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...
Tags : bangladesh Bank
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...
BB forms task force for banking sector reforms
Bangladesh Bank on Wednesday formed a six-member task force aimed at reforming the troubled banking sector...
IBBL seeks BB guarantee for Tk聽1,100cr Sonali Bank loans
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...
Banks鈥� deposits, loans dip in July
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....
Deposit insurance doubled to protect 95pc of depositors: BB governor
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...
Zakir, Kabir appointed BB deputy governors
The Bangladesh Bank has appointed its executive directors Md Zakir Hossain Chowdhury and Md Kabir Ahmed as deputy governors...
BB lifts limit on cash withdrawal per account in a day
Bangladesh Bank on Sunday finally lifted the limit on cash withdrawal from per account in a day...
54pc of Tk 2.11 lakh crore NPL only in five banks
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...
Bangladesh Bank sets 100pc cash margin for import of luxury products
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...
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.
Crisis-hit 8 banks to get interbank loan support
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...
Authorities must ensure good governance in banking sector
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...
BB frees IFIC Bank from Salman鈥檚 grip
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...
BB gives IBBL $1.1b worth liquidity against fake dollar buying
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.
BB reforms BCBL, Al-Arafah boards
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...
