm to Depositors as Deposit Insurance Doubles: Governor Mansur

Bangladesh Bank Governor Dr. Ahsan H. Mansur has assured depositors that their savings are secure, even as several banks struggle with financial challenges.

Bangladesh Bank refutes Indian media report on reserve heist

Bangladesh Bank has rejected claims of a new heist of foreign exchange reserves which is reported by an Indian news agency.

US Department of State, Eastern Bank to work jointly on climate change adaptation

Eastern Bank PLC (EBL), a private commercial bank in Bangladesh, and the U.S. Department of State entered into an agreement to collaborate on the EBL Climate Change Adaptation Award. 

Sonali, BDBL sign MoU for merger process

State-owned Sonali Bank and Bangladesh Development Bank PLC (BDBL) have decided to start the merger process.

Padma Bank set to merge with Exim Bank

Padma Bank is going to be merged with Exim Bank. The decision was taken unanimously at a meeting of the Board of directors of Exim Bank.

Nine banks in red zone: Bangladesh Bank

The financial condition of four commercial banks has become fragile. As a result, the banks had fallen into red zones. Besides, four private banks and one foreign bank are on the list.