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October 11, 2024

The Bangladesh Bank Enforces the ACU Mechanism for Cross-Border Payments

Aiming to streamline payment processes, the Bangladesh Bank has instructed banks to refrain from using traditional methods for making...
October 11, 2024

The Bangladesh Bank Raises the Policy Rate to Combat Inflation: Repo Rate Increased to 9.50%

As outlined in a recent circular, the Bangladesh Bank has raised the policy rate, also known as the repo...
September 3, 2024

Bangladesh Signs UN Treaty on Enforced Disappearances – Source: the Daily Star published on 29 August 2024

On 29 August 2024, Bangladesh signed the instrument of accession to the International Convention for the Protection of All...
September 3, 2024

Thumbprint Verification Challenges and Guidelines for Secure Loan Processing

To provide loans securely , it is mandatory to collect, verify, and store the borrower’s and guarantor’s details, including...
September 3, 2024

New Borrowing Limits for Offshore Banking Operations: Compliance Required by 31 December 2024

To ensure the smooth operation of offshore banking operations (“OBOs”), the Bangladesh Bank has decided that OBOs can now...
August 8, 2024

Bangladesh Enacts Payment and Settlement System Act, 2024: Strengthening Financial Security and Consumer Protection

On 4 July 2024, the Bangladesh National Parliament passed the Payment and Settlement System Act, 2024. This legislation aims...
July 1, 2024

Regulatory Guidelines for Prepaid Instruments in Bangladesh: Ensuring Financial Inclusion and Consumer Protection

Prepaid instruments (PIs), such as cash vouchers, gift cards, and wallets, are integral to the digital payment ecosystem, offering...
June 3, 2024

Invitation for PPP Project: Development of Naf Tourism Park in Cox’s Bazar, Bangladesh

The Bangladesh Economic Zones Authority (BEZA) is establishing a state-of-the-art tourism park in Teknaf Upazilla of Cox’s Bazar District,...
June 3, 2024

Bangladesh Bank Mandates Alternative Dispute Resolution for Non-Performing Loan Recovery to Strengthen Dispute Resolution in Banking

The Bangladesh Bank has directed all banks to use ADR mechanisms to recover a minimum of 1.0 percent of...

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