It will implement the BB’s Tk 3,000 crore Cluster Financing Scheme and the Tk 1,500 crore Financial Sector Fund for the Development of Micro, Small and Medium Enterprises (FSFDMSME) fund

They have also been instructed to provide services such as cash deposits, withdrawals and account opening facilities for traders and customers

New BB rules leave BRAC Bank as the only listed lender effectively eligible

BB rolls out biggest package since Covid to restart closed factories, boost employment

The newly announced Tk 60,000 crore stimulus package by the Bangladesh Bank comes with ambitious goals: reviving closed industries, supporting Cottage, Micro, Small and Medium Enterprises (CMSMEs), expanding agriculture and rural activity, diversifying exports, and creating more than 2.5 million jobs.

BB warns treasury heads as forward bookings surge

BB Governor Md Mostaqur Rahman gave the instruction at a meeting between the central bank and treasury heads of commercial banks

Bangladesh Bank (BB) has introduced a monthly performance review system to strengthen the implementation of the Bangladesh Bank Service Standard, aiming to improve efficiency, accountability, and service delivery across all operational units.

Plagued with a huge amount of non-performing loans (NPLs), capital deficiency, provision shortfall, management inefficiency, and other issues, Bangladesh’s banking sector is indeed in an extremely vulnerable state.

Bangladesh Bank (BB) has instructed banks to introduce digital verification systems for bank statements and other financial documents submitted by customers for visa applications abroad

Banks have been instructed to include the term “e-loan” in the service name and ensure that all stages of lending are conducted digitally

The Bangladesh Bank (BB) has allowed scheduled banks to launch fully digital “e-loan” services of up to Tk 50,000, stepping up efforts to widen financial inclusion and support the transformation towards digital transactions.

The previous deadline was the end of December last year

The Bangladesh Bank (BB) has revised its prudential regulations on consumer financing, raising the ceiling for auto and personal loans and introducing incentives to promote electric and hybrid vehicles.

Loans for conventional vehicles remain capped at Tk 60 lakh

The central bank is likely to introduce a Tk 15,000 crore to Tk 20,000 crore low-cost fund to help revive closed factories in the country.

The Bangladesh Bank (BB) has waived the requirement to maintain provisions against funds of banks and non-bank financial institutions stuck in five merging shariah-based lenders

Bonuses will be allowed only if the institution records an operating profit

The central bank buys $70 million after a one-and-a-half-month break

Nearly a decade after the Bangladesh Bank (BB) reserve heist stunned the world, investigators say they have identified 65 to 70 suspects across seven countries and are now preparing to submit the charge sheet soon.