The financial account deficit surged to $581 million in the first five months (July鈥揘ovember) of FY2024鈥�25, an increase from a $206 million deficit recorded in the July鈥揙ctober period, primarily due to higher loan repayments coupled with poor loan inflows...
Bangladesh Bank is likely to announce its Monetary Policy Statement (MPS) for the second half of the ongoing fiscal 2024-25 on February 10...
The Federation of Bangladesh Chambers of Commerce and Industry has urged Bangladesh Bank to extend the loan repayment period for defaulters from three months to nine months...
The dollar amounts held by Bangladesh鈥檚 commercial banks dropped to a five-year and six-month low in December 2024, reflecting the severe impact of Bangladesh Bank鈥檚 mismanagement amid a prolonged dollar crisis...
The Bangladesh Bank has decided to adopt a forward-looking approach to provisioning for loan losses, requiring banks to set aside money for potential losses before loans become overdue or default...
IDLC Finance PLC has launched launch Shariah-compliant financing window titled IDLC Islamic, said a press release...
THE true extent of financial crimes and malpractice of the Beximco Group, controlled by the ousted prime minister Sheikh Hasina鈥檚 private industry and investment adviser Salman F Rahman, appear to have not been uncovered yet. Fresh investigations after the fall of the Awami League government in August 2024 in a mass uprising have showed some of the...
The Bangladesh Bank has reset quotas for allocating sukuk among Shariah-based banks, financial institutions, insurance companies and individual investors...
JAJ Bhuiyan Group withdrew Tk 1,210 crore through the little-known Jakia Group, alongside its Tk 1,090 crore loans from Agrani Bank, to bypass the Bangladesh Bank鈥檚 single borrower exposure limit...
The Bangladesh Bank has extended the payment period for imported raw materials and agricultural inputs from 180 days to 360 days...
Economic activities in Bangladesh may face short-term challenges as the government moves forward with large-scale economic reforms aimed at long-term benefits, according to a recent report from Bangladesh Bank...
Expatriate Bangladeshis sent over US$1.21 billion in remittance during the first 18 days of January in the 2024-25 fiscal year...
Bangladesh Bank (BB) has alerted all in case of using its logo elsewhere for avoiding any kind of forgery...
The Anti-Corruption Commission on Sunday conducted a drive at the residence of former Bangladesh Bank deputy governor Sitanshu Kumar Sur Chowdhury and recovered Tk 16.25 lakh in聽 cash, savings...
The Bangladesh Bank is likely to announce its monetary policy statement or MPS for the second half of the ongoing financial year 2024-25 on January 27.
Bangladesh Bank governor Ahsan H Mansur on Thursday directed 11 joint investigation teams to expedite their probes into corruption allegations against the ousted prime minister Sheikh Hasina, her family members, and 10 business groups...
Mohammad Hafizur Rahman, father-in-law of Daily Sun editor Md Rezaul Karim Lotus, died at around 1:00pm at his residence in Bashundhara Residential Area in Dhaka on Thursday...
Bangladesh Bank governor Ahsan H Mansur on Thursday called upon businesses to maintain compliance anyhow...
Pubali Bank PLC chairman Monzurur Rahman on Thursday instructed the bank鈥檚 officials to conduct banking operations by following rules and regulations of the Bangladesh Bank and the regulatory body, said a press release...
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.
The sales of all types of savings certificates which remained suspended since last Thursday due to software upgrades are likely to resume on Thursday.
The Bangladesh Bank has allowed payment of non-refundable licence renewal fee using Bangladesh Electronic Fund Transfer Network...
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...
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....
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...
Two foreign audit firms have begun evaluating the asset quality of six banks currently mired in financial irregularities and corruption...
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...
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...
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...
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...