Govt borrowing from banks surges to Tk 86,000cr
The government鈥檚 borrowing from commercial banks doubled in the first eight months of the 2024-25 financial year due to high interest rates and the low-risk nature of treasury instruments...
Tags : Banks
Bangladesh Bank dissolves boards of 3 more private banks
The Bangladesh Bank on Wednesday reconstituted boards of directors of three more private commercial banks, extending its restructuring efforts in the banking sector following the political transition on August 5...
Central Shariah Board holds fiqh committee meeting
Central Shariah Board for Islamic Banks of Bangladesh held its 52 meeting of the fiqh committee...
Islamic banks鈥� liquidity surges amid BB bailout
Excess liquidity in Islamic banks surged by Tk 9,272 crore in December compared to September 2024, mainly due to the Bangladesh Bank鈥檚 massive bailout to crisis-hit shariah-based banks...
BB鈥檚 power to dissolve weak banks proposed
The Bangladesh Bank has been granted sweeping powers in the draft of Bank Resolution Ordinance, 2025, allowing it to take over crisis-hit banks, transfer their assets, and hand over operations to a Bridge Banks...
CPD for closing sick banks, FID
The Centre for Policy Dialogue on Wednesday suggested closing down the private commercial banks which are now under life support and the finance ministry鈥檚 Financial Institutions Division for the division鈥檚 鈥榙ubious鈥� role in the financial sector...
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...
WB calls for forensic audit of 4 state banks in Bangladesh, FID reluctant
The World Bank has intended to evaluate the asset quality of four state-owned banks in Bangladesh, with a particular focus on the scam-hit Janata Bank, using international audit firms.
MCCI for boosting digital financial services
The Metropolitan Chamber of Commerce and Industry, Dhaka has recommended integrating mobile financial service providers with the National Payment Switch of Bangladesh, establishing independent credit-scoring agencies and launching digital banks to address gaps in financial inclusion to improve digital financial service or DFS ecosystem in Bangladesh...
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...
Loan facility to crisis-hit business groups, banks continues
The interim government has continued to provide crisis-hit commercial banks and large business groups with emergency loan assistances with the offering of Tk 180 crore to the Beximco Group in the past week, said officials...
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...
47th general meeting of Central Shariah Board held
The 47th general meeting of the Central Shariah Board for Islamic Banks of Bangladesh (CSBIB) was held at 4:00pm on Thursday at the head office of Shahjalal Islami Bank...
BTMA demands payments of bills against back-to-back LCs
The country鈥檚 primary textile millers on Tuesday demanded intervention from the Bangladesh Bank to realise their matured bills from commercial banks against the supply of yarn and fabric to the readymade garment industries through back-to-back letters of credit...
BB urges banks to rebuild global image after Moody鈥檚 downgrade
The Bangladesh Bank on Monday asked the country鈥檚 commercial banks to devise strategies to restore their global reputation following the Moody鈥檚 recent downgrade of Bangladesh鈥檚 long-term sovereign credit rating...
Dollar holding by banks dips
Dollars held by Bangladesh鈥檚 commercial banks hit a more-than-two-year low in October, driven by a severe shortage of the foreign currency in the country...
Bangladesh鈥檚 six state-owned banks without MDs for a month
Bangladesh鈥檚 six major state-owned banks Sonali, Janata, Agrani, Rupali, BASIC and Bangladesh Development Bank have been operating without managing directors for nearly a month.
Salehuddin asks BAB to lend loans after proper scrutiny
Adviser to the interim government on the ministries of finance and commerce Salehuddin Ahmed on Thursday asked the bank owners and managements to ensure lending of loans through proper scrutiny under the current circumstances...
4 struggling banks given Tk聽945 crore in loans to return depositors鈥� money
Five banks on Wednesday provided a total of Tk聽945 crore to four struggling banks through interbank market, with the Bangladesh Bank assuming responsibility for repaying any loans if these crisis-hit banks fail to do so, according to BB spokesperson and executive director Husne Ara Shikha...
10 solvent banks to provide support to 9 troubled ones
Ten banks have agreed to provide liquidity support to nine struggling banks through interbank market, with the central bank assuming responsibility for repaying any loans if these crisis-hit banks fail to do so...
Mannan elected IBCF chair
Mohammad Abdul Mannan, chairman of First Security Islami Bank, has been elected chairman of Islamic Banks Consultative Forum during the forum鈥檚 64th meeting held on Sunday, said a press release...
Govt should revise rules to safeguard banks: BAB chair
To safeguard the banking sector from exploitation in the future, the government, in collaboration with bank owners, should revise existing regulations that were crafted to disproportionately benefit a select group of corrupt individuals, said Abdul Hai Sarker, newly elected chairman of the Bangladesh Association of Banks...
BAB urges BB to close regulatory loopholes to recover NPLs
The Bangladesh Association of Banks (BAB) on Wednesday urged the Bangladesh Bank to address regulatory loopholes, particularly the practice of borrowers filing writ petitions to avoid being classified as loan defaulters...
Bangladesh Association of Banks gets new chairman, vice-chairmen
The executive committee of Bangladesh Association of Banks unanimously elected new chairman and vice-chairmen of the association at a meeting on Monday, says a press release.
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.
Cash-strapped Hungary borrows 1 billion euros from China
Hungary borrowed one billion euros ($1.1 billion) from Chinese banks earlier this year, its debt management agency said on Thursday, as the EU member state faces a difficult financial situation.
Banks partially reopen, see cash withdrawal rush
Some branches of the country鈥檚 commercial banks reopened on Wednesday as the government relaxed the ongoing curfew, allowing offices to keep open from 11:00am to 3:00pm...
Abdul Hai re-elected Dhaka Bank chair
Abdul Hai Sarker has been re-elected chairman of Dhaka Bank PLC鈥檚 board of directors, said a press release...
All major US banks pass Fed鈥檚 2024 鈥榮tress test鈥�
All 31 big US banks have passed the Federal Reserve鈥檚 annual 鈥榮tress test鈥櫬燿esigned to assess how well they would fare in a major financial crisis, the US central bank said Wednesday, while warning that losses would be higher than last year...
Excess liquidity of Islamic banks plunges by 77pc
Excess liquidity of Shariah-based banks in Bangladesh plummeted by 77 per cent in March 2024 compared with that in December 2023, driven by a confidence crisis of depositors...
