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
Loan moratorium may be extended further
The central bank is likely to extend the ongoing moratorium on the payment of loan instalments by another three months to December as borrowers are still struggling to make a comeback from the coronavirus pandemic.
6 September 2020, 18:00 PM
MFS transactions hit all-time high in July
Transactions through mobile financial services hit an all-time high of Tk 62,999 crore in July as an increasing number of people, businesses and government agencies are turning to the channel to avail digital services to keep the deadly coronavirus at bay.
3 September 2020, 18:00 PM
Agent banking holds promise for faster economic recovery
The global economy may shrink by more than 5 per cent this year due to the impact of the ongoing recession brought on by the coronavirus pandemic and countries are using everything from fiscal measures to monetary policies to avoid contraction, create jobs and save lives.
2 September 2020, 18:00 PM
Shocks await banks next year. Should they begin preparations now?
Many businesses are now living on a knife edge, and it is widely expected that the pandemic will leave a lasting legacy of bankruptcies and redundancies.
19 August 2020, 18:00 PM
Stimulus package for CMSMEs must be given out by Oct
The central bank yesterday instructed banks and non-bank financial institutions (NBFIs) to disburse loans under the stimulus package for the cottage, micro and small enterprises within October.
17 August 2020, 18:00 PM
Loan write-offs touch down to a three-year low
Loans written off by banks plummeted to a three-year low in the first quarter of 2020 as lenders’ capacity to keep 100 per cent provisioning against their delinquent assets has decreased because of the fall in profit.
16 August 2020, 18:00 PM
Little progress in recovering the Tk 18,253cr lost in financial scams in recent years
The financial regulators and the government organisations are still struggling to resolve the much-talked five financial scams in the country as the embezzled fund worth Tk 18,253 crore are yet to be recovered.
15 August 2020, 18:00 PM
Should Bangladesh Bank scale up its gold holdings?
Gold. The precious yellow metal that is universally considered a haven when things go wild and the certainty of everything is questioned -- as in the times we are in.
13 August 2020, 18:00 PM
Appetite for loan rescheduling shrinks dramatically
Loan rescheduling in the banking sector declined to a great extent in the first quarter, a curious development given that defaulted loans also dropped.
10 August 2020, 18:00 PM
NRBs can now park their funds in FDR, DPS
Non-resident Bangladeshis (NRBs) can now keep their funds in the form of Fixed Deposit Receipts (FDR) and Deposit Plus Schemes (DPS) with local lenders following a central bank directive yesterday.
9 August 2020, 18:00 PM
Govt rallying behind off-colour Navana Group
A silver lining seems to have appeared in front of Navana Group at last.
8 August 2020, 18:00 PM
The question hounding banks: how to solve a conundrum like SME loan?
In 2001, with a vision to provide banking solutions to the ‘unbanked’ small and medium entrepreneurs, Brac Bank began its journey.
6 August 2020, 18:00 PM
Export makes a stunning rally in July
July, it seems, will go down the annals as the month in which the Bangladesh economy lifted the pall of gloom brought on by the global coronavirus pandemic.
4 August 2020, 18:00 PM
Breaking records, remittance continues to beat all odds
The foreign currency reserve and inflow of remittances hit new record in the country in July despite the economic fallout triggered by the pandemic.
3 August 2020, 14:05 PM
BB throws kitchen sink at downturn with its latest monetary policy
The central bank yesterday took an expansionary monetary policy by way of cutting the interest rate on its tools with the view to making funds cheaper for both banks and businesses.
29 July 2020, 18:00 PM
Banks are slowly seeing back the cash withdrawn in panic in March
Back in March, when the country was gripped by the fear of the novel coronavirus, people were streaming to banks to take out money from their accounts, in what was viewed as a puzzling occurrence.
26 July 2020, 18:00 PM
Exporters get yet another shot in the arm from govt
The government yesterday gave yet another stimulus package worth Tk 3,000 crore for the export-oriented industries to help them provide wages and salaries to their workers for July.
23 July 2020, 18:00 PM
BB announces credit guarantee scheme for small enterprises
The central bank yesterday decided to introduce a credit guarantee scheme for the micro and small enterprises, the first of its kind in the country, giving a much-needed lifeline to the SME sector struggling to stay afloat.
23 July 2020, 18:00 PM
Banks just not getting worked up by farm loans
Banks are reluctant to disburse farm loans despite the government’s renewed emphasis on keeping crop production unscathed from the devastating impact of the coronavirus pandemic and stimulus packages, deflating the state’s efforts towards an economic bounce.
22 July 2020, 18:00 PM
The future of lending is here. And it is thanks to City Bank and bKash.
City Bank and bKash are possibly on to revolutionising the lending landscape in Bangladesh after the two yesterday announced rolling out digital lending on a pilot basis.
21 July 2020, 18:00 PM