In September alone, debit card transactions increased by Tk1,587 crore
Bangladesh Bank’s (BB) data revealed a record amount of debit card transactions in the month of September.
As the economy started to regain momentum a few months ago after the lockdowns caused by the pandemic, BB data showed a sharp drop in card transactions for the previous month of August.
In September alone, debit card transactions increased by Tk1,587.4 crore.
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According to the latest data from the central bank, during last September, total debit card transactions were Tk22,522 crore, which is the highest ever recorded.
Earlier this year, total debit card transactions of Tk22,452 crore were made in the month of May.
According to BB, the number of debit cards in the country has increased by about 60 lakhs in just 21 months, from 1.8 crore in December 2019 to around 2.42 crore by the end of September this year.
Similarly, the number of credit cards has also increased in the last 21 months, from 15.4 lakh in December 2019 to around 18 lakh in September 2021.
Credit card transactions during September amounted to Tk1,839 crore, however, last June, the highest transaction of Tk1,934 crore.
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Using cards, a total of Tk18,059 crore was withdrawn from ATMs last September, which is also another record.
Similarly, transactions worth Tk1,799 crore were transacted through POS (Point of Sale) in September.
POS is commonly used when shopping, buying plane tickets, paying hotel rent.
Meanwhile, the data analysis of BB further shows that the banks have focused more on setting up alternative platforms to reduce the pressure on their branches.
At the end of September, the number of ATM booths increased to 12,495, which was 10,924 in 2019.
The number of POS has also increased, to 58,527 which was 56,013 in 2019.
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Besides, the number of cash deposit machines has increased to 1,689 and the number of CRMs (Customer Relationship Management) has increased to 1,034.
Meanwhile, customer transactions in e-commerce have declined, as a large part of which is done through cards.
Bangladesh Bank’s data analysis shows that during last September, the amount of e-commerce transactions was only Tk778 crore but last June, the amount of e-commerce transactions was Tk1,277 crore.
Bangladesh Securities and Exchange Commission Chairman Prof Shibli Rubayat-Ul Islam resigned today.
He sent his resignation letter to the official concerned at the finance ministry.
He stepped down citing health reasons, said Abdur Rahman, secretary of the Financial Institutions Division of the Ministry of Finance, confirming receipt of the letter.
The development came five days after Sheikh Hasina’s government fell and she fled Bangladesh in the face of a civil uprising.
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Islam has remained absent from work for the past several days.
Islam, a Dhaka University teacher, was appointed as chairman of the BSEC in 2020. Last May, he was reappointed for another four-year tenure.
The 199th board meeting of Progressive life Insurance Company Limited (PLICL) was held in the organization’s corporate office in the capital’s National Scout Bhaban on Wednesday 10 July 2024. It was presided over by PLICL Acting Chairman M. Shoeb Chowdhury.
The meeting was also attended by Directors viz Bajloor Rashid, MBE, Zakariya Ahad,Mezanur Rahman,DR. Md. Jamil Sharif, Phd, FCMA,DR. Tazrina Farah,Babel Miah,Kamal Miah, M A Karim,Gulam Mostafa Ahmed. Managing Director and Chief Executive Officer Md. Saidul Amin, Additional Managing Director Md. Mizanur Rahman Shipon, Senior Executive Vice President & Company Secretary Abdullah Al Mansur.
The participants in the meeting talked about pending claim settlements, business development plans and laid emphasis on complying with regulatory norms, laws and principals.
The officials of Progressive life Insurance Company Limited greeted the newly appointed Acting Chairman M. Shoeb Chowdhury with flowers at the beginning of the meeting.
Anwar Group of Industries, a leading Bangladeshi conglomerate, celebrated a momentous occasion with the formal induction of its new leadership team.
In a ceremony held at the Dhaka Chamber of Commerce and Industry (DCCI), Mr. Manwar Hossain, Chairman of Anwar Group of Industries, officially announced Mr. Hossain Mehmood as Vice Chairman and Mr. Hossain Khaled as the Group Managing Director of Anwar Group of Industries. Additionally, Mr. Furkaan N Hossain, Mr. Waeez R Hossain, and Ms. Faizah Mehmood were sworn in as Deputy Managing Director of Anwar Group of Industries.
The “Induction of Leadership” ceremony on March 3, 2024, marked a memorable and new chapter for Anwar Group of Industries. At the ceremony, Mr. Manwar Hossain, Chairman of Anwar Group of Industries, presented the group’s brooches to Mr. Hossain Mehmood, Mr. Hossain Khaled, Mr. Furkaan N Hossain, Mr. Waeez R Hossain, and Ms. Faizah Mehmood. The ceremony was also attended by members of the Anwar family, stakeholders, and employees.
Committed to empowering its employees and creating a shared vision for the future, Chairman of Anwar Group of Industries, Mr. Manwar Hossain announced a groundbreaking move, all future employees will be made shareholders. This bold initiative underscores the group’s belief in the value of its employees and its commitment to building a sustainable and inclusive future.