Bangladesh Bank appoints receiver to Beximco Group
The Bangladesh Bank on Sunday decided to appoint receiver at Beximco Group to manage affairs of the group of companies.
Tags : Bangladesh bank
NBL aims to recover defaulted loans, restore reputation: Mintoo
National Bank Limited aims to regain its leading position among the country鈥檚 private banks with proactive support from the Bangladesh Bank and will pursue all legal avenues to recover defaulted loans...
BB to ask banks not to impose LC margin on essentials鈥� import until Ramadan
The Bangladesh Bank is likely to issue a circular on Sunday asking all banks not to impose LC margin on import of essential goods until at least Ramadan.
ICB gets govt guarantee for Tk 3,000cr BB loan
The government has decided to provide a sovereign guarantee for a Tk 3,000 crore loan from the Bangladesh Bank to the Investment Corporation of Bangladesh, which actually removed...
Bangladesh Bank to keep policy rate high for 6 more months
The Bangladesh Bank wants to maintain the current high policy rate for six more months with the aim of bringing inflation down to a single-digit level, according to its...
BB asks financial institutions to bolster security amid risk of cyber attack
The Bangladesh Bank has asked all banks and non-bank financial institutions to implement rigorous security measures due to an increased risk of cyber attacks.
No compulsory interest rate for dollar accounts
The Bangladesh Bank on Thursday withdrew the compulsory interest rate system for resident foreign currency deposit accounts, allowing banks the flexibility to set rates in direct negotiations with customers...
Banks allowed to issue export performance bond
The Bangladesh Bank on Wednesday allowed banks to issue performance bonds or guarantees in favour of overseas buyers or contractors on behalf of resident exporters and subcontractors, without needing prior permission...
LC opening rises in Sept
The opening of letters of credit for imports rose in September, but it dropped slightly in the July-September period in the financial year 2024-25 compared with that in the same period in the previous year...
Govt should bust nexus of tycoons close to Hasina
POWERFUL business tycoons, who had been close to the deposed prime minister Sheikh Hasina, have swindled $17 billion off the banking sector, as the Bangladesh Bank government has said in an interview with the Financial Times, during the 15 years of the authoritarian regime of the Awami League. The central banker is reported to have said that the tycoons...
Call money rate nears 10pc amid policy rate hike
The interbank call money rate on Monday surged to nearly 10 per cent following an increase in the policy rate by the Bangladesh Bank...
Tycoons close to Hasina siphoned off $17bn from Bangladesh, BB governor tells Financial Times
In an interview with the Financial Times, Bangladesh Bank governor Ahsan Mansur accused powerful business tycoons of siphoning off $ 17 billion from the banking sector of the country during the 15-year rule of the ousted prime minister Sheikh Hasina...
No respite yet from banking sector woes
A crisis of confidence has gripped the country鈥檚 banking sector amid little action taken to resolve the deep-rooted challenges facing the sector and hold those accountable for years of malfeasance and mismanagement.
NRBC Bank penalised for breaching rules
The Bangladesh Bank has imposed a Tk聽5 lakh fine on NRBC Bank for the private commercial bank鈥檚 failure to report suspicious transactions by a client and ordered it to take disciplinary actions against officials concerned for their failure to do duties and for providing false information...
BB eases rules for commercial import thru contracts
The Bangladesh Bank on Thursday relaxed rules for commercial imports through contracts.
Bangladesh Bank asks bank employees to file tax returns
Just like government employees, bank officials and staff in the four city corporations of Bangladesh are now required to submit their tax returns online...
Bangladesh Bank makes money costlier to curb inflation
The Bangladesh Bank on Tuesday increased the policy rate by 50 basis points to 10 per cent with the aim of tightening money supply to control inflation.
Reissuance auction date for 15-year T-bond set
The Bangladesh Bank has announced the reissuance auction of a 15-year Bangladesh government treasury bond, scheduled for today.
Surge in essentials鈥� prices behind high inflation in July-Sept: BB
A surge in prices of commodities became a major contributor to high inflation in July-September, according to a Bangladesh Bank report.
Six struggling banks in Bangladesh receive Tk 1,640 crore in liquidity support
Six financially weak banks in Bangladesh have reportedly received a total of Tk 1,640 crore in loans from stronger banks.
Hanif Mia joins Karmasangsthan Bank as director
Md Hanif Miah has been appointed as a director of Karmasangsthan Bank鈥檚 board of directors for three years as per a notification dated October 15 of the Financial Institutions...
BB allows job seekers to send money to foreign bank accounts
The Bangladesh Bank on Thursday instructed banks to allow individuals seeking employment abroad to send necessary amount of money to their bank accounts in the countries they plan to move to.
Exim Bank and Union Bank receive Tk 550cr liquidity support
State-run Sonali Bank has provided Tk 550 crore liquidity support to two more struggling banks through interbank market, with the Bangladesh Bank assuming responsibility for repaying any loans if...
Export rules for e-commerce products eased
The Bangladesh Bank on Monday provided special concessions to exports of e-commerce products with the aim of supporting small exporters...
Bangladesh's forex reserve rises by $384m in a month
Bangladesh鈥檚 gross foreign exchange reserve, as per the International Monetary Fund鈥檚 guidelines, increased by $384 million in a month, due largely to higher remittance inflows and a halt in the Bangladesh Bank鈥檚 dollar sales...
Pvt sector credit growth in Bangladesh drops
The private sector credit growth in the country dropped in August compared with that in the previous month amid turmoil in the banking sector and business environment...
Bank deposits maintain downward trend
Bank deposits have dropped by about Tk聽11,000 crore in recent months, driven mainly by anxiety among depositors...
Banks to remain closed today
The Bangladesh Bank has announced that all banks will be closed today for Durga Puja, following a government-declared holiday.
Some BB officials for removal of 2 deputy governors
A group of Bangladesh Bank officials on Wednesday urged the interim government to remove two deputy governors, Nurun Nahar and Habibur Rahman, who were appointed during...
BFIU asks bank authorities to freeze accounts of Taposh, his family
The bank accounts of Sheikh Fazle Noor Taposh, the former mayor of Dhaka South City Corporation, have been frozen as part of an ongoing investigation into alleged financial misconduct...