Default loans hit 27-month high

The overall default loans stood at Tk 113,441 crore as of March this year, up 19.30 per cent year-on-year and 9.84 per cent up from the three months ago period.
5 June 2022, 13:33 PM

Tk 100cr refinance scheme for digital nano loans launched

Participating banks will be able to disburse loans of Tk 500 to Tk 50,000 to individual customers with up to 9 per cent interest under the scheme.
2 June 2022, 14:27 PM

How much per capita debt does Bangladesh have?

Despite collecting lakhs of crores of taka in revenue, every time the government falls short of fund to finance the whole budget and has to take crores of taka in loan from local and foreign sources.
31 May 2022, 05:59 AM

Convert export proceeds into taka fast: Bangladesh Bank to banks

Bangladesh Bank has asked banks to convert major export earnings of businesses into taka immediately as it looks to increase the supply of US dollars in the economy.
31 May 2022, 05:30 AM

Banks asked to transfer funds to Saudi Arabia for Hajj pilgrims

The Bangladesh Bank yesterday asked banks to take measures to transfer the funds related to the expenditures of aspirant Hajj pilgrims in Saudi Arabia.
30 May 2022, 16:23 PM

Banks asked to convert export proceeds into taka immediately

Bangladesh Bank has asked banks to convert major export earnings of businesses into taka immediately as it looks to increase the supply of US dollars in the economy.
30 May 2022, 16:20 PM

Preserve all loan documents until repayment: Bangladesh Bank to NBFIs

The Bangladesh Bank yesterday directed non-bank financial institutions (NBFIs) to preserve all documents, either physically or digitally, related to loans, leases or investments until the repayment is complete.
30 May 2022, 04:00 AM

Bangladesh Bank raises interest rate

Bangladesh Bank today increased its policy rate by 25 basis points in a major development that is likely to make credit costly and curb inflation.
29 May 2022, 14:00 PM

Taka depreciates again: USD 1 now Tk 89

The Bangladesh Bank today depreciated taka by 1.25 per cent to Tk 89 per US dollar hours after banks suggested depreciating the local currency by Tk 2.
29 May 2022, 12:28 PM

Banks want taka to be devalued by Tk 2

Banks today recommended depreciating the local currency by nearly Tk 2 against the US dollar as they submitted their proposed interbank exchange rates of the taka to the central bank.
29 May 2022, 11:11 AM

Forex market volatility: Banks to suggest uniform exchange rates

The Bangladesh Bank today asked banks to suggest uniform exchange rates of the taka against the US dollar in order to bring back the stability in the country’s foreign exchange market.
26 May 2022, 14:05 PM

Forex volatility: Bangladesh Bank to sit with bankers' group tomorrow

The Bangladesh Bank will sit with the Association of Bankers, Bangladesh (ABB) tomorrow to discuss the ongoing foreign exchange volatility in the country's banking sector.
25 May 2022, 12:40 PM

Docs not needed to send $5,000 remittance and above for incentive

Bangladesh Bank today relaxed the rules related to the 2.5 per cent incentive extended to remitters if they send money home through the official channel.
23 May 2022, 11:25 AM

Taka depreciates again: USD 1 now Tk 87.9

The taka once again depreciated today against the US dollar amid the falling supply of the American greenback due to surging imports.
23 May 2022, 10:17 AM

Lend more to farmers for import substitute crops

Bangladesh Bank yesterday directed banks to increase lending to farmers at 4 per cent interest to encourage cultivation of import substitute crops, namely pulse, oilseeds and maize.
22 May 2022, 18:00 PM

Bank staffers barred from overseas trips

Employees of all banks operating in Bangladesh will not be able to travel abroad from now on as the central bank has stepped up its efforts to stop the foreign currency reserves from sliding further.
22 May 2022, 18:00 PM

Bank employees banned from travelling abroad

Employees of all banks operating in Bangladesh will not be able to travel abroad from now on as the central bank has stepped up its efforts to stop the foreign currency reserves from sliding further. 
22 May 2022, 12:38 PM

Rules relaxed for loans from pre-shipment refinance scheme

The Bangladesh Bank today further relaxed rules for availing loans from its pre-shipment refinance scheme to the tune of Tk 5,000 crore in a bid to help exporters produce their goods smoothly.
18 May 2022, 14:54 PM

No more foreign trip for Bangladesh Bank staff

From now on, Bangladesh Bank officials and employees will not be able to make any kind of foreign trips except for some emergency issues.
18 May 2022, 10:06 AM

Taka sees sharp fall: BDT 87.5 per USD now

The Bangladeshi taka today faced a steep devaluation against the US dollar as the soaring import payments have created an acute shortage of the greenback in the banking sector.
16 May 2022, 11:15 AM