The Banking industry and Banking Fair 2015

Banking Fair Bangladesh 2015 kicks off 

The first National Banking Fair was inaugurated in Bangla academy on the November 24. This 5-day long fair is not the most innovative, but an unusual promotion of the banking sector of Bangladesh, in an attempt to make the citizens aware and more confident about banking services.

‘Mobile ATM Booth’ service introduced in Bangladesh

The highlight of the banking sector comes with another unusual innovation, the ‘Mobile ATM Booth’.  An ATM literally on wheels, its goal is to make the banks “reach” their clients. This was launched by Al-Arafah Islami Bank Ltd. to expand ATM services for rural, as well as the urban regions.

Recent highlights of the Banking Fair Bangladesh 2015 include different banks extending their reach through banking strategies. 

Income Tax Fair

Off to a good start: tax fair pulls in crowds

We finish the week with a short post about Income tax, fitting since it started off with taxes as well, although on the wrong side of the public agenda.

The annual national income tax fair is being held in Officer’s club in Bailey road, Dhaka and also at Agrabad in Chittagong, aiming for rasiing awareness and motivating people for paying tax and widening the tax net. Of 16 crore people, only 17 lakh Tax identification Number (TIN) is present, from which even only 12 lakh filed tax returns last year. This was admittedly short of the goals of bringing 50% of public revenues through income tax by 2022.