
Trading Halted for Five Banks Ahead of Major Merger
Share trading for five Islamic banks in Bangladesh has been suspended following a central bank declaration of non-viability, initiating a major merger process.
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Share trading for five Islamic banks in Bangladesh has been suspended following a central bank declaration of non-viability, initiating a major merger process.

The IMF has raised serious concerns over Bangladesh's banking sector, where a capital shortfall has exceeded Tk1.55 lakh crore across 24 struggling banks.

Bangladesh Bank has issued mandatory new guidelines for Islamic banks, empowering Shariah committees to report non-compliant boards directly to the central bank.

A court in Dhaka has ordered the Philippines' Rizal Commercial Banking Corporation to forfeit $81 million related to the 2016 Bangladesh Bank cyber heist.

Distressed assets in Bangladesh's banking sector have surged to Tk11 lakh crore, or 61% of total loans, up from 45% nine months ago, experts reveal.