Bangladesh Bank (BB)
Banks asked to encourage staff to adopt universal pension scheme
BB has asked banks to take measures in order to encourage their employees to adopt the government’s Universal Pension Scheme
8 February 2024
Bangladesh Bank publishes list of firms eligible to audit banks, finance companies
Bangladesh Bank has published a list of 39 firms that are authorised to audit banks and finance companies
6 February 2024
Bangladesh Bank unveils monetary policy to tame inflation
The BB maintained a contractionary policy stance in the July-December of 2023-24
17 January 2024
Import payments for eight essential items ease ahead of Ramadan
BB allows imports of edible oil, chickpeas, pulse, peas, onion, spices, sugar, and dates on usance terms for up to 90 days
11 January 2024
Bancassurance can change how we do insurance
The system of selling insurance services to bank customers will ultimately expand financial inclusion.
2 January 2024
Banks to remain closed on January 7 for polls
Banks will remain closed on January 7 to help bankers and other employees of lenders cast their votes
31 December 2023
BB asks Islami Bank to explain why it buys dollars at higher rate
The Bangladesh Bank has asked Islami Bank Bangladesh to explain why it is buying US dollars from foreign exchange houses at a rate that is higher than the fixed price.
27 December 2023
Importers seek wider access to loans as currency slides
The devaluation of the taka has squeezed the import capacity of industries, particularly essential commodity importers and exporters
25 December 2023
Taka depreciation expected to continue amid financial outflows
The taka is expected to depreciate further against the US dollar due to huge outflows, says BB
20 December 2023
Prompt Corrective Action Framework: a bold move
In a groundbreaking move, BB introduced the prompt corrective action (PCA) framework on December 5 to ensure stability in our commercial banks
19 December 2023
Bancassurance for financial inclusivity
The government's move to approve bancassurance is an opportunity to make insurance more accessible, trustworthy, and understandable.
15 December 2023
BB eases rules on encashment
The Bangladesh Bank (BB) yesterday relaxed rules regarding encashment of export proceeds in the local currency, taka, in order to encourage exporters to bring receipts.
1 November 2023
BB fixes forward forex rate for first time
For the first time, the Bangladesh Bank has decided to determine the rate of foreign exchange, namely the US dollar, to be delivered in future, widely known as forward contract -- a move that has created mixed reactions among businesses.
25 September 2023
BB-BSEC discord clouds NBFI governance
Non-bank financial institutions (NBFIs) have remained comparatively less regulated owing to a major gap between the Bangladesh Bank and the Bangladesh Securities and Exchange Commission (BSEC) on some provisions relating to corporate governance, according to analysts.
13 September 2023
Rules relaxed for hiring ex-bankers as directors
Bangladesh Bank (BB) yesterday relaxed rules for banks regarding appointment of former bankers as directors of the lenders, according to a circular.
3 September 2023
Don’t fall for quick fixes in bank sector
Relaxing loan repayment is unlikely to work if habitual defaulters continue to be tolerated
21 June 2023
Bangladesh’s Monetary Policies: A poor dose of the right medicine
Bangladesh Bank has missed the train by caving in to the pressure of the finance ministry, which dictates policymaking at the central bank being driven by short-term political interests.
17 January 2023
Feeble monetary policy against challenges
Bangladesh Bank yesterday unveiled a wishy-washy monetary policy for the next six months that will prove to be ineffective in tackling the headwinds passing through the economy.
16 January 2023
Lanka gets 6 more months to repay BB’s $200m
Bangladesh Bank yesterday granted Sri Lanka’s request to be given six more months to repay a $200 million loan due to the prolonging of its economic crisis.
13 January 2023
Islami Bank takes emergency Tk 8,000cr from BB
Islami Bank has started to avail a central bank facility that is only summoned during extraordinary circumstances, as the Shariah-based lender looked to dress up its balance sheet ahead of the year’s end.
2 January 2023