BB gives 7 banks Tk 22,000cr in emergency funds

The central bank has extended a total of Tk 22,000 crore in emergency funds to seven beleaguered banks including five Islamic banks to dress up their balance sheet ahead of the year’s end.
31 December 2023, 18:00 PM

National Bank broke rules to reschedule MP aspirant’s loan

National Bank delivered false information into the Bangladesh Bank’s credit information bureau database to hide the default loans of one of its clients, said a Bangladesh Bank letter.
28 December 2023, 18:00 PM

How National Bank went astray

National Bank, the country’s first private sector bank with a prosperous past, became a losing concern due to massive loan irregularities, lack of good governance and conflict among directors.
26 December 2023, 18:00 PM

BB reconstitutes National Bank board

Bangladesh Bank yesterday reconstituted the board of National Bank, in a move that is expected to steady the ship at the country’s first private sector bank beset by financial irregularities.
21 December 2023, 18:00 PM

Forex reserves rise by $1.51 billion in a week

Reserves stood at $20.68 billion on Dec 20
21 December 2023, 12:40 PM

Bangladesh Bank dissolves National Bank board

Former DU Prof Syed Ferhat Anwar is the new National Bank chairman
21 December 2023, 09:46 AM

Central bank rolls out bancassurance guidelines

To be eligible, banks have to show positive net profit for three consecutive years
20 December 2023, 15:16 PM

Post-LDC challenges now a headache for Bangladesh: finance secretary

The govt targets achieving one crore direct taxpayers by 2026, he says
20 December 2023, 14:23 PM

National Bank postpones AGM after Supreme Court order

The National Bank Ltd has postponed its annual general meeting (AGM) for an indefinite period following a status quo order issued by the Supreme Court.
20 December 2023, 08:18 AM

Central bank says it has nothing to do with Bangladesh Bank Sangbad magazine

The use of the BB monogram by the magazine had created confusion among the financial institutions
19 December 2023, 12:11 PM

14 banks face record capital shortfall

Fourteen banks, including six state-run ones, faced a record capital shortfall in the third quarter of 2023, an indication of their fragile financial health caused mainly by a lack of governance. 
18 December 2023, 18:00 PM

BB explains warning to cash-strapped Shariah banks

The central bank yesterday said it asked five cash-strapped Shariah-based banks to adjust the deficit in their current account but did not decide yet that the lenders would be removed from payment platforms. 
17 December 2023, 18:00 PM

5 Islamic banks’ fund deficit: Here’s what Bangladesh Bank says

The Bangladesh Bank has asked five cash-strapped Shariah-based lenders to adjust the deficit in their current account balance by December 26.
17 December 2023, 08:35 AM

5 Islamic banks at risk of being frozen out of transactions

Bangladesh Bank sets December 26 deadline for the banks to adjust current account deficit
14 December 2023, 18:00 PM

Southeast Bank to raise Tk 500 crore thru bonds

Tk 450 crore will be mobilised under private placement, Tk 50 crore through public offer
14 December 2023, 08:49 AM

Bankers cut US dollar rates by Tk 0.25

Banks will buy US dollar at Tk 109.5 from exporters and sell at Tk 110
13 December 2023, 16:49 PM

IMF, ADB loans to boost reserves in Dec: Bangladesh Bank

IMF will give $689 million, ADB $400 million and other sources $220 million
13 December 2023, 11:07 AM

World Bank warns of frauds misusing its name in Bangladesh

The global lender came up with the warning in a statement yesterday in light of recent reports of online loan scams using its name and logo in Bangladesh.
13 December 2023, 09:57 AM

42 top Ctg taxpayers honoured

The port city’s income tax department handed over the best taxpayer awards
12 December 2023, 12:10 PM

Nine building blocks for a future-proof digital bank

To be successful, digital banks must address the needs of these untapped low-moderate-income segments by capturing the alternate sources of data
11 December 2023, 11:16 AM