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
Low-cost loans from stimulus packages not going like hot cakes
Four banks have got approval from the central bank to give out Tk 1,044.90 under the stimulus package of Tk 30,000 crore for large industries and service sectors.
31 May 2020, 18:00 PM
No love for NBFIs from BB yet
Five years ago, Siddiqur Rahman, an employee of a private organisation, took a loan worth Tk 50 lakh from a non-bank financial institution to build his dream home.
30 May 2020, 18:00 PM
BB seeks banks’ updated bad loan, provisioning status
The central bank yesterday asked banks to send their figure of defaulted loans and provisioning of the first quarter of this year within tomorrow.
17 May 2020, 18:00 PM
Imports crash in April, as expected
The country’s import decreased 62 per cent year-on-year to $1.95 billion in April as industrial production has almost come to a halt due to the ongoing shutdown to tackle the spread of the coronavirus.
17 May 2020, 18:00 PM
BB driving with its eyes closed amidst the economic tempest
Without data, companies are deaf and blind, it is often taught in business schools.
14 May 2020, 18:00 PM
BB steps in to shore up banks’ financial muscle
The central bank yesterday rolled out long-term special repo, following the lead of the Reserve Bank of India, to help banks, many of which are cash-strapped, prop up their liquidity base such that they can adequately prime the pump during these extraordinary times.
13 May 2020, 18:00 PM
Govt can’t stop borrowing from banks
The government’s borrowing from the banking sector has escalated in recent days on the back of a revenue shortfall due to a collapse in economic activities from the coronavirus-induced protracted shutdown.
12 May 2020, 18:00 PM
BB finally orders banks to suspend dividends to prime the pump
In an undaunted move, the central bank yesterday instructed banks to not give any cash dividend to both sponsors and investors until September to boost their capacity to absorb the strain on their capital base from the ongoing economic dire straits.
11 May 2020, 18:00 PM
Without BB’s urgent fine-tuning, banks would fail to deliver stimulus packages
A goal without a plan is just a wish, said the French writer and pioneering aviator Antoine de Saint-Exupéry.
10 May 2020, 18:00 PM
State banks seek liquidity support amid fund withdrawal by SoEs
State-run lenders yesterday approached both the central bank and the finance ministry to seek liquidity support as government agencies are withdrawing funds rapidly, a development that will handicap them ahead of implementing the government’s massive stimulus packages.
7 May 2020, 18:00 PM
Agent banking can deliver stimulus packages to remotest corners
Agent banking will play a greater role in implementing the stimulus packages unveiled by the government as the outlets have footprints in Bangladesh’s remotest parts where banks have barely set their foot in, bankers and experts said yesterday.
6 May 2020, 18:00 PM
Foreign exchange reserves pulled towards riptide
The country’s foreign exchange reserve will face trouble in the days ahead as both the export earnings and remittance are now maintaining a declining trend due to the ongoing economic fallout from the global coronavirus pandemic.
5 May 2020, 18:00 PM
Delinquent borrowers rush to take advantage of no interest on loans for Apr, May
The country’s banking sector has seen a declining trend of lending in recent days as the majority of businesses have put on hold their expansion plans or trading due to the ongoing economic fallout from the global coronavirus pandemic.
4 May 2020, 18:00 PM
State banks to shoulder the burden of delivering stimulus packages
The government is mulling over leveraging the state-run lenders’ vast branch network to implement a major portion of the stimulus packages.
4 May 2020, 18:00 PM
BB confiscates banks’ interest income for Apr, May
The central bank yesterday directed banks to transfer all interest accrued or to be accrued between April 1 and May 31 this year from all of their loans to an interest-free blocked account, in what can be construed as its boldest move yet amid the pandemic.
3 May 2020, 18:00 PM
Remittance’s depressing descent in 2020
Nazma Begum, a housewife and a mother-of-three, has been fretting the last three months. Her source of worry?
3 May 2020, 18:00 PM
Stimulus all set to unfurl
Government agencies and banks have almost completed their preparations to implement 18 stimulus packages worth Tk 95,619 crore to tackle the economic fallout of the coronavirus pandemic.
2 May 2020, 18:00 PM
Garment workers’ salary disbursement from stimulus package starts from today
Workers of the export-oriented industries can take a sigh of relief as banks would be disbursing their wages from today from the government’s stimulus package of Tk 5,000 crore.
2 May 2020, 18:00 PM
Banks’ new headache? Looming bulk credit card charge-offs.
Credit cards were slowly but surely finding a place in consumers’ hearts in recent years, thanks to a combination of banks’ aggressive push, a growing aspirational middle-class population and increasing awareness of the convenience the payment tool provides.
29 April 2020, 18:00 PM
Adverse weather ahead for banks: Moody’s
The global rating agency Moody’s Investors Service yesterday gave a negative outlook for the country’s banking sector for the next 12 to 18 months as coronavirus-induced disruptions to domestic and export demand is deteriorating lenders’ credit profiles.
28 April 2020, 18:00 PM