Surge in essentials鈥� prices behind high inflation in July-Sept: BB
A surge in prices of commodities became a major contributor to high inflation in July-September, according to a Bangladesh Bank report.
Tags : bangladesh Bank
Six struggling banks in Bangladesh receive Tk 1,640 crore in liquidity support
Six financially weak banks in Bangladesh have reportedly received a total of Tk 1,640 crore in loans from stronger banks.
Hanif Mia joins Karmasangsthan Bank as director
Md Hanif Miah has been appointed as a director of Karmasangsthan Bank鈥檚 board of directors for three years as per a notification dated October 15 of the Financial Institutions...
BB allows job seekers to send money to foreign bank accounts
The Bangladesh Bank on Thursday instructed banks to allow individuals seeking employment abroad to send necessary amount of money to their bank accounts in the countries they plan to move to.
Exim Bank and Union Bank receive Tk 550cr liquidity support
State-run Sonali Bank has provided Tk 550 crore liquidity support to two more struggling banks through interbank market, with the Bangladesh Bank assuming responsibility for repaying any loans if...
Export rules for e-commerce products eased
The Bangladesh Bank on Monday provided special concessions to exports of e-commerce products with the aim of supporting small exporters...
Bangladesh's forex reserve rises by $384m in a month
Bangladesh鈥檚 gross foreign exchange reserve, as per the International Monetary Fund鈥檚 guidelines, increased by $384 million in a month, due largely to higher remittance inflows and a halt in the Bangladesh Bank鈥檚 dollar sales...
Pvt sector credit growth in Bangladesh drops
The private sector credit growth in the country dropped in August compared with that in the previous month amid turmoil in the banking sector and business environment...
Bank deposits maintain downward trend
Bank deposits have dropped by about Tk聽11,000 crore in recent months, driven mainly by anxiety among depositors...
Banks to remain closed today
The Bangladesh Bank has announced that all banks will be closed today for Durga Puja, following a government-declared holiday.
Some BB officials for removal of 2 deputy governors
A group of Bangladesh Bank officials on Wednesday urged the interim government to remove two deputy governors, Nurun Nahar and Habibur Rahman, who were appointed during...
BFIU asks bank authorities to freeze accounts of Taposh, his family
The bank accounts of Sheikh Fazle Noor Taposh, the former mayor of Dhaka South City Corporation, have been frozen as part of an ongoing investigation into alleged financial misconduct...
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...
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...