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
Historically bad loan situation turns govt creative
The government is homing in on forming a public asset management company (PAMC), a brainchild of Finance Minister AHM Mustafa Kamal, as part of its efforts to redress the financial sector that is fast approaching a losing battle against default loans.
29 January 2020, 18:00 PM
Private sector’s appetite for credit craters
Private sector credit growth dropped to the lowest since 2008 in December last year, in continuation of its downward trend of the previous 21 months.
28 January 2020, 18:00 PM
Bank Deposits: Not more than 6pc interest from Feb 1
The long-promised single-digit interest rate is now seeming more and more likely as the banks yesterday agreed to provide not more than 6 percent for savings from February 1 as part of their preparation to usher in 9 percent lending rate from April.
28 January 2020, 18:00 PM
Finance ministry defines ‘habitual defaulter’, proposes punitive actions
The term habitual defaulter is often thrown around casually, without any proper definition. But the government has now spelt out what habitual default is in a draft act, in what can be viewed as a commendable act by Finance Minister AHM Mustafa Kamal.
27 January 2020, 18:00 PM
IDLC becomes kitchen market vendors’ white knight
Shahinur Parvej, who owns a grocery shop in the capital’s Mirpur area, never thought he would require a loan from any bank or non-banking financial institution (NBFI) to expand his business. However, his stance has now changed.
25 January 2020, 18:00 PM
Risky loans soaring. BB’s plan? Hide figure.
The central bank is planning to sweep the bulging stressed assets under the rug when it publishes its annual financial stability report in April such that it can paint a rosy picture of the banking sector.
19 January 2020, 18:00 PM
BB’s baffling move
The central bank has given the go-ahead to set up a new non-bank financial institution (NBFI) in its last board meeting -- a move that has stumped experts and industry insiders given the poorly state of sector.
13 January 2020, 18:00 PM
Trade deficit tapering off
Trade deficit narrowed 79.51 percent in November to $1.06 billion from the previous month on the back of sliding imports -- a worrying development as it suggests of sluggishness of the economy.
7 January 2020, 18:00 PM
Why is private sector credit growth sinking?
Businesses and bankers often blame political instability for sliding private sector credit growth. But it was calm as the smoothest waters on the political front last year after the polls on December 30, 2018 and yet the slide did not stop.
4 January 2020, 18:00 PM
Banks forfeit Tk 858cr in interest
Interest waiver against bad loans more than doubled to Tk 858 crore in the first nine months of 2019 -- an indication of the desperation of banks to bring down their default loans by any means.
2 January 2020, 18:00 PM
Borrowers jump for joy at 9pc interest
Sadrul Hasan Ripon’s dream of building his own home on a piece of land he purchased in Keraniganj six years ago is set to materialise now thanks to the slash in interest rate to single-digit for borrowing from April 1.
31 December 2019, 18:00 PM
Depositors up in arms over 6pc interest
Anxiety gripped Ahmed Kabir the instant he learnt from the morning paper yesterday that the government has decided to fix a uniform interest rate for all types of deposits from April 1.
31 December 2019, 18:00 PM
Loan write-offs rocket
Loans written off by banks escalated 42.66 percent year-on-year to Tk 1,640 crore in the first nine months of the year as lenders, awash with default loans, endeavoured to clean up their balance sheets.
28 December 2019, 18:00 PM
Loan rescheduling hits new high
Banks rescheduled a record amount of defaulted loans in the first nine months of 2019 as part of their efforts to contain bad debt and manage hefty profit, albeit artificially.
25 December 2019, 18:00 PM
GPS, GIS technologies to govern farm loans
Banks will give out farm loans based on satellite data so that farmers get credit without any hassle and cultivate crops in the appropriate land and atmosphere.
17 December 2019, 18:00 PM
Single Digit Interest Rate: Make govt deposits interest-free
It has always been the law of supply and demand that determined the interest rate at which one can borrow.
11 December 2019, 18:00 PM
Trade deficit widens
Trade deficit widened slightly in the first four months of the fiscal year when exports fell more than imports, a development that has exposed the sluggishness of the economy.
9 December 2019, 18:00 PM
Govt’s Aggressive Bank Borrowing: Private sector may face credit crunch
The government is going to exceed its annual limit for bank borrowing within the first half of this fiscal year due to poor revenue collection, and this could give a credit crunch for the private sector to deal with.
2 December 2019, 18:00 PM
Non-Bank Financial Institutions: New one revving up, as others limp along
The central bank is set to give licence to a new non-bank financial institution (NBFI) -- a disconcerting move given that at least 10 of them are struggling to return funds to banks and customers upon maturity.
30 November 2019, 18:00 PM
12 banks face provision deficit of Tk 12,000cr
A dozen banks faced a combined provision shortfall of Tk 12,000 crore in the third quarter of 2019 in a sign that exposed their weakness to shield depositors’ funds from financial risks.
28 November 2019, 18:00 PM