Remittance inflow to Bangladesh hits $23.9b in FY24
Remittance inflow to Bangladesh increased by $2.3 billion in the 2023-24 financial year compared with that in the previous financial year amid a rise in dollar rate...
Tags : bangladesh Bank
Govt slashes cash incentive for exports for FY25
The government on Sunday reduced rates of cash incentives against exports for all 43 categories up to 50 per cent for the financial year 2024-25 that begins today...
BB extends payment period for raw material imports till Dec
The Bangladesh Bank has extended the period for payment against imports of industrial raw materials from 180 to 360 days, maintaining this arrangement until December 2024....
Net NSC sales dip in 9 months
The net sales of national savings certificates went down further in the July-March period due to high inflationary pressures and rising bank interest rates...
Banks, NBFIs asked to freeze accounts of Matiur, family
The Bangladesh Financial Intelligence Unit of the Bangladesh Bank on Tuesday asked all banks and non-banking financial institutions to freeze all accounts of National Board of Revenue member Matiur Rahman and his family members who were now facing allegations of amassing illegal wealth...
Knitwear pushes up RMG value addition in Q3
Value addition in the country鈥檚 readymade garment sector reached a record high of 72.20 per cent in the third quarter (January-March) of the current financial year 2023-24 compared with that of 71.06 per cent in the same period of FY23...
Bangladesh鈥檚 external debts $99.3 billion
Bangladesh鈥檚 external debts slightly decreased to $99.3 billion at the end of March 2024, down from $100.6 billion in December 2023, according to Bangladesh Bank data...
Raise instalment amount not number for term, housing loans: BB
The Bangladesh Bank has issued new instructions regarding instalments of term (industrial) loans and housing loans after raising interest rates...
BB working to make list of top loan defaulters: Fin Min
Finance minister Abul Hassan Mahmood Ali on Monday told the Jatiya Sangsad that Bangladesh Bank is in the process of preparing the list of top loan defaulter persons and organisations...
Internet banking transactions double in one year
The amount of internet banking transactions in Bangladesh has doubled over the past year, reflecting an increase in adoption of digital financial technologies...
Bad loans and failed governance
DATA recently published by the Bangladesh Bank demonstrate that our banking sector has a nagging problem of non-performing loans, which have reached a record high. According to the recent central bank data published on June 6, in the first quarter of 2024, the amount of non-performing loans was more than Tk 182,000 crore...
Deposits in NBFIs drop amid confidence crisis
Deposits in the country鈥檚 non-bank financial institutions (NBFIs) dropped by Tk聽525 crore in the January-March period as many customers closed their accounts due to lack of trust and confidence in the sector...
BB to allow firms for credit scoring of borrowers
The Bangladesh Bank has decided to allow companies to form 鈥榗redit bureaus鈥� for credit reporting and scoring on individuals and businesses by analysing borrowers鈥� credit histories and repayment capacities...
BB asks banks to ensure smooth ATM, other services during Eid vacation
The Bangladesh Bank has asked the commercials banks to ensure smooth and uninterrupted transactions through the automated teller machine, point of sale, internet banking, online e-payment gateway and mobile financial services during the vacation of Eid-ul-Azha...
Pvt sector credit growth hits 5-month low
The private sector credit growth in the country plunged to a five-month low in April due to liquidity crisis and rising interest rate...
Surge in state-owned bank bad loans warrants special attention
A SURGE in non-performing loans in state-run banks, already plagued by non-performing loans of about 25 per cent of the total outstanding loans, shows the failure of the authorities to go tough on loan defaulters. This also shows the futility of concessions that the authorities have earlier given to loan defaulters...
NPL in six state-run banks surges further聽
Non-performing loans in six state-run banks soared by Tk 6,805 crore in the three months ending in March, allegedly due to the central bank鈥檚 lenient approach towards defaulters...
Cash outside banks keeps soaring
The amount of cash held outside the country鈥檚 banks increased for the fifth consecutive month in April amid low confidence of depositors in the banking sector and inflationary pressures....
Sukuk bonds to be auctioned tomorrow for Ctg upazila, union road dev
The government has decided to collect funds through 鈥楽ukuk bond鈥� to develop the upazila and union road network in the Chattogram Division...
Nagad given licence for Bangladesh's first full-fledged digital bank
The Bangladesh Bank on Monday approved a banking licence for Nagad Digital Bank PLC, the first full-fledged digital bank in Bangladesh, and listed it as...
CID to submit charge sheet within 2 months
Additional inspector general of police of Criminal Investigation Department Mohammad Ali Mia on Sunday said that CID would submit the charge sheet of the Bangladesh Bank reserve heist after...
Cash incentives to be provided for export-oriented leather product factories: BB
The government will provide cash incentives for leather products manufactured in the exporters' own factories, as well as in 100 per cent export-oriented manufacturing companies....
Proper market intervention needed to check inflation: BB
The Bangladesh Bank in a report said that proper market intervention and implementation was needed to address the widening price gap between retail and wholesale prices of essential items that contributed to high food inflation in Bangladesh...
Foreign investment in stocks halves
Foreign investment in the Bangladesh鈥檚 capital market has nearly halved in the past two years, with investment in equity securities decreasing by 43.7 per cent from 2021 to 2023, according to Bangladesh Bank data...
HC seeks report on foreign workers, money taken out of Bangladesh
The High Court on Tuesday asked the Bangladesh Bank and other government authorities to submit reports on the number of foreign nationals working in Bangladesh and as to how they send their money to their respective countries...
BB allows Sarwar as IFIC Bank adviser under spl consideration
The Bangladesh Bank has allowed Mohammad Shah Alam Sarwar, the immediate past managing director and chief executive officer of IFIC Bank, to become an adviser to the bank under special consideration...
BB officers resent governor鈥檚 action
Bangladesh Bank employees have expressed their discontent over governor Abdur Rouf Talukder's actions that have led to a reduction in their various benefits...
Banks鈥� green finance dips
Banks鈥� green financing dropped in the January-March period of 2024 compared with that in the October-December period of 2023 amid a severe liquidity crisis in the country鈥檚 banking sector...
