NPL classification period reduced by 3 months
The Bangladesh Bank on Wednesday tightened loan classification rules by reducing classification period of overdue loans into non-performing ones to six months that was previously nine months...
Tags : bangladesh Bank
Affected importers given 8 years to repay loans
Importers, who faced losses due to foreign exchange rate spikes, can now repay their loans over a maximum period of eight years...
Excess liquidity in banks inches up
Excess liquidity in the county鈥檚 banking sector increased slightly in September after a sharp fall in the previous couple of months...
Pvt sector short-term foreign loans drop
The amount of private sector short-term foreign loans dropped to $10.72 billion in September, hitting its lowest in three years and six months amid slow business and increased repayments...
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...
Moody鈥檚 鈥榤oody鈥� rating downgrades Bangladesh
MOODY鈥橲 Investors Service has recently downgraded the credit rating for Bangladesh from B1 to B2 and changed the outlook for the economy from stable to negative. Credit ratings by rating agencies affect a country鈥檚 prospects for borrowing from the international capital market as well as its attractiveness for foreign investment...
Some BB officials demand removing 2 dy governors
A group of Bangladesh Bank officials on Sunday again urged the interim government to remove two deputy governors, Nurun Nahar and Habibur Rahman, who were appointed during the tenure of Awami League-led government deposed on August 5 through a mass uprising...
ACC to grill 17 BB officials
The Anti-Corruption Commission on Thursday summoned 17 officials of Bangladesh Bank for interrogation in connection with the embezzlement of money through sanctioning loans of thousands of crores of taka...
Moody鈥檚 ratings fail to reflect positive changes in economy, says BB
The Bangladesh Bank on Thursday said that the recent ratings given by Moody鈥檚 rating agency did not appropriately reflect the positive changes that happened in the political and economic areas following the August mass uprising in the country...
BB announces 10pc incentive for agro-processed product export
The Bangladesh Bank has introduced a 10 per cent cash incentive for the export of agricultural and agro-processed products...
Banks鈥� provision shortfall nearly doubles in Sept
The shortfall in provisions in the country鈥檚 banking sector nearly doubled at the end of September due to increased distressed assets in banks, especially in the state-run ones...
BB issues guidelines for operations of business in Bangladesh by JVs
The Bangladesh Bank has issued guidelines for operations of business in Bangladesh by joint ventures or consortiums or associations, or JVCA, having foreign partner(s) in order to make the process more transparent and more accountable...
BB raises limit for private travel foreign currency exchange
The Foreign Exchange Policy Department of the Bangladesh Bank has issued three new directives concerning foreign currency exchanges for private travel entitlements through licenced money changers...
S Alam issues legal action threat against Bangladesh: UK newspaper
Mohammed Saiful Alam, chairman and founder of S Alam Group, has claimed protection under his Singapore citizenship from what he described as a 鈥榗ampaign of intimidation鈥� led by Bangladesh Bank governor Ahsan H Mansur against his business conglomerate, according to a report published by the Financial Times on Monday.
No bank to be closed down: finance adviser
Finance adviser Salehuddin Ahmed on Tuesday said that they had no plan to close down troubled banks despite they were limping...
ACC summons 13 Bangladesh Bank officials over S Alam loan scam
The Anti-Corruption Commission on Monday summoned 13 officials of Bangladesh Bank to appear at the commission over embezzlement of money through sanctioning thousands of...
IBBPLC aims to recover Tk聽10,000cr by selling S Alam Group鈥檚 shares
Islami Bank Bangladesh PLC has decided to recover about Tk聽10,000 crore of loans by selling shares held by controversial S Alam Group, said the bank鈥檚 chairman, Obayed Ullah Al Masud, on Monday...
BB relaxes LC margin on imports of essentials for Ramadan
The Bangladesh Bank has relaxed LC margin on import of 11 types of essential commodities whose demand increases during the holy month of Ramadan...
Issues that govt needs to shore up to attract FDI
THE decline of foreign direct investment to a decade鈥檚 low in the 2023鈥�24 financial year raises concern and warrants the attention of authorities. The foreign direct investment declined by 8.80 per cent to $1.47 billion from $1.6 billion in the 2023 financial year, as the Bangladesh Bank says. The figure was $3.44 billion in the 2022 financial year. The FDI flow...
AB Bank wins two Mastercard excellence awards
AB Bank won awards for excellence in Mastercard Business (Financial Inclusion) and Excellence in Mastercard Debit Business (Domestic) 2023-24 on Saturday, says a press release.
Call money rate crosses 10pc after 11 years
The interbank call money rate has crossed 10 per cent after nearly 11 years following an increase in the policy rate by the Bangladesh Bank...
Stability restored in inflationary trend: Salehuddin
Finance adviser Salehuddin Ahmed has said although the interim government inherited high inflationary trend from the previous regime, stability has been restored due to various steps of the government.
NSC sales surge to Tk聽8,332cr in July-Sept
The net sales of national savings certificates soared in the July-September period in the financial year 2024-25, as many depositors turned to such stable, low-risk investment instruments amid concerns over the health of country鈥檚 banking sector...
Stocks rise
Dhaka stocks gained on Thursday as investors bought shares amid optimism about a market rebound after the recent corrections, market operators said...
BB to provide ICB with Tk 3,000cr loan
The finance division on Wednesday said that it had provided a sovereign guarantee on Tk 3000 crore loan from Bangladesh Bank to the Investment Corporation of Bangladesh to overcome its liquidity shortage...
7 weak banks get Tk聽6,585cr from 10 strong banks
Seven financially weak banks have so far received Tk聽6,585 crore from 10 stronger banks under the Bangladesh Bank鈥檚 new liquidity support arrangement...
US justice, treasury officials due next week聽
Bangladesh Bank governor Ahsan H Mansur said on Monday that they were expecting officials in justice and treasury departments of the United States in Dhaka the next week.
Bangladesh鈥檚 forex reserves drop to $18.46b after ACU payment: BB
Bangladesh鈥檚 gross foreign exchange reserve, calculated as per the International Monetary Fund鈥檚 guidelines, has dropped to $18.46 billion, following a $1.5-billion payment to the...
BB calls for more liquidity support for weak banks
The Bangladesh Bank on Monday asked stronger banks to provide more liquidity support to weaker banks which are struggling in repaying depositors鈥� money.
Bangladesh Bank to run forensic audit on Nagad
The Bangladesh Bank on Sunday decided to run a forensic audit on mobile financial service provider Nagad.