Business Archives | Deshweek

Bangladesh Bank has begun raising selected commercial banks’ foreign-currency exposure limits for the first time since the 2022 dollar crisis, The Business Standard reported Oct. 26. The changes increase banks’ permitted net open position (NOP), the difference between foreign-currency assets and liabilities under regulatory calculations. Higher limits give eligible lenders more flexibility to accumulate dollars […]

Bangladesh Bank has submitted a draft legal amendment that would limit family representation on private bank boards to two members, down from three, The Daily Star reported Oct. 26. The proposal would also cut directors’ maximum consecutive tenure from 12 years to six and require a three-year break before reappointment. It was sent to the […]

Several banks in Bangladesh have stepped back from talks to acquire Standard Chartered’s retail business, citing workforce integration costs and uncertainty over retaining customer deposits, The Business Standard reported. The business employs around 1,500 people. Differences in salaries, corporate culture, and deposit pricing have discouraged potential buyers, according to executives interviewed by the newspaper. City […]

National Bank customers in Bangladesh resumed withdrawing money Thursday as the lender restored banking services, The Business Standard reported after visiting three Dhaka branches. Reporters observed withdrawals at Motijheel, Dilkusha, and Foreign Exchange branches, with some locations also receiving new business deposits. Bank chairperson Melita Mehjabin said money was being disbursed across the bank’s branches […]