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Tags : bangladesh Bank


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Mohammad Hafizur Rahman dies

Mohammad Hafizur Rahman, father-in-law of Daily Sun editor Md Rezaul Karim Lotus, died at around 1:00pm at his residence in Bashundhara Residential Area in Dhaka on Thursday...

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Pubali Bank chair stresses following BB rules

Pubali Bank PLC chairman Monzurur Rahman on Thursday instructed the bank’s officials to conduct banking operations by following rules and regulations of the Bangladesh Bank and the regulatory body, said a press release...

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Industrial term loans drop in July-Sept

Industrial term loan disbursements dropped in July-September period of 2024 compared with those in the same period of previous year, driven mainly by political unrests and high dollar rates...

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Stringent measures needed to save NBFIs

THE failure of the authorities to take measures to discipline and facilitate the ailing non-bank financial institution sector, crippled by an abnormally high defaulted loans, is unacceptable. More than 70 per cent of non-bank financial institutions are about to collapse. The Bangladesh Bank says that 21 of the 35 institutions have more than 50 per cent...

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Foreign firms begin auditing 6 banks

Two foreign audit firms have begun evaluating the asset quality of six banks currently mired in financial irregularities and corruption...

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Legal notice served on BB to stay Novartis share transfer

Legal notices were served on Wednesday on three officials concerned, including governor of the Bangladesh Bank, urging them to stay handing over of share of Tk 230 crore of Novartis Bangladesh to Radiant Pharmaceuticals Limited...

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Tk 9,391cr in farm loans disbursed in 4 months

Banks disbursed Tk 9,391 crore in agricultural loans in July-October of the 2024-25 financial year, which accounts for 24.71 per cent of the total disbursement target for FY25, according to Bangladesh Bank data...

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Over 50pc loans of 21 NBFIs now defaulted

Fifty per cent of the loans issued by 21 non-bank financial institutions (NBFIs) turned non-performing as of September, revealing a dire financial crisis in the sector...

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BB appoints EY, KPMG to audit 6 troubled banks

The Bangladesh Bank has enlisted global auditing firms Ernst & Young (EY) and KPMG to evaluate the asset quality of six banks currently mired in financial irregularities and corruption. The audit, funded by the Asian Development Bank, is part of efforts to restore transparency and accountability in the banking sector...

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Pvt sector credit growth plunges to 7.66pc

Private sector credit growth in Bangladesh fell sharply to 7.66 per cent in November, the lowest in 41 months, intensifying challenges in the banking sector and the broader economy...

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LC margins for importing luxury cars reduced 50pc

The Bangladesh Bank on Thursday reduced the letter of credit (LC) margin for importing luxury cars to 50 per cent from the previous 100 per cent and removed LC margin limits for environment-friendly vehicles...

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Remittance inflow reaches $13.77b in July-December

Remittance inflow to Bangladesh reached a record high of $13.77 billion in the first half of fiscal year 2024-25, with December alone contributing record $2.63 billion, according to Bangladesh Bank data...

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ACC moves to probe BB reserve heist

The Anti-Corruption Commission has initiated a move to probe corruption allegations in the $101 million cyber heist from Bangladesh Bank in 2016.