BB forms task force for banking sector reforms
Bangladesh Bank on Wednesday formed a six-member task force aimed at reforming the troubled banking sector...
Tags : BANKING SECTOR
54pc of Tk 2.11 lakh crore NPL only in five banks
Five banks held over 54 per cent of the total non-performing loans in the country鈥檚 banking sector as of June, exposing deep vulnerabilities in the sector...
Promises and pitfalls
THE Offshore Banking Act 2024 that was enacted in March marks a significant transformation in the country鈥檚 financial sector. This legislative measure aimed at increasing foreign currency reserves can attract international investment and facilitate the modernisation of the banking sector. However, it creates a complicated set of strategic imperatives...
Authorities must ensure good governance in banking sector
The banking sector is one among many that has plunged into a sorry state during the 15 years of Awami League regime. The sector witnessed major financial scams and a record surge in non-performing loans. The Awami League government pushed the sector into a precarious state through approval for banks, the appointment of partisan people to...
Businesses demand reforms in bank, revenue sectors
The country鈥檚 business leaders on Tuesday urged the government to maintain enhanced law and order situation and make reforms in the banking sector and tax administration to restore a favourable business environment...
Bank plunderers to be tracked down: Bangladesh Bank governor
Newly appointed Bangladesh Bank governor Ahsan H Mansur said they would track down oligarchs created during the immediate past political regime in both home and abroad to recover funds stolen by them from the country鈥檚 banking sector...
Govt, central bank must put banking sector in order
The banking sector is in a bad shape as massive irregularities gripped most banks and non-bank financial institutions in 15 years. The sector ran, as the Centre for Policy Dialogue says, beyond regulatory control while the central bank favoured certain individuals and groups. The think tank says that Tk 92,261 crore was embezzled in 24 major banking scams...
Banking sector in need of immediate attention
A CLASH between two groups of employees of Islami Bank on August 11 and reported tension in some other banks and financial institutions demand early attention of the authorities. At least six Islami Bank employees were injured as unnamed attackers fired into them. The clash erupted when the bankers appointed before 2017, when the S Alam Group with the...
Restoring economy immediate challenge
The immediate challenge for the proposed interim government will be restoring the economy suffering heavy disruption over the student-led mass protests culminated in the fall of the Sheikh Hasina-led government...
Loan-deposit rate gap hits 16-yr high
The weighted average interest rate spread in Bangladesh鈥檚 banking sector surged to 5.86 in May, the highest since 2008...
BB issues rules for external audit of banks
The Bangladesh Bank on Tuesday issued rules on external audit of banks with the aim of strengthening financial governance, transparency and accountability in the country鈥檚 banking sector...
Cash outside banks rises for 7th straight month
The amount of cash held outside the country鈥檚 banks increased for the seventh consecutive month in May amid low confidence of depositors in the banking sector and...
Bank sector needs overhaul to rescue economy
Economist Ahsan H Mansur on Wednesday said that the country鈥檚 economy would collapse if a strategy for restructuring the ailing banking sector was not taken straightaway...
Cash outside banks keeps soaring
The amount of cash held outside the country鈥檚 banks increased for the fifth consecutive month in April amid low confidence of depositors in the banking sector and inflationary pressures....
Govt must hold off oligarchy to stop decline in banking sector
WHEN the banking sector is mired in a horde of problems 鈥� the absence of democratic governance that has encouraged corruption and irregularities, a soaring amount of bad loans that has weakened the economy and an absence of political will that has stopped a way out of the trouble...
Bank interest rate spread crosses 5pc after 9 years
The weighted average interest rate spread in Bangladesh鈥檚 banking sector exceeded 5 per cent in February after 2015, driven by rising lending rates...