IFIC Bank Organized Financial Literacy Program

Bangladesh Bank will conduct a forensic audit of mobile financial service provider Nagad, intensifying its scrutiny of the company since August. The bank also restructured its Audit Committee, appointing Dr. Rashed Al Mahmud Titumir as a new member. Additionally, a management board led by KAS Murshid was established to guide Nagad's future actions.

Bangladesh Bank has restructured its Audit Committee, replacing Md Nazrul Huda with Prof Rashed Al Mahmud Titumir, a Dhaka University economics professor and former chairman of the Department of Development Studies. The decision was confirmed by the central bank’s spokesperson. Huda had served on the committee since January 2020.

Amid rising inflation, retail chain Shwapno has launched a budget-friendly beef and potato combo that has quickly gained popularity, selling 70,000 packs since its November 1 debut. Priced at Tk 160 for a small pack (200g beef, 100g potatoes) and Tk 300 for a larger pack, this initiative aims to make nutritious meals accessible to middle-class and low-income families struggling with surging food costs.

Shahjalal Islami Bank PLC has donated Tk 500,000 to the Mabia-Nazir Foundation for the renovation of homes affected by recent floods in Feni district. The donation was presented at a ceremony on November 7 at the bank’s Corporate Head Office by SEVP Md Abul Bashar to the foundation's Chairman, SM Humayun Patwari. Several bank officials also attended the event.

Bangladesh Bank has restructured its board by appointing three new members, including Fahmida Khatun, Md Habibur Rahman, and Nazma Mubarek. Along with this restructuring, a six-member taskforce has been tasked with reforming the banking sector. This team will focus on assessing distressed assets, loan conditions, liquidity, and the financial health of weak banks.