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
Farmers remain good borrowers
Loan repayments by farmers have gone up significantly in the first seven months of this fiscal year as the farm sector that already has a sound credit history emerged almost unscathed from the devastating fallouts of the pandemic.
20 February 2021, 18:00 PM
With a little help from his friends!
Proshanta Kumar Halder alias PK Halder had played tricks on four non-bank financial institutions in such a way that no one could suspect anything before around Tk 10,000 crore were siphoned from those.
17 February 2021, 18:00 PM
Card use hits all-time high
Use of both credit and debit cards hit an all-time high in December as people continued to fulfil their demand using the digital means, sidestepping the fear of economic losses caused by the pandemic.
16 February 2021, 18:00 PM
Tk 12,140cr defaulted loans rescheduled, written-off
Banks swept under the rug Tk 12,140 crore in defaulted loans in the nine months to September last year by rescheduling and writing those off.
11 February 2021, 18:00 PM
11 banks cause Tk 123.49cr sectoral provision shortfall
Bangladesh’s banking sector faced a provision shortfall of Tk 123.49 crore last year, primarily for a lacklustre performance of 11 banks.
10 February 2021, 18:00 PM
Default loans drop on relaxed policies
Default loans went down in 2020 on the back of a general forbearance on loan payments, a development that does not cheer experts and bankers as the fall did not paint the actual scenario.
9 February 2021, 18:00 PM
Bank directors seek longer loan tenures
The Bangladesh Association of Banks (BAB) yesterday asked the central bank to further relax the repayment tenure for term loans and working capital.
8 February 2021, 18:00 PM
Bank directors’ demand for extending loan repayment tenure faces criticism
Directors of banks have urged the central bank to relax the repayment tenure for term loans and working capital further, a demand that was opposed by bankers and analysts as the banking industry is still reeling from the pandemic-induced slowdown.
7 February 2021, 18:00 PM
Small enterprises, farmers still languish in neglect
The implementation of stimulus packages for small and medium enterprises, the agriculture sector and underprivileged professionals and businesses is still weak because of lukewarm response from banks although they were unveiled more than a year ago.
6 February 2021, 18:00 PM
Trade in secondary bond market hits an all-time high
The secondary bond market in Bangladesh has boomed in recent months on the back of lower interest rates on bank deposits and a set of measures taken by the central bank.
4 February 2021, 18:00 PM
Remittance stays robust
Remittance flow to Bangladesh has maintained its robust growth in January despite the persisting pandemic although it dropped below $2 billion for the first time in the last five months.
1 February 2021, 18:00 PM
Banks show lacklustre performance in disbursing farm stimulus
Banks are still far from meeting the disbursement deadline for farm loans under the associated stimulus package of Tk 5,000 crore as a third of the fund is yet to be given out.
30 January 2021, 18:00 PM
Trade deficit narrows on falling imports
The trade deficit shrank heavily in the first half of the ongoing fiscal year because of dwindling imports amid the economic slowdown, in a sign of depressed demand and consumption.
27 January 2021, 18:00 PM
Commerce Bank, Janata run into a quagmire
Bangladesh Commerce Bank and Janata Bank Ltd are in a difficult situation to recover Tk 633 crore they deposited with six non-bank financial institutions as the latter’s financial health deteriorated because of massive scams and lack of good governance.
26 January 2021, 18:00 PM
Banks fail to pay import bills, tarnish country’s image
The image of the country’s financial sector has been tarnished in the international arena as a good number of local banks have not made import payments on time.
26 January 2021, 18:00 PM
Bangladesh Bank in a tight spot
The central bank plans to continue its expansionary monetary policy in the second half of the current fiscal year because of the persistent business slowdown caused by the coronavirus pandemic.
25 January 2021, 18:00 PM
Private credit growth inches up in Dec
Despite demand for loans being suppressed by the ongoing business slowdown, private sector credit growth crept up in December after undergoing a steep descent in the previous two months.
24 January 2021, 18:00 PM
BB in a quagmire as excess liquidity balloons
Bangladesh Bank has fallen in a quagmire tackling an escalation of excess liquidity trending in banks, emerging from slow credit growth and implementation of stimulus packages and an upward trend in receiving remittance.
21 January 2021, 18:00 PM
Radiant Pharma acquires Julphar for Tk 140cr
Radiant Pharmaceuticals has acquired Julphar Bangladesh, a subsidiary of United Arab Emirates-based multinational Julphar Gulf Pharmaceutical Industries, for around Tk 140 crore.
20 January 2021, 18:00 PM
Bangladesh Bank buys record $5.49 billion to keep taka stable
The central bank purchased greenback worth a record $5.49 billion in the first half of the current fiscal year to keep stable the exchange rate of the local currency.
17 January 2021, 18:00 PM