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...
Tags : Bangladesh bank
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.
BB asks banks not to buy dollars over Tk 123 each
The Bangladesh Bank has requested certain banks not to purchase dollars above Tk 123, amid growing criticism of its poor oversight, which has driven the greenback鈥檚 price to an alarming Tk 128 against the taka.
ACC approves cases against ex-Bangladesh Bank official SK Shur Chowdhury, family
The Anti-Corruption Commission on Monday approved filing three case against former deputy governor of Bangladesh Bank SK Sur Chowdhury, his wife Suparna Sur Choudhury and daughter Nandita Sur Choudhury for not submitting wealth statements to the commission...
Dollar price hike: 13 banks asked to explain
The Bangladesh Bank on Sunday sought explanations from 13 commercial banks regarding a sudden surge in dollar prices on the market.
BB to hire foreign firm for assessing troubled banks, WB, IMF to select audit firm
The Bangladesh Bank on Sunday decided to appoint an international consulting firm to conduct a detailed assessment of the crisis-hit banks in order to identify core issues causing problems and to undertake reforms.
Information center for financial, social data in the offing: Salehuddin
Finance adviser Dr Salehuddin Ahmed has announced that the interim government is working to establish a centralised information hub for financial and social data, aiming to enable investors to access all necessary information with a single click....
Islamic banks鈥� deposits go down by Tk 11,781cr
Deposits at Shariah-based banks in Bangladesh dropped by Tk 11,781 crore, leading to a negative liquidity position of around Tk 2,000 crore in September, as public confidence plummeted following widespread loan scandals and irregularities...