33pc of loans in NBFIs turns bad
The amount of defaulted loans in the country鈥檚 non-bank financial institutions was 33 per cent of the sector鈥檚 total loans in June 2024, as the sour loans surged by Tk聽4,760 crore in a year...
Tags : bangladesh Bank
Banks asked to submit loan data on monthly basis again
The Bangladesh Bank on Thursday directed banks and non-bank financial institutions to upload borrower loan data on a monthly basis...
聽Distressed banking sector in need of overhaul
THE Financial Stability Report 2023 of the Bangladesh Bank paints a disturbing picture of the banking sector that deteriorated rapidly during the Awami League regime. The total amount of distressed assets in the banking sector surged to a staggering Tk 5.47 lakh crore, or about 32 per cent of the total outstanding loan, by 2023. The amount is...
Banks allowed to provide emergency loans to NRBs
The Bangladesh Bank on Wednesday allowed banks to provide loans of up to Tk聽10 lakh to non-resident Bangladeshis working abroad for emergency purposes...
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...
BFIU seeks details of bank accounts of Shakib Al Hasan, his wife
The Bangladesh Financial Intelligence Unit on Wednesday asked banks to provide details of bank accounts under the name of cricketer Shakib Al Hasan and his wife, Umme Ahmed Shishir...
Five financially weak banks in Bangladesh to receive 1,000 crore in liquidity support
Five financially troubled banks in Bangladesh are receiving Tk 1,000 crore in liquidity support from six stronger banks, backed by guarantees from Bangladesh Bank.
Bangladesh receives $2.4 billion in remittance in Sept
Remittance inflow to Bangladesh soared by more than 80 per cent in September compared with that in the same month of the previous year, as expatriates sent more money through formal channels following major political shift in the country...
NSC sales bounce back
Net sales of national savings certificates or NSCs bounced back in July as depositors shifted their funds from struggling banks to safer, low-risk instruments like NSCs...
Banks鈥� distressed assets surge to Tk 5.5 lakh crore in 2023
The amount of distressed assets in Bangladesh鈥檚 banking sector skyrocketed to nearly Tk聽5.5 lakh crore by the end of 2023, driven by rampant loan irregularities and the Bangladesh Bank鈥檚 lax regulations and weak enforcement in the period...
Ex-chief of Bangladesh's financial intel unit under ACC scanner
The Anti-Corruption Commission on Wednesday decided to launch an inquiry against the former chief of the Bangladesh Financial Intelligence Unit of Bangladesh Bank, Md Masud Biswas, over allegations of amassing illegal wealth through corruption, including taking bribes...
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...
Bank accounts with over Tk聽1cr rise to 1,18,784 in June
The number of bank accounts holding deposits exceeding Tk聽1 crore increased to 1,18,784 as of June, according to Bangladesh Bank data...
BB raises policy rate to 10pc to curb inflation
The Bangladesh Bank on Tuesday increased the policy rate by 50 basis points to 9.5 per cent with the aim of tightening money supply to control inflation...
BB will not print any fresh money to solve financial crisis: governor
Bangladesh Bank Governor Ahsan H Mansur on Tuesday said that the central bank would not print any fresh money to lend to the government for solving financial crisis...
Taskforce will audit nine troubled banks: Bangladesh Bank governor
The Bangladesh Bank has decided to run special audits on nine banks through a taskforce to find out deep-rooted problems of these banks and solve those accordingly, said BB governor Ahsan H Mansur on Monday...
Nine banks survive on Tk聽18,165cr BB lifeline
Nine banks are currently operating with a combined negative current account balance of Tk 18,165 crore with the Bangladesh Bank, which means they are relying entirely on lifelines provided by the central bank to remain afloat...
Five crisis-hit banks to get cash support to return depositors鈥� funds
The Bangladesh Bank on Sunday agreed to provide credit guarantee to reassure other banks to lend to five financially troubled banks through the interbank money market, aiming to help these banks partially return funds to their depositors...
BB ordered to unfreeze accounts linked to ex-NBR official Matiur
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 send $1.63b remittance in 21 days
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.
Fahmida appointed to Bangladesh Bank board
The Ministry of Finance has appointed Fahmida Khatun, executive director of the Centre for Policy Dialogue, as a director to the Bangladesh Bank board.
Strategic reform for resilient banking sector
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...
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 Bank appoints management board to Nagad
The Bangladesh Bank on Tuesday appointed a five-member management board to Nagad, the second largest mobile financial service provider in the country...
Forex reserves near $20b: BB
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...
HC questions appointment of Nagad administrator
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...
LC opening drops in July-Aug
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...
BB to formulate road map to get back money
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 outside banks surges in July
Cash held outside the country鈥檚 banking system surged in July, driven by depositors鈥� decreased confidence and inflationary pressures...
BB governor urges for public confidence amid bank reforms
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...