Forex market liquidity rising for US dollar inflow
Liquidity in the foreign exchange market is increasing due to a rise in the inflow of US dollars, riding on growing remittance, export earnings and currency swap deals.
18 March 2024, 00:29 AM
Forex market liquidity rising for US dollar inflow
Liquidity in the foreign exchange market is increasing due to a rise in the inflow of US dollars, riding on growing remittance, export earnings and currency swap deals
17 March 2024, 15:26 PM
Can mergers heal banking sector’s wounds?
The news that Shariah-based Exim Bank is going to merge with troubled commercial lender Padma Bank has taken the financial sector of Bangladesh by surprise.
17 March 2024, 00:25 AM
Exim Bank to take over troubled Padma Bank
Struggling Padma Bank is set to be taken over by Shariah-based Exim Bank as part of the Bangladesh Bank plan to rein in the runaway defaulted loans to a reasonable level and bring good governance to the banking sector.
14 March 2024, 18:00 PM
Padma Bank to merge with EXIM Bank: official
Padma Bank, which has been struggling with the burden of toxic loans for years, will merge with EXIM Bank. It will be the first bank merger in Bangladesh
14 March 2024, 07:40 AM
BB introduces counter-trade to ease forex pressure
The Bangladesh Bank has unveiled the counter-trade policy, an arrangement that promotes direct exchanges of goods and services without cash, with a view to reducing pressure on dwindling foreign currency reserves.
11 March 2024, 00:19 AM
Nine banks in ‘red zone’
Nine banks, including four state-run ones, have fragile financial health, says a recent report of the Bangladesh Bank.
10 March 2024, 18:00 PM
Nine banks were in BB ‘red zone’
Nine banks, including four state-run ones, were in the “red zone”, meaning their financial health was fragile,
10 March 2024, 11:41 AM
Private credit growth slows for contractionary monetary policy
Private sector credit growth slowed in January this year as the lending rate went up due to the central bank’s contractionary monetary policy, according to experts and analysts.
7 March 2024, 16:03 PM
BB now mulls merger of non-banks
Bangladesh Bank is planning to initiate mergers and acquisitions among weak non-bank financial institutions (NBFIs) if a similar initiative in the banking industry sees success.
6 March 2024, 00:52 AM
BB's repo facility to be weekly, not daily
The scope for banks to avail Bangladesh Bank’s (BB) repo facility is set to narrow as relevant auctions will be held weekly instead of daily from upcoming July.
4 March 2024, 19:00 PM
Currency swap pushes forex reserves above $20b
Bangladesh's foreign currency reserves have gone past the $20-billion mark after nearly a month thanks to the currency swap initiated by the central bank.
23 February 2024, 00:12 AM
A third of NBFIs running without MDs
Twelve non-bank financial institutions (NBFIs) in Bangladesh are running without a regular managing director or chief executive officer and a majority of them have had their top post vacant for more than three months in a clear breach of laws.
22 February 2024, 00:15 AM
Roadmap for banking reforms: Implementation is key
Although the roadmap drawn up to reform the banking industry of Bangladesh may seem attractive on the surface, there are questions regarding its efficacy in ensuring good governance in the scam-hit sector.
18 February 2024, 00:13 AM
Defaulted loans soar 20.7pc in 2023
The banking sector’s defaulted loans soared 20.7 percent to Tk 145,633 crore in 2023 as both governance and accountability continue to get looser.
12 February 2024, 18:00 PM
Bad loan ratio rises to 9% in 2023
The default loan ratio in the banking sector of Bangladesh rose to 9 percent in 2023 from 8.16 percent a year ago
12 February 2024, 11:23 AM
Studying Abroad: Students struggle to open profiles for dollar crisis
For over a year now, thousands of Bangladeshi students wanting to study abroad have encountered obstacles while trying to open bank profiles essential for paying their fees or other expenses like housing and transportation
9 February 2024, 18:00 PM
Nine banks asked to tighten forex vigilance at Dhaka airport
The Bangladesh Bank yesterday instructed nine banks, including four state-run lenders, to transfer officials who have been in charge of their foreign exchange booths at the Hazrat Shahjalal International Airport for more than one year.
9 February 2024, 01:12 AM
Investors flock to risk-free treasury bills for higher returns
Government treasury bills, popularly known as T-bills, have become a lucrative tool to park funds for investors and savers driven by a record spike in yields in recent months.
4 February 2024, 01:41 AM
Islami Bank borrows Tk 1,000cr from Sonali breaching rules
Cash-strapped Islami Bank borrowed Tk 1,000 crore from the state-run Sonali Bank offering interest, in violation of the Bangladesh Bank guidelines for Shariah-based banking.
30 January 2024, 18:00 PM