The High Court on Sunday ordered the Bangladesh Bank governor to unfreeze six bank accounts of Global Shoes, a company linked to former National Board of Revenue鈥檚 Appellate Tribunal member Matiur Rahman and his family...
Bangladeshi expatriates have send $1.63 billion in remittances in 21 days of September 2024, according to a report released by Bangladesh Bank on Sunday.
The Ministry of Finance has appointed Fahmida Khatun, executive director of the Centre for Policy Dialogue, as a director to the Bangladesh Bank board.
BANGLADESH stands at a critical crossroads, grappling with formidable economic challenges. Soaring inflation, depleting foreign reserves and sluggish growth have eroded public confidence. Years of mismanagement and unchecked corruption in the banking sector have deepened the crisis. However, with the appointment of Dr Ahsan H Mansur as governor...
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...
The Bangladesh Bank on Tuesday appointed a five-member management board to Nagad, the second largest mobile financial service provider in the country...
Bangladesh鈥檚 foreign exchange reserves have neared $20 billion as per BPM-6 calculation standard of the International Monetary Fund and crossed $24 billion as per Bangladesh Bank鈥檚 conventional valuation...
The High Court on Tuesday directed the government and Bangladesh Bank to explain in 10 days why the appointment of an administrator to Nagad, the state-owned mobile financial service...
The opening of letters of credit (LCs) for imports dropped significantly in the first two months of the 2024-25 financial year, primarily due to nationwide unrest...
The interim government on Thursday decided that the Bangladesh Bank would formulate a roadmap to get back the public money deposited in different private banks by...
Cash held outside the country鈥檚 banking system surged in July, driven by depositors鈥� decreased confidence and inflationary pressures...
Bangladesh Bank governor Ahsan H Mansur has urged the public to maintain confidence in the nation鈥檚 banking sector, highlighting significant ongoing reforms aimed at stabilising and improving financial institutions...
Bangladesh Bank on Wednesday formed a six-member task force aimed at reforming the troubled banking sector...
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...
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....
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...
The Bangladesh Bank has appointed its executive directors Md Zakir Hossain Chowdhury and Md Kabir Ahmed as deputy governors...
Bangladesh Bank on Sunday finally lifted the limit on cash withdrawal from per account in a day...
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...
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...
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.
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...
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...
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...
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.
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...
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...
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...
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...
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...