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Govt needs to ensure autonomy, accountability of central bank

THE sorry state of the banking sector, which is crippled by alarmingly high non-performing loans and lingering governance crises, falls largely, if not squarely, on the Bangladesh Bank, which significantly lost its autonomy and suffered debilitating political interference during the authoritarian Awami League regime. A recent report prepared by an 11-member...

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CPD for closing sick banks, FID

The Centre for Policy Dialogue on Wednesday suggested closing down the private commercial banks which are now under life support and the finance ministry’s Financial Institutions Division for the division’s ‘dubious’ role in the financial sector...

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Amit Shah vows to evict 'illegal Bangladeshis' in Delhi if BJP wins local polls

Indian Prime Minister Narendra Modi's closest political ally has pledged to rid the capital of ‘illegal’ immigrants if his party wins looming elections, in a forceful appeal to his party's Hindu constituency. Interior minister Amit Shah said every unlawful migrant from neighbouring Bangladesh would be expelled from New Delhi ‘within two years’ if his party succeeded in next month's provincial polls.

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National Bank holds business conference at Rajshahi

National Bank Limited’s Rajshahi regional business conference was held on Saturday at the conference room of Hotel Castle Swad in Bogura where Abdul Awal Mintu, chairman of the bank, was chief guest...

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MCCI for boosting digital financial services

The Metropolitan Chamber of Commerce and Industry, Dhaka has recommended integrating mobile financial service providers with the National Payment Switch of Bangladesh, establishing independent credit-scoring agencies and launching digital banks to address gaps in financial inclusion to improve digital financial service or DFS ecosystem in Bangladesh...

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National Bank ranks among top ten banks

National Bank has received the ‘Top Ten Bank Award’ from the Center for NRB in recognition of its outstanding contribution to remittance collection in 2024.

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BSEC probes sale of NRBC Bank founder’s restricted shares

The Bangladesh Securities and Exchange Commission has launched an investigation into the alleged covert and suspicious sale of restricted shares by NRB Commercial Bank founder ABM Abdul Mannan to three individuals closely linked to the bank’s leadership...

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No progress in extradition of PK Halder from India

The government has so far failed to bring former NRB Global Bank managing director Proshanta Kumar Halder, also known as PK Halder, who is facing money laundering charges, back to the country from India.

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Transforming public service

ACCESSING government and public services in Bangladesh is fraught with challenges, severely limiting citizens’ ability to obtain essential support in a timely and efficient manner. Despite its extensive reach, the public service delivery system remains marred by entrenched issues such as corruption, inefficiency and a lack of transparency, resulting...

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Draft CSO risks misuse, contains repressive provisions: TIB

Transparency International Bangladesh on Tuesday said that there was scope for misuse of the formulated draft Cyber Security Ordinance as it still contained some repressive provisions similar to those in the Cyber Security Act.

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Mansur Ahmed elected TIB trustee board chair

Eminent human rights activist and Impact Foundation Bangladesh’s founder trustee Mansur Ahmed Chowdhury has been elected as chairperson of Transparency International Bangladesh trustee board....

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Loan facility to crisis-hit business groups, banks continues

The interim government has continued to provide crisis-hit commercial banks and large business groups with emergency loan assistances with the offering of Tk 180 crore to the Beximco Group in the past week, said officials...

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TIB for review before issuing Cyber Protection Ordinance

Transparency International Bangladesh on Tuesday urged the interim government to allow at least one month for a comprehensive review and inclusive participation process before promulgating the draft ‘Cyber Protection Ordinance, 2024’...

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BTMA demands payments of bills against back-to-back LCs

The country’s primary textile millers on Tuesday demanded intervention from the Bangladesh Bank to realise their matured bills from commercial banks against the supply of yarn and fabric to the readymade garment industries through back-to-back letters of credit...

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US Fed expected to cut rates in last meeting of Biden era

The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank’s last meeting of Joe Biden’s presidency...

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Iftekharuzzaman suggests controlling energy investors

Energy sector investment has to be controlled to prevent in future the rise of authoritative government like the one of Sheikh Hasina, said Transparency International Bangladesh executive director Iftekharuzzaman. 

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German central bank cuts growth forecasts

Germany’s central bank on Friday sharply downgraded its growth forecasts for next year and 2026, predicting a prolonged period of weakness for Europe’s biggest economy as it battles multiple headwinds. 

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India appoints new central bank chief

India on Monday appointed finance ministry bureaucrat Sanjay Malhotra to helm the country’s central bank, a day before his predecessor’s term was due to end...

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Tools against corruption should not be rhetorical

PASSPORT, road transport administration, law enforcement and judicial services have come up to be the top four corrupt services sectors from 2017 to 2023, as Transparency International Bangladesh surveys for 2023, 2021 and 2017, the latest three of the surveys that the corruption watchdog have published since 1997, show. In the 2021 and 2017 surveys, the most corrupt service sectors were the same and in the...

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German inflation rises above 2pc in Nov

German inflation rose slightly in November, climbing back above the European Central Bank’s two-per cent target, according to preliminary data released Thursday...