Less restrictive loan provisions for stock brokers

Ramadan in Bangladesh, which could start the following week depending on the sighting of the moon, will last from 9:30 am to 4:00 pm every working day. 9:30am to 2:30pm will be the hours during which people can do banking transactions, according to a central bank notification that was released today.

After Ramadan, office and banking hours will resume following their previous schedule, according to Bangladesh Bank.

In the nation, customers are frequently permitted to complete transactions between 10:00am and 3:30pm. Also, banks must stop all operational activity each working day by 5:00 p.m.

According to a Euromoney Trade Finance Study 2023, The Hongkong and Shanghai Banking Corporation Limited (HSBC) is the “Market Leader” in Bangladesh.

In addition, the poll revealed that HSBC leads the world in trade financing and holds the top positions in Asia Pacific, Latin America, North America, and the Middle East.

Euromoney is an English-language monthly magazine focused on business and finance. The survey findings are based on a poll conducted among the businesses engaged in international trade, says a press release yesterday.

The chief executive of HSBC Bangladesh, Md. Mahbub ur Rahman, stated that the company aims to remain the top trade bank while meeting the demands of its clients and introducing them to a wide range of prospects.

An agreement between Eastern Bank Ltd (EBL) and Renaissance Dhaka Gulshan Hotel has been signed. Holders of EBL cards are eligible for exclusive perks at the hotel under this contract.

A customer benefit agreement was recently signed in Dhaka by Md Bin Mazid Khan, head of Bancassurance, Student Banking & Retail Propositions at Eastern Bank Ltd (EBL), and Noeke Kusuma, general manager of Renaissance Dhaka Gulshan Hotel. Among those present at the event were Syed Yameenul Huq, director, of Sales and Marketing of Renaissance Dhaka Gulshan Hotel, and Md Al-Amin, hotel manager and in-charge of Sales and Marketing.

Source for more insights:

The Business Standard

To make the financial system more inclusive and accessible to the public, state-owned BASIC Bank Limited introduced its “Magpie” app and client onboarding platform “BASIC i-Account,” both of which are digital platforms for banking services.

In a ceremony on Tuesday (March 14) at the bank’s headquarters in Dhaka, Sheikh Mohammad Salim Ullah, secretary, Financial Institutions Division, Ministry of Finance, inaugurated the services as the chief guest.

All financial services—including banking—are available on the app. The Magpie App offers a variety of banking services, including e-KYC based bank account opening without branch support, direct fund transfers to other banks through EFT, RTGS, and NPSB, add money, e-commerce/merchant payment, credit card bill payment, utility bill payment, ticketing and remittance service, and more. Also, the app allows you to add any card, account, or mobile banking service account, transfer money from any VISA or MasterCard, shop using a QR code, recharge your phone, instantly check your balance, pay your tuition, and get a card/account statement.

Source for more details:

The Business Standard

Padma Bank Limited is participating in the 16th edition of the Dhaka Motor Show. According to a news release, Padma Bank will have a car lending stall from March 16 to March 18 at Stall No. 25 of Hall “A” of the Bangabandhu Bangladesh-China Friendship Exhibition Center (near Kanchan Bridge). Customers who are interested in purchasing a car can stop by the stand to learn more about the application process, terms, and regulations for a Padma Bank auto loan The fair will be open for three days from 10:30 am to 8:30 pm.

Source of the news:

The Business Standard

About 1400 marginal farmers in Tungipara, the hometown of Bangladesh’s founding president Sheikh Mujibur Rahman, received agricultural loans from AB Bank Limited. The loan disbursement program was organized at Govt Sheikh Mujibur Rahman University College.

The event’s primary guest was Sheikh Abul Bashar Khair, president of the Tungipara Upazila Awami League. Mayor of the Tungipara Municipality Sheikh Tozammel Haque Tutul, general secretary of the Tungipara Upazila Awami League Md. Babul Sheikh, and head of the Patgati Union Parishad Sheikh Sukur Ahmed were in attendance as distinguished guests.

AB Bank Limited president and managing director Tarique Afzal presided over the programme.  According to him their aim is to strengthen the country’s ongoing development through this programme.

Source of the news:

The New Age