He will replace Deputy Governor Zakir Hossain Chowdhury as the government has cancelled Zakir's remaining tenure

Bangladesh Bank (BB) has relaxed a provision of the Bank Company Act, 1991 until June 30, 2027 in favour of defaulter Abdul Monem Sugar Refinery Ltd (AMSRL), allowing it to open import LCs (letters of credit)

Cash incentives will be available for 43 specified export items, with rates ranging from 0.30% to 10%

The order will take effect immediately, according to a central bank circular issued today.

The framework will allow electronic submission, transmission, and verification of trade documents across approved international trade corridors

BB banks on legal reforms, tighter supervision and global standards

Sarwar will take up the post after voluntarily retiring from his current position as executive director

A four-pillar plan aims to bring down NPLs, which stood at over 32 percent in March

The Bangladesh Bank (BB) has lowered its private sector credit growth target to 6.8 percent by the end of December this year, against the backdrop of sluggish demand

July-Dec MPS set to be unveiled today

Interest-free facility will be in force till Dec 31

The one-time facility allows defaulting borrowers to clear bad loans in a single payment without interest

The decision was taken to ensure that borrowing costs remain reasonable for businesses and productive sectors

Emergency support is helping banks repay depositors, he says

In a circular issued on June 24, the central bank said it had recently received complaints from customers regarding difficulties in purchasing savings certificates through banks.

Bangladesh Bank (BB) has allowed banks to disburse certain consumer loans directly to vendors through electronic fund transfers, a move aimed at modernising loan settlement processes and reducing operational risks associated with paper-based transactions

The central bank has allowed foreign embassies and their authorised visa-processing agents in Bangladesh to collect visa fees in taka and remit the money abroad through banks without needing prior regulatory approval for each transaction

When a managing director or chief executive officer of a bank applies to resign, the Bangladesh Bank (BB) is supposed to call them for a hearing before taking a final decision, as per the existing regulations.

Banks have been given the go-ahead to facilitate outward remittances for lease rentals of ships and vessels by shipping companies incorporated in Bangladesh, in a move aimed at strengthening the country's maritime sector

Regulatory forbearance, systemic evergreening of bad debt must end