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 : Bangladesh bank
IBBL seeks BB guarantee for Tk聽1,100cr Sonali Bank loans
Crisis-hit Islami Bank Bangladesh PLC has sought Tk聽1,100 crore in loans from Sonali Bank through the interbank market and has urged the Bangladesh Bank to issue a guarantee for the loan...
Banks鈥� deposits, loans dip in July
Bank deposits and loan disbursements dropped in July. Bangladesh Bank data showed that deposits fell by Tk聽8,197 crore, reaching Tk聽17,34,026 crore in July (excluding interbank and government deposits), down from Tk聽17,42,224 crore in June....
Deposit insurance doubled to protect 95pc of depositors: BB governor
The Bangladesh Bank on Sunday raised the deposit insurance limit to Tk 2 lakh, as some banks in the country are on the verge of bankruptcy, but the government are making efforts to save them and protect depositors, said central bank governor Ahsan H Mansur...
Zakir, Kabir appointed BB deputy governors
The Bangladesh Bank has appointed its executive directors Md Zakir Hossain Chowdhury and Md Kabir Ahmed as deputy governors...
BB lifts limit on cash withdrawal per account in a day
Bangladesh Bank on Sunday finally lifted the limit on cash withdrawal from per account in a day...
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...
Bangladesh Bank sets 100pc cash margin for import of luxury products
The Bangladesh Bank has instructed banks to keep a 100-per cent cash margin for importing 14 luxury goods including gold, cosmetics, processed food, soft drinks, and leather goods to overcome foreign exchange crisis...
10 govt, private banks face provision shortfall of over Tk 31,000cr
Ten banks, including four government and six private commercial ones, had faced a provision shortfall of around Taka 31,549 crore in total at the end of June this year, as per the latest data of Bangladesh Bank.
Crisis-hit 8 banks to get interbank loan support
The Bangladesh Bank will facilitate limited bailouts for crisis-hit eight banks, which were previously under the control of the S Alam Group, through the interbank lending system, BB governor Ahsan H Mansur said on Wednesday...
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...
BB frees IFIC Bank from Salman鈥檚 grip
The Bangladesh Bank on Wednesday freed IFIC Bank from the control of controversial Salman F Rahman, former adviser to ousted prime minister Sheikh Hasina, by dissolving the bank鈥檚 board and appointing independent directors to it...
BB gives IBBL $1.1b worth liquidity against fake dollar buying
Bangladesh Bank has provided total $1.1 billion equivalent in financial support to Islami Bank Bangladesh Limited since January based on a massively fraudulent dollar purchase quotation.
BB reforms BCBL, Al-Arafah boards
The Bangladesh聽Bank on Sunday dissolved the boards of the Bangladesh Commerce Bank and the AL Arafah Islami Bank, and appointed independent directors to the banks鈥� boards...
BB makes EDF loans costlier
The Bangladesh Bank on Monday made loans in dollars from the Export Development Fund more expensive by tying the interest rate to the secured overnight financing rate (SOFR), which is significantly higher than the current rate for EDF loans...
Fariduddin becomes Union Bank chairman
Md Fariduddin Ahmed has been appointed as independent director and chairman of board of directors of Union Bank PLC by the Bangladesh Bank, said a press release...
Banks asked to give exporters loans to pay staff salaries for Aug
The Bangladesh Bank has instructed the country鈥檚 commercial banks to extend loan facilities to export-oriented industries for the payment of salaries and allowances for August, saying that the recent disruptions from political instability and global economic conditions affected timely export value repatriation...
BB now frees FSIB PLC from S Alam grip
The Bangladesh Bank on Sunday dissolved the board of First Security Islami Bank PLC, which was under the control of controversial S Alam Group, and appointed independent directors to the bank board...
BRAC Bank allegedly sacks over 2,500 in 3yrs
A Bangladesh Bank report has revealed that BRAC Bank PLC has allegedly dismissed over 2,500 employees in the past three years, with many reportedly forced to resign...
Nurul Amin becomes GIB chair
Mohammed Nurul Amin has been appointed as independent director and chairman of Global Islami Bank PLC鈥檚 board of directors following his selection by the Bangladesh Bank, said a press release...
BB deposits record Tk 15,100 crore to treasury from FY 2023-24 profit
Bangladesh Bank achieved a record profit in the fiscal year 2023-24, fueled by significant United States dollar sales from reserves and a sharp rise in short-term lending to commercial banks...
BB dissolves EXIM Bank board ending Mazumder鈥檚 16yr rule
The Bangladesh Bank on Thursday dissolved the board of the troubled Export Import Bank of Bangladesh and appointed a new five-member board.
BB raises banks鈥� farm loan target to Tk聽38,000cr
The Bangladesh Bank on Thursday raised agricultural loan disbursement target for banks by 8.75 per cent to Tk聽38,000 crore for the current financial year 2024-25 against the target of Tk聽35,000 crore for the past financial year...
BB to donate Tk 28 crore for victims of flood, student protests
Bangladesh Bank will donate Tk 5 crore to the foundation formed for those injured and killed in the recent student protests.
Court orders freezing of tax files of ex-BB deputy governor
A Dhaka court today gave an order to seize income tax files of Bangladesh Bank's former deputy governor Sitangshu Kumar Sur Chowdhury, his wife Suporna Sur Chowdhury and daughter Nandita Sur Chowdhury...
BB profit surges to Tk 15,100cr amid higher lending
The Bangladesh Bank鈥檚 net profit for the 2023-24 financial year rose to Tk 15,100 crore after operational expenses, driven by higher gains from lending and dollar sales...
Governor warns all not to purchase S Alam assets
Bangladesh Bank governor Ahsan H Mansur on Wednesday warned people not to purchase any assets linked to S Alam Group and said that the government planned to seize those assets to compensate depositors...
Bangladesh Bank reshapes boards of Union, Global Islami, UCB聽 banks
Bangladesh Bank on Tuesday dissolved the boards of Union Bank, Global Islami Bank, and United Commercial Bank, replacing them with independent directors.
DCCI seeks increased credit flow to CMSMEs
The Dhaka Chamber of Commerce and Industry on Tuesday called upon authorities concerned to increase credit flow to the cottage, micro, small and medium enterprises...
BB hikes repo rate to contain inflation
The Bangladesh Bank on Sunday increased the policy rate by 50 basis points to 9 per cent with the aim of tightening money supply to control inflation...