Bangladesh Bank increases overseas treatment expense limit to $15,000
Bangladesh Bank has raised the limit of funds to be sent abroad for medical treatment expenses from $10,000 to $15,000.
Tags : Bangladesh bank
SC stays BB鈥檚 order appointing administrator to Nagad
The Appellate Division of the Supreme Court has stayed Bangladesh Bank鈥檚 August 21, 2024 decision to dissolve Nagad Limited鈥檚 board of directors and appoint an administrator to oversee its operations.
BB gets power to take over ailing banks
The interim government has promulgated an ordinance, allowing the Bangladesh Bank, the central bank of the country, to take over any crisis-hit bank, transfer its assets and hand over the bank鈥檚 operations to a bridge bank.
Bangladesh Bank clamps down on banks鈥� overseas operations
The Bangladesh Bank has tightened its oversight on overseas operations of local banks, mandating strict conditions before they can establish foreign branches, subsidiaries, or invest in offshore entities.
Bangladesh Bank limits banks from giving loans to directors, families
Bangladesh Bank has barred bank directors, their family members, and affiliated business entities from obtaining loans exceeding 50 per cent of the face value of their shareholding in the respective bank.
Prime Bank to host training for CMSMEs
Prime Bank PLC has signed an agreement with the Bangladesh Bank to implement an entrepreneurship development programme for CMSMEs as part of 鈥楽kills for Industry Competitiveness and Innovation Programme鈥� project funded by the Asian Development Bank, said a press release...
MBL to host training for entrepreneurs
Mercantile Bank PLC has signed an agreement with the Bangladesh Bank to implement an entrepreneurship development programme titled 鈥楽kills for Industry Competitiveness and Innovation Programme鈥� under the Finance Division, said a press release...
Current account deficit decreases to $659m
Bangladesh鈥檚 current account deficit narrowed significantly in the first nine months of the 2024-25 financial year, mainly due to a robust increase in remittance inflows, according to the latest data released by Bangladesh Bank...
PBPLC to host training for entrepreneurs
Pubali Bank PLC has signed an agreement with the Bangladesh Bank to implement an entrepreneurship development programme titled 鈥楽kills for Industry Competitiveness and Innovation Programme鈥� under the Finance Division, said a press release...
LC opening goes up
The opening of letters of credit (LCs) for imports rose in the first nine months of the 2024鈥�25 fiscal year, displaying a gradual recovery in business activity after months of political turmoil...
Half of listed banks fail to declare dividends
Nineteen out of 36 banks listed on the stock market could not announce dividends for the 2024 financial year within the stipulated deadline as they failed to obtain approval from Bangladesh Bank...
Remittances $2.75b in Apr
The country鈥檚 remittance inflow witnessed a year-on-year growth of 34.6 per cent, reaching $2.75 billion in聽April...
Tk 35,850cr defaulted loans rescheduled in Oct-Dec
Banks rescheduled Tk 35,850 crore in defaulted loans during October-December period of 2024, with over 98 per cent of the rescheduling done by private banks...
Banks witness steady growth in deposits
Deposits in the country鈥檚 banking sector grew by 7.9 per cent in February compared with that in the same month in 2024...
Banks鈥� green financing surges in Oct-Dec
Green financing by banks and non-bank financial institutions increased in the October-December quarter compared with that in the previous quarter...
Mobile operators can now receive roaming bills in taka
The Bangladesh Bank on Thursday allowed mobile operators to collect payments in the local currency taka for roaming services used by resident Bangladeshi travelers...
Forex transaction thru cards hits 2-yr low
The volume of foreign currency transactions made through cards declined to two years low in February due to unstable political and economic situation...
Int鈥檒 exam fees can be remitted abroad without Bangladesh Bank approval
Bangladesh Bank on Tuesday allowed authorised examination centres conducting international examinations such as O-Level, A-Level, TOEFL, and SAT in the country to collect fees in taka and remit the equivalent foreign currency...
Expatriates send $1.78b remittance in 19 days
The strong inflow of remittances has continued into April, with expatriates sending $1.78 billion in the first 19 days of the month...
BB allows payment against discrepant import bills
The Bangladesh Bank on Sunday allowed banks to make payments against discrepant import bills if the importer accepts the discrepancies on reasonable grounds...
Dollar holdings of banks in Bangladesh top $5 billion in March
The dollar holdings of Bangladesh鈥檚 commercial banks increased for the third consecutive month in March, due mainly to a sharp rise in remittance inflows and export earnings, according to Bangladesh Bank data...
Bangladesh sees fall in local card use, increase in overseas cards in Feb
Spending abroad using Bangladeshi credit cards declined by about 16 per cent in February, while expenditure by foreign credit cardholders in Bangladesh saw an increase, according to the latest report from Bangladesh Bank...
Probe report on BB reserve heist case on May 18
A Dhaka court on Thursday set May 18 as the new deadline for submitting the probe report in the Bangladesh Bank reserve heist case of 2016...
28-day repo scrap driving treasury bill rate hikes
Interest rates on treasury bills and bonds have climbed sharply after the Bangladesh Bank discontinued its 28-day repo facility, tightening liquidity in the banking system and making banks more hesitant to invest in government securities...
Bangladesh Bank data shows remittance narrows payment deficit
Bangladesh鈥檚 current account deficit shrank in July-February of the current financial year due mainly to a sharp increase in remittance inflow, according to Bangladesh Bank data.
Bangladesh Bank says forex reserve crosses $21b
Bangladesh鈥檚 gross foreign exchange reserves, calculated under International Monetary Fund guidelines, crossed $21 billion again, driven by strong remittance inflows and export earnings...
NRBs allowed to open accounts in any currency
Bangladesh Bank on Sunday allowed Non-resident Bangladeshis (NRBs) to open bank accounts in all usable foreign currencies...
鈥業nter-agency taskforce working to recover laundered money鈥�
Bangladesh Bank governor Ahsan H Mansur said that the Bangladesh Financial Intelligence Unit, the central bank and other government organisations were working to bring back laundered money by forming an inter-agency taskforce.
Islamic banks to be merged into 2 banks: Bangladesh Bank governor
Bangladesh Bank governor Ahsan H Mansur on Wednesday聽said that there was a plan to merge Islamic banks to form two large banks...
A sign that authorities should not overlook
A persistent decline in private-sector credit growth is concerning. A sluggish private sector credit growth has a direct negative impact on industrial expansion, new investment and employment opportunities. The private sector credit growth fell to 6.82 per cent in February, hitting its lowest in the past two decades, according to available Bangladesh Bank data. A...