LC opening in Dec hits 30-month high
The opening of letters of credit for imports surged to $6.92 billion in December, marking a 30-month high as businesses ramped up Ramadan-centric imports...
Tags : Bangladesh bank
Remittance inflow above $2b for 6th straight month
Remittance inflow to Bangladesh increased slightly in January, with the inflow remaining above $2 billion for the last six consecutive months...
Govt needs to ensure autonomy, accountability of central bank
THE sorry state of the banking sector, which is crippled by alarmingly high non-performing loans and lingering governance crises, falls largely, if not squarely, on the Bangladesh Bank, which significantly lost its autonomy and suffered debilitating political interference during the authoritarian Awami League regime. A recent report prepared by an 11-member...
FID undermines Bangladesh Bank autonomy
Economists in a latest task force report have blamed poor leadership and the Financial Institutions Division for the erosion of the Bangladesh Bank鈥檚 autonomy.
BB to support revival of sick, defaulted cos
The Bangladesh Bank has decided to provide various policy supports to sick business firms which are under the burden of huge default loans, to revive such business again...
Binimoy a shell firm of Sajeeb Wazed Joy: Bangladesh Bank governor
Bangladesh Bank governor Ahsan H Mansur has claimed that Binimoy, the mobile financial services interoperability platform, was a shell company linked to Sajeeb Wazed Joy, son of ousted prime minister Sheikh Hasina...
Credit info database should return to rightful keepers
TWO decisions on the Credit Information Bureau database of the central bank during the Awami League government, toppled in a mass uprising on August 5, 2024, keep menacing the database management more than five months and a half after the interim government鈥檚 installation on August 8 that year. The Bangladesh Bank imposed restrictions before the...
CIB officials at Bangladesh Bank denied access to their database
Officials of the Credit Information Bureau at Bangladesh Bank have been denied access to the CIB database for over a year and a half, allegedly to conceal borrowers鈥� default loan statuses.
Depositors to get back money from weak banks soon: Mansur
Bangladesh Bank governor Ahsan H Mansur on Tuesday said that depositors of weak banks will soon get their deposits back...
SK Sur shown arrested in Hallmark loan scam case
Former Bangladesh Bank deputy governor Sitanshu Kumar Sur Chowdhury on Monday was shown arrested in a money laundering case filed by the Anti-Corruption Commission over the Hallmark Group loan scam seven years ago...
Forex transactions thru cards drop in Nov
The volume of foreign currency transactions made through cards declined in November compared with that in the previous month...
ACC finds assets of Tk聽4.7cr in SK Sur鈥檚 Bangladesh Bank locker
The Anti-Corruption Commission on Sunday found assets worth Tk聽4.70 crore in a locker at the Bangladesh Bank, belonging to former deputy governor Sitanshu Kumar Sur Chowdhury...
Financial account deficit hit $581m in July-Nov
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...
BB may unveil MPS for 2nd half of FY25 Feb 10
Bangladesh Bank is likely to announce its Monetary Policy Statement (MPS) for the second half of the ongoing fiscal 2024-25 on February 10...
Business leaders call for extension of loan repayment period
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...
Dollar holdings by banks hit 5-yr low
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...
Banks asked to adopt predictive loan loss provisioning by 2027
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 Islamic launched
IDLC Finance PLC has launched launch Shariah-compliant financing window titled IDLC Islamic, said a press release...
Salman, Beximco should face justice for financial crimes
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...
BB resets sukuk allocation quotas
The Bangladesh Bank has reset quotas for allocating sukuk among Shariah-based banks, financial institutions, insurance companies and individual investors...
JAJ Bhuiyan lifts Tk 1,210cr thru little-known Jakia group
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...
BB extends import bill payment period to 360 days
The Bangladesh Bank has extended the payment period for imported raw materials and agricultural inputs from 180 days to 360 days...
Economic activities may slow down amid reforms: BB
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...
Bangladesh receives $1.21b in remittance in 18 days
Expatriate Bangladeshis sent over US$1.21 billion in remittance during the first 18 days of January in the 2024-25 fiscal year...
BB alerts about using its logo
Bangladesh Bank (BB) has alerted all in case of using its logo elsewhere for avoiding any kind of forgery...
ACC recovers Tk 16 lakh, savings certificates worth Tk 4 crore at SK Sur鈥檚 house
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...
BB may unveil MPS for 2nd half of FY25 on Jan 27
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.
HASINA FAMILY, 10 BUSINESS GROUPS: BB governor asks teams to expedite graft probes
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 dies
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...
BB urges businesses to maintain compliance
Bangladesh Bank governor Ahsan H Mansur on Thursday called upon businesses to maintain compliance anyhow...