Pragati Life Insurance recently signed a bancassurance agreement with Mutual Trust Bank (MTB), enabling the bank’s customers to conveniently access and purchase the life insurer’s diverse range of insurance products.
A majority of banks in Bangladesh are depending on the call money market and central bank to fund their activities due to an intensifying liquidity crisis in the banking sector.
The export and remittance sectors of Bangladesh ended 2023 on a disappointing note, compounding pressure on the economy as it desperately tries to find solutions to the lingering crisis.
A liquidity crisis caused by dollar purchases from the Bangladesh Bank prompted banks to build up their liquidity with deposits instead of going for risky lending, said industry insiders