Friday, March 29, 2024

Nagad Ltd barred from opening trust-cum settlement account without approval

The Bangladesh Bank has asked banks not to open any trust-cum settlement account (TCSAs) under the name of Nagad Ltd. The central bank issued a letter to banks on September 2 asking them not to open such accounts in the name of Nagad Ltd without its prior approval and the Bangladesh Post Office (BPO). Nagad ... Read more

Mobile Financial Service

BB asks banks to follow bank-led model Bangladesh Bank has asked scheduled banks to follow the bank-led model of mobile financial service to avoid confusion over who is the principal provider of the service, said BB officials. A central bank official told New Age on Thursday that the BB on Monday issued letters to the ... Read more

BRAC Bank to touch millions through mobile financial service

BRAC Bank steps into 11th year BRAC Bank to touch millions through mobile financial service BRAC Bank, one of the leading private banks of the country, at a press conference disclosed that millions of banked and unbanked people of the country will get access to banking services through mobile phones from subsidiary of BRAC Bank, ... Read more