Ex-deputy governor of Bangladesh Bank SK Sur sent to jail
Former Bangladesh Bank deputy governor SK Sur Chowdhury, also known as SK Sur, was arrested and was sent to jail later on聽 Tuesday in a case filed by the Anti-Corruption Commission.
Tags : Bangladesh Bank
Sale of saving certificates likely to resume Thursday
The sales of all types of savings certificates which remained suspended since last Thursday due to software upgrades are likely to resume on Thursday.
BB allows payment of licence renewal fee using BEFTN
The Bangladesh Bank has allowed payment of non-refundable licence renewal fee using Bangladesh Electronic Fund Transfer Network...
Industrial term loans drop in July-Sept
Industrial term loan disbursements dropped in July-September period of 2024 compared with those in the same period of previous year, driven mainly by political unrests and high dollar rates...
BB chief reveals laundered money figures, reaffirms efforts to recover
Bangladesh Bank governor Ahsan H Mansur has unveiled startling details about money laundering activities, including the illicit transfer of $20 billion abroad by a Chattogram-based entity....
Stringent measures needed to save NBFIs
THE failure of the authorities to take measures to discipline and facilitate the ailing non-bank financial institution sector, crippled by an abnormally high defaulted loans, is unacceptable. More than 70 per cent of non-bank financial institutions are about to collapse. The Bangladesh Bank says that 21 of the 35 institutions have more than 50 per cent...
Foreign firms begin auditing 6 banks
Two foreign audit firms have begun evaluating the asset quality of six banks currently mired in financial irregularities and corruption...
Legal notice served on BB to stay Novartis share transfer
Legal notices were served on Wednesday on three officials concerned, including governor of the Bangladesh Bank, urging them to stay handing over of share of Tk 230 crore of Novartis Bangladesh to Radiant Pharmaceuticals Limited...
Tk 9,391cr in farm loans disbursed in 4 months
Banks disbursed Tk 9,391 crore in agricultural loans in July-October of the 2024-25 financial year, which accounts for 24.71 per cent of the total disbursement target for FY25, according to Bangladesh Bank data...
Financial sector out of danger, but full stability to take time: BB
The Bangladesh Bank has clarified that the immediate risks to the country鈥檚 financial sector had been resolved, but full economic stability was still a work in progress...
Over 50pc loans of 21 NBFIs now defaulted
Fifty per cent of the loans issued by 21 non-bank financial institutions (NBFIs) turned non-performing as of September, revealing a dire financial crisis in the sector...
BB appoints EY, KPMG to audit 6 troubled banks
The Bangladesh Bank has enlisted global auditing firms Ernst & Young (EY) and KPMG to evaluate the asset quality of six banks currently mired in financial irregularities and corruption. The audit, funded by the Asian Development Bank, is part of efforts to restore transparency and accountability in the banking sector...
MDs of six banks asked to go on聽 leave before forensic audit
The Bangladesh Bank has asked six banks to send their managing directors on a three-month leave before the banks鈥� forensic audits to be conducted by an international audit firm.
Pvt sector credit growth plunges to 7.66pc
Private sector credit growth in Bangladesh fell sharply to 7.66 per cent in November, the lowest in 41 months, intensifying challenges in the banking sector and the broader economy...
Tk 82 lakh stolen from BRAC Bank vault
Bangladesh Bank has identified Tk 82.44 lakh missing from the vault of BRAC Bank鈥檚 Chokoria branch in Cox鈥檚 Bazar...
Looking back 2024:聽Bank sector ills exposed, reforms yet to gain pace
The banking sector鈥檚 deep-rooted challenges, systemic corruption and years of unchecked scams driven by political exploitation were exposed after the August 5 political change and the revelations prompted the...
LC margins for importing luxury cars reduced 50pc
The Bangladesh Bank on Thursday reduced the letter of credit (LC) margin for importing luxury cars to 50 per cent from the previous 100 per cent and removed LC margin limits for environment-friendly vehicles...
$3.3b in foreign debts cleared in 5 months
The Bangladesh Bank has repaid $3.3 billion or nearly 90 per cent of the foreign overdue payments after the political change on August 5, 2024...
Remittance inflow reaches $13.77b in July-December
Remittance inflow to Bangladesh reached a record high of $13.77 billion in the first half of fiscal year 2024-25, with December alone contributing record $2.63 billion, according to Bangladesh Bank data...
President seeks Philippines鈥� help to recover BB stolen reserves
President Mohammed Shahabuddin on Tuesday sought cooperation of the Philippines government to bring back the entire amount of stolen reserves of Bangladesh Bank to the country...
ACC moves to probe BB reserve heist
The Anti-Corruption Commission has initiated a move to probe corruption allegations in the $101 million cyber heist from Bangladesh Bank in 2016.
Liquidity support for weak banks: BB under pressure
The emergency liquidity support to scam hit banks against the backdrop of high presence of printing money in the economy due to record borrowing by the ousted Awami League regime...
BB identifies reasons behind increased dollar demand
The Bangladesh Bank has identified several factors contributing to the rising demand for US dollars, leading to volatility in the foreign exchange market.
BB to strengthen monitoring of volatile dollar market
Bangladesh Bank on Monday decided to tighten its grip on the volatile foreign exchange market through strict measures and enhanced monitoring systems to restore stability.
BB identifies reasons behind increased dollar demand
Bangladesh Bank has identified several factors contributing to the rising demand for US dollars, leading to volatility in the foreign exchange market.
BB governor acknowledges failures, achievements
Bangladesh Bank governor Ahsan H Mansur said on Sunday that Bangladesh has made significant progress in the development of its financial sector though there have been...
BB governor admits failures, progress in Bangladesh鈥檚 financial sector
Bangladesh Bank governor Ahsan H Mansur said on Sunday that Bangladesh had made significant progress in the development of its financial sector though there have been numerous shortcomings that necessitate a thorough self-assessment...
Many weak banks recovering, says BB governor
Bangladesh Bank governor Ahsan H Mansur has said that several banks, which were on the brink of bankruptcy, are now making significant strides in recovery due to strengthened regulatory measures and improved management practices.
Remittance inflow thru MFS surges by 95pc in October
Bangladesh鈥檚 migrant workers sent home Tk 1,102.22 crore in remittances through mobile financial service providers in October 2024, according to Bangladesh Bank data.
BB raises age limit for NBFI jobs
The Bangladesh Bank has set the maximum age limit for entering jobs at the non-bank financial institutions to 32.
