Too many banks and too few good customers

Three more new banks are being added to the country's banking sector. Bangladesh Bank has recently approved licensing of People’s Bank, Citizen Bank and Bengal Commercial Bank. With these three new banks, country's total number of banks has reached 62, which coupled with more than hundreds of non-banking financial institutions...

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AML perspective for banks

Financial crimes, which cover a wide range of criminal offences, have increasingly become one of the greatest challenges to banks/financial institutions (FIs) and to governments across the world. These have become substantial threats to the economic stability and sustainable development of countries even.The concern arises from a variety of issues...

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Micro-credit: Financial literacy a must among borrowers

The concept of microfinance as a successful poverty alleviation method gained popularity around 1904. More than 100 years later, it is now being used as an effective mechanism to cut poverty for marginalised people. Bangladesh has made commendable progress in alleviating poverty and hunger in the country as it has...

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