BB begins forex reporting as per IMF manual
13 July 2023, 18:00 PM
Bangladesh Bank yesterday began publishing foreign currency reserves as per the International Monetary Fund’s BPM6 manual, in a move that will ensure that the country’s dollar stockpile is reported accurately.
13 July 2023, 18:00 PM
A new era dawns in trade with India
9 July 2023, 01:00 AM
Bangladesh, India to begin bilateral trade in rupee from July 11
9 July 2023, 01:00 AM
Higher NPL burden for banking sector
6 July 2023, 18:00 PM
The banking sector is burdened by a high non-performing loan (NPL) and will need to continue measures to beef up supervision and accelerate loan recovery, according to the Bangladesh Bank.
6 July 2023, 18:00 PM
Forex reserve rises past $31b
26 June 2023, 18:00 PM
The country’s foreign exchange reserves rose past $31 billion yesterday after three multilateral lenders provided $925 million to Bangladesh.
26 June 2023, 18:00 PM
Extension of bank directors’ tenure: A huge blow to banking sector
25 June 2023, 01:00 AM
Allowing directors to stay on for 12 years will deal a huge blow to the financial health of banks, which are already facing several crises, including a lack of corporate governance in recent years, say experts.
25 June 2023, 01:00 AM
Tight monetary policy, but is it enough?
19 June 2023, 01:00 AM
On the surface, the monetary policy appears to be tuned to the need of the hour: bring down inflation and conserve reserves. But it comes caving down on careful reading.
19 June 2023, 01:00 AM
Can new monetary policy crush inflation?
17 June 2023, 18:00 PM
The Bangladesh Bank may today raise its key interest rates to tame inflationary pressure but the attempt might go in vain since the monetary authority may not withdraw the interest rate cap on loans in a true sense.
17 June 2023, 18:00 PM
11 banks facing a capital shortfall of Tk 33,575cr
16 June 2023, 02:00 AM
Eleven banks in Bangladesh faced a collective capital shortfall of Tk 33,575 crore in March, up 9.3 per cent from a quarter ago, in a reflection of their worsening financial health caused by persisting irregularities and lack of governance, central bank data showed.
16 June 2023, 02:00 AM
FDI goes up but lower than expected
Foreign direct investment to Bangladesh rose 13 per cent year-on-year to $2.89 billion last year, in a positive development for an economy long looking to increase the flow of external funds to accelerate its growth, official figures showed.
24 April 2022, 18:00 PM
Non-bank interest cap goes against global trends
The Bangladesh Bank yesterday imposed an interest rate cap on deposits and loans at non-bank financial institutions aligning with the ceiling now prevailing at banks although rates are rising globally to tame runaway inflation.
18 April 2022, 18:00 PM
Loan Scam: BB slaps credit card ban on Sikders
Bangladesh Bank yesterday banned 10 members of Sikder family and two officials of Sikder Group from using international credit cards for two years as they took loans from National Bank Ltd beyond their credit card limit grossly violating the banking rules.
13 April 2022, 18:00 PM
BB Cyber Heist: Case against Filipino business dismissed
A top United States court has dismissed a Bangladesh Bank case against a Philippines business entity, which was accused in the unprecedented cyber-heist faced by the central bank six years ago, according to media reports.
12 April 2022, 18:00 PM
Banks asked to curb non-essential imports
The Bangladesh Bank yesterday ordered banks to immediately adopt strict measures to discourage imports of non-essential items in a bid to rein in the escalating import payments and avert any pressure on the foreign currency reserves.
11 April 2022, 18:00 PM
Scams, higher expenses keep 9 banks in the red
Nine banks, including four state lenders, suffered net losses in 2021, largely as a consequence of financial scams that forced them to set aside higher provisioning.
11 April 2022, 18:00 PM
Lending leaping thru agent banking
Banks had initially focused on using agent banking platforms to mobilise deposits from rural areas, for which lending took a back seat.
10 April 2022, 18:00 PM
Trade deficit heads to historic high
Bangladesh’s trade deficit escalated by 80 per cent in the first eight months of the ongoing fiscal year in the wake of a surge in import payments against lower exports receipts.
7 April 2022, 18:00 PM
Forex crisis spills over into call money market
The ongoing strain on Bangladesh’s foreign exchange regime has created cash shortages in the banking sector, sending the interbank call money rate to a 19-month high yesterday.
4 April 2022, 18:00 PM
Focus on sustainability sparks innovation
The Hong Kong and Shanghai Banking Corporation (HSBC) has set a goal to provide between $750 billion and $1 trillion in financing and investment globally in the next decade to support its clients to lower carbon emissions and achieve sustainable growth.
3 April 2022, 18:00 PM
Nagad gets extension for fifth time
The Bangladesh Bank has once again renewed the interim licence of Nagad for another six months as the Bangladesh Post Office (BPO) is yet to form a subsidiary to run the mobile financial service.
2 April 2022, 18:00 PM
EBL, Visa team up to help banks cut card operations cost
Visa Worldwide Pte Ltd has partnered with Eastern Bank Ltd to roll out a solution to offer trustee services to its member banks, the first of its kind in Bangladesh.
28 March 2022, 18:00 PM
Forex crisis now threatens macroeconomic stability
Like all countries in the world, Bangladesh too is facing volatility in the foreign exchange market. This was initially caused by the demand recovery and supply chain disruption as battered economies began recovering from the coronavirus pandemic.
26 March 2022, 18:00 PM
Fund transfer to be instant for NBFIs, forex transactions
Lenders and clients in Bangladesh are set to get the opportunity to settle transactions instantly as the central bank has moved to expand the facility of real-time gross settlement (RTGS) to non-bank financial institutions and the foreign exchange operations of banks.
20 March 2022, 18:00 PM
Cash recycling machines fast coming to the fore
Banks are installing cash recycling machines at a faster pace as part of their efforts to provide deposit and cash withdrawal services to clients under the same platform.
17 March 2022, 18:00 PM
Ponzi schemes brought them Tk 6,050cr in just 4 months
Twenty-five controversial e-commerce platforms in Bangladesh were deluged with orders worth a staggering Tk 6,050 crore in just four months last year under Ponzi-like schemes that lured unsuspecting customers on the back of hefty discounts.
16 March 2022, 18:00 PM
Local banks explore ways as SWIFT ban takes effect
Banks in Bangladesh are on the lookout for alternative ways to continue banking with Russian lenders after their transactions with seven major financial institutions came under restriction from SWIFT from yesterday following the western sanction.
12 March 2022, 18:00 PM
Capital shortfall at banks widens
Ten banks in Bangladesh collectively faced a capital shortfall of Tk 34,639 crore in December, which highlighted their fragile health caused by years of irregularities.
10 March 2022, 18:00 PM
IMF for more BB independence
Strengthening Bangladesh Bank’s independence and autonomy is key to enabling it to strictly enforce the current prudential regulations in the banking sector, said International Monetary Fund (IMF).
8 March 2022, 18:00 PM
Current account deficit hits all-time high
Bangladesh’s current account deficit hit an all-time high of $10 billion in just the first seven months of the ongoing fiscal year due to the escalation of trade deficit and dwindling remittances.
8 March 2022, 18:00 PM