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
Private sector credit growth picks up in May -- on paper
Private sector credit data appears to have gone against the grain in May.
27 June 2020, 18:00 PM
BB relaxes rules of stimulus loans for large borrowers
The central bank yesterday relaxed the rules of the Tk 30,000 crore stimulus package for large corporate entities in the industrial and service sectors as it allowed banks to disburse loans to the pandemic-hit borrowers in phases.
25 June 2020, 18:00 PM
Taka gains on falling imports, rising remittances
The local currency has started appreciating suddenly due to a massive fall in import payments and rise in remittances in recent weeks.
24 June 2020, 18:00 PM
Credit cards use depressing as pandemic rules the roost
A good number of nations have cancelled international flights partially or entirely since February in order to tackle the spread of the novel coronavirus.
23 June 2020, 18:00 PM
75 firms get BB nod to borrow funds from stimulus package
Seventy-five companies, including some large groups, have secured approval from the central bank to receive low-cost loans under the stimulus package dedicated to big borrowers in the industrial and service sector.
22 June 2020, 18:00 PM
BB cuts cash reserve ratio for non-banks
The central bank yesterday cut the cash reserve ratio (CRR) for non-bank financial institutions (NBFIs) in order to help the cash-strapped entities tackle the ongoing economic fallout brought on by the coronavirus pandemic.
21 June 2020, 18:00 PM
Source tax a fresh blow to bond market: bankers
The country’s feeble bond market is going to face a major blow as the government plans to impose a 5 per cent source tax on profits of investments in treasury bills and bonds.
21 June 2020, 18:00 PM
Sales of savings tools nosedive
Net investment in national savings certificates (NSCs) dropped sharply in the first nine months of the current fiscal year – an indication that can be viewed as a possible roadblock for the government to manage its bulging deficit smoothly.
20 June 2020, 18:00 PM
No lessons learnt from recessions
The previous global financial recessions gave a lesson that any economic fallout can be tackled smoothly if the health of banks is protected from the crisis.
11 June 2020, 18:00 PM
Newly Printed Money: There’ll be crisis if not used properly
A good number of central banks across the globe have started printing money to get a turnaround from the ongoing financial recession.
11 June 2020, 18:00 PM
Trade deficit widens amid economic fallout
The economic fallout brought on by the ongoing coronavirus pandemic has had an adverse impact on the country’s balance of payments as both trade gap and deficit in the current account widened remarkably in April.
8 June 2020, 18:00 PM
Banks call for measures in budget to lessen their load
Banks have urged the government to take a series of measures in the upcoming budget to protect the banking sector from the ongoing financial meltdown.
7 June 2020, 18:00 PM
Businesses should use funds from stimulus packages properly
Businesses should use the funds from the stimulus packages properly to make a turnaround from the ongoing economic fallout, or else they will collapse into a bad state of affairs, said a top banker.
6 June 2020, 18:00 PM
Economy to blast off again from Oct: IMF
There appears to be glimmer of light at the end of the tunnel after the International Monetary Fund yesterday projected that the Bangladesh economy would pick up from the second quarter of next fiscal year from the coronavirus-induced downturn.
4 June 2020, 18:00 PM
The banking sector needs all the help it can get now
Both the government and the central bank should take special care of the banking sector during the ongoing economic fallout given it as the heart of the economy, said Selim RF Hussain, managing director of Brac Bank.
3 June 2020, 18:00 PM
Credit growth plunges to 12-year low
As more and more economic data trickle in of the past few months, we are getting a more accurate barometer of the sweeping pall of pessimism that has enshrouded the economy.
2 June 2020, 18:00 PM
Now non-bank entities can set up ATMs
In a ground-breaking move, the central bank yesterday allowed non-bank entities to install automated teller machines and point-of-sale terminals across the country as part of its efforts to promote card-based transactions.
1 June 2020, 18:00 PM
Balance of payment shrinks with pandemic
The major economic indicators of the country’s balance of payments (BoP) shrivelled in the first nine months of the fiscal year on the back of the economic fallout from the global coronavirus pandemic.
1 June 2020, 18:00 PM
Even Eid failed to haul up remittance in May
Remittance inflows dropped off 14 per cent year-on-year to $1.50 billion in May on the back of the global coronavirus pandemic, in a departure from historic trends that saw money sent by Bangladeshi migrant workers go up ahead of Eid-ul-Fitr.
1 June 2020, 18:00 PM
Up to Tk 20 lakh in interest rebate likely
An individual borrower may get a maximum rebate of Tk 20 lakh from their total loan interest for the period of April and May, said a central bank official -- in what can be viewed as a stroke of good news for large borrowers.
31 May 2020, 18:00 PM