Bangladesh Bank
BB gives preliminary approval to 5 digital banks
Bangladesh Bank’s board has agreed to grant preliminary approval for the establishment of five digital banks in Bangladesh, including ventures backed by bKash, Robi’s parent company Axiata Limited, Bhutan’s DK Bank, VEON and Square Group. The decision was made at a Bangladesh Bank board meeting chai
July-June will no longer be the fiscal year
Bangladesh will adopt April-March as its new fiscal year from 2028-29, while the 2027-28 fiscal year will be shortened to nine months, ending in March, after the Cabinet approved a Finance Division proposal at a meeting on Monday at the Secretariat in Dhaka. The meeting was chaired by Prime Minister
BB opens path for PayPal and Payoneer transactions
Bangladesh Bank on Wednesday issued a circular introducing a “bank-mediated framework” aimed at expanding digital financial inclusion and service access, allowing foreign currency transactions with global e-commerce and international service providers such as PayPal and Payoneer through newly introd
BB introduces forward rate agreements to help importers hedge interest rate risks
Bangladesh Bank (BB) has allowed banks to offer Forward Rate Agreements (FRAs) to importers, introducing a new derivative instrument aimed at protecting businesses from fluctuations in international interest rates on foreign currency import financing. To this end, the central bank today issued a ci