The Bangladesh Bank today ordered banks to set a spread between the buying and selling rate of the US dollar in order to restore stability in the foreign exchange market.

The government today appointed new managing directors (MDs) at three state-run banks – Sonail, Agrani and Rupali.

Non-bank financial institutions in Bangladesh have been allowed to calculate their stock market exposure limit on the basis of the purchasing price of the securities they own instead of their market value.

Around 91 per cent of the small and medium enterprises (SMEs) are still unbanked although the government has allocated fund for revitalising the small entrepreneurs from the Covid-19 shocks.

Defaulted loans in the country’s banking sector hit an all-time of high of Tk 125,257 crore after end of June of this year.

Bangladesh Bank today asked six banks to transfer their treasury heads to human resource departments due to their alleged involvement in destabilising the country’s foreign exchange market.

The Bangladeshi taka has depreciated further against the US dollar, hitting Tk 95 on the interbank platform today.

This is the country’s second social loan principles (SLP)-based financing, the HSBC said in a statement.

Banks can now show their highest limit of capital market exposure on the basis of the stock like instruments’ purchasing price of instead of their market value.

Bangladesh Securities and Exchange Commission (BSEC) is taking steps to launch a new board for start-ups so that they can raise funds from the stock market.

The Bangladesh Bank today slightly tightened its loan rescheduling policy of defaulted loans after facing criticism from different corners.

Bangladesh Bank has suspended licences of five foreign exchange houses and served show-cause notices on 42 for their alleged involvement in the manipulation of US dollar prices in the kerb market.

The stock market regulator today urged the Bangladesh Association of Publicly Listed Companies (BAPLC) to increase their investment in the market.

Banks’ financing to the agriculture sector soared 13 per cent year-on-year to Tk 28,391 crore in the fiscal year 2021-22, exceeding their targets set by Bangladesh Bank.

The Bangladesh Bank today asked banks not to purchase any vehicle in the next one year as part of the government’s efforts to cut import payments to tackle the ongoing forex volatility.

A little-known firm named SB Exim allegedly swindled Tk 200 crore from Bangladesh Commerce Bank Ltd (BCBL) using forged documents in the name of exporting terracotta tiles in 2018. 

The Bangladesh Bank yesterday asked banks to encash the term deposits of exporters’ retention quota (ERQ) balances.

The Bangladesh Bank today asked banks to encash the term deposits of exporters’ retention quota (ERQ) balances.

The exchange rate of the US dollar against the taka today hit a record of Tk 112 in the country’s kerb market.

The Bangladesh Bank today set a target for banks to cut their electricity and energy consumption for the next one year in keeping with the government’s move aimed at saving power amid deepening energy and foreign exchange crises.