Finance adviser Dr Salehuddin Ahmed has announced that the interim government is working to establish a centralised information hub for financial and social data, aiming to enable investors to access all necessary information with a single click....
Deposits at Shariah-based banks in Bangladesh dropped by Tk 11,781 crore, leading to a negative liquidity position of around Tk 2,000 crore in September, as public confidence plummeted following widespread loan scandals and irregularities...
Bangladesh Bank is drafting separate rules to regulate the Islamic banking system in the country, a move that has stirred mixed reactions among bankers and analysts...
The country鈥檚 apparel makers are facing significant challenges in banking processes, particularly with issues related to raw material imports and export proceeds receipts, according to a study...
Distressed assets in Bangladesh鈥檚 banking sector surpassed Tk聽6.75 lakh crore at the end of FY24, an amount equivalent to the cost of 13.5 Dhaka Metro systems or 22.5 Padma Bridges, according to a...
THE Bangladesh Bank tightening loan classification rules by shortening the period of overdue loans to become non-performing to six months from nine months is welcome. The rules aligned with international practices, issued in a circular on November 27, would give a clearer picture of non-performing and bad loans in the banking sector. The rules are likely to help the authorities regulate the banking sector more...
Excess liquidity in the county鈥檚 banking sector increased slightly in September after a sharp fall in the previous couple of months...
Finance adviser Salehuddin Ahmed on Tuesday said that they had no plan to close down troubled banks despite they were limping...
WHEN a renowned international credit rating agency such as Moody鈥檚 downgrades a country鈥檚 credit ranking or its outlook on the banking sector, it entails some consequences for the country. The agency on November 18 downgraded Bangladesh鈥檚 credit rating to B2 from B1, citing heightened political risks and lower growth. It also downgraded its outlook...
THE volume of non-performing loans in the banking sector had already been grim during the toppled Awami League. An even grimmer picture is reported with a staggering Tk 2.85 crore in default loans in September, which is a radical increase from what was reported earlier this year. The central bank data show that the defaulted loans shot up to...
The volume of non-performing loans in the banking sector surged to a staggering Tk 2.85 lakh crore in September after the implementation of stricter regulatory practices, the minimisation of...
The net sales of national savings certificates soared in the July-September period in the financial year 2024-25, as many depositors turned to such stable, low-risk investment instruments amid concerns over the health of country鈥檚 banking sector...
INSIGHTFUL but metaphorical, the statement 鈥榙epositors are the true owners of a bank鈥� captures the dynamic between banks and their depositors. The faith and confidence of...
Cash held outside the country鈥檚 banking system decreased in September after a five-month increase, as depositors began returning their funds to banks amid their improved...
Deposit collection through agent banking increased by 22 per cent in the April-June period of 2024 compared with that in the same period of the previous year.
NET ZERO carbon emissions by 2050, following the temperature goal of the Paris Agreement in 2015, is an undoubted imperative in the 21st century. It is a must-attainable concept to be adopted from all aspects to achieve sustainable global economic growth. All sectors, especially manufacturing concerns, are highly associated with the challenge...
POWERFUL business tycoons, who had been close to the deposed prime minister Sheikh Hasina, have swindled $17 billion off the banking sector, as the Bangladesh Bank government has said in an interview with the Financial Times, during the 15 years of the authoritarian regime of the Awami League. The central banker is reported to have said that the tycoons...
A crisis of confidence has gripped the country鈥檚 banking sector amid little action taken to resolve the deep-rooted challenges facing the sector and hold those accountable for years of malfeasance and mismanagement.
Excess liquidity in Bangladesh鈥檚 banking sector declined by 10 per cent, or Tk聽20,500 crore, in July and August amid widespread unrests and a deepening crisis of...
Six financially weak banks in Bangladesh have reportedly received a total of Tk 1,640 crore in loans from stronger banks.
IN THE late 1920s, the world witnessed the collapse of the Weimar Republic, and with it, the German economy fell into disarray. Hyperinflation, a collapsed banking system, and...
Customer base of BRAC Bank鈥檚 banking app Astha recently hit 7 lakh, said a press release...
THE Awami League government, before its downfall on August 5, had revised the budget on June 6 allotting, Tk 414,080 million in the 2025 financial year, with a 9 per cent increase from the 2024 budget to accommodate macroeconomic challenges sucg as pandemic, price inflation and banking sector instability in banking. The health budget accounted for...
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...
To safeguard the banking sector from exploitation in the future, the government, in collaboration with bank owners, should revise existing regulations that were crafted to disproportionately benefit a select group of corrupt individuals, said Abdul Hai Sarker, newly elected chairman of the Bangladesh Association of Banks...
Finance, commerce, and science and technology adviser Salehuddin Ahmed on Tuesday said that the government was yet to decide how much fresh loan would be sought to the...
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...
Cash held outside the country鈥檚 banking system surged in July, driven by depositors鈥� decreased confidence and inflationary pressures...
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...
Bangladesh Bank on Wednesday formed a six-member task force aimed at reforming the troubled banking sector...