After Padma Bank, ICB Islamic Bank appears to be the next in line to be absorbed by a stronger bank under the central bank’s roadmap to clean up the banking sector and bring in corporate governance. The Shariah-based bank, which took shape from the ruins of Oriental Bank in 2008, is struggling to continue its…

Although foreign aid commitments made to Bangladesh by global lenders surged more than 300 percent year-on-year in the first eight months of the current fiscal year of 2023-24, disbursement has remained almost flat. In the July-February period, loan commitments from development partners increased to $7.2 billion, up 304 percent, according to the Economic Relations Division…