Bangladesh Bank (BB)
Covid-19 fallout: Central bank’s move to ease financial burden of borrowers
The central bank today directed banks to transfer all interest accrued or to be accrued between April 1 and May 31 this year from all of their loans to an interest-free blocked account.
3 May 2020
Bangladesh Bank to provide half of Tk 20,000cr stimulus package for SMEs
Bangladesh Bank will provide half of the Tk 20,000 crore stimulus package announced by the government for the cottage, micro, small and medium enterprises sector -- to deal with the economic fallout caused by the coronavirus pandemic.
27 April 2020
Banks asked to reopen branches in commercial areas of Dhaka, Ctg
Bangladesh Bank today asked banks to open their branches in Dhaka's Motijheel and Dilkusha areas and Chattogram's Agrabad and Khatungonj areas, and carry out cash transaction-related operations from 10am to 2pm.
23 April 2020
BB extends banking operations nationwide
The Bangladesh Bank decides to extend the banking operation across the country during the ongoing shutdown.
16 April 2020
No interest on credit card bills due April 1: BB
Bangladesh Bank asks lenders not to impose any interest on credit card bills due on April 1, during the coronavirus pandemic.
15 April 2020
Special incentive for bank employees during shutdown
The central bank has asked banks to provide incentive to their employees who are working during the ongoing closure declared by the government in order to contain the spread of coronavirus.
13 April 2020
Bangladesh Bank asks authorities to declare MFS as emergency service
Bangladesh Bank asks concerned authorities to take necessary steps for declaring mobile financial services (MFS) as emergency services amid the ongoing closure following the coronavirus outbreak.
12 April 2020
Bangladesh Bank cuts repurchase rate and reserve ratio to inject liquid cash into economy
The central bank has taken two significant steps to inject liquid cash into the economy amid the impending financial recession due to coronavirus shutdown.
9 April 2020
Nationwide shutdown: Banking hours extended by 1 hour
Transaction hours at all commercial banks are extended by one hour -- up to 1pm – during the ongoing nationwide closure.
2 April 2020
Bangladesh Bank has no plans to quarantine bank notes to check coronavirus spread
South Korea’s central bank started to quarantine all bank notes on March 6 for two weeks to remove any traces of coronavirus and even burn them as part of the government’s efforts to contain the outbreak.
10 March 2020
9% interest rate on loans: HC refuses to hear petition challenging BB decision
A High Court bench refuses to hold hearing on a writ petition that challenged the legality of Bangladesh Bank's decision which instructed the scheduled banks to set a maximum nine percent interest rate on all loans except credit cards.
2 March 2020
BB seeks explanation from Janata MD
Bangladesh Bank has sought explanation from Janata Bank Managing Director Md Abdus Salam Azad for extending loan rescheduling facilities to two companies, including the notorious AnonTex Group, by breaching rules.
9 February 2020
The billion-dollar hit job
The way unknown hackers hatched plans to steal money from the Bangladesh Bank’s reserves with the New York Fed using the most sophisticated banking and payment channels as well their near-perfect preparation and timing will render many detective stories and Hollywood movies average.
3 February 2020
Bangladesh Bank Reserve Heist: Int’l payment system now slower, costlier
It has been four years since a band of hackers broke into this Bangladesh Bank’s account with the New York Fed with the intent to pull off what would have been the biggest cyber heist in history.
3 February 2020
Travellers can now carry up to $10,000
Each traveller can now carry up to $10,000 without declaration while departing or entering Bangladesh.
3 February 2020
Risky loans soaring. BB’s plan? Hide figure.
The central bank is planning to sweep the bulging stressed assets under the rug when it publishes its annual financial stability report in April such that it can paint a rosy picture of the banking sector.
19 January 2020
BB makes easier digital marketing payment
Bangladesh’s e-commerce sector has received a major boost after the central bank opened up an opportunity for them to make payment to social media giants for online marketing.
14 January 2020
BB removes Mercantile Bank director
Bangladesh Bank has removed Md Shahidul Ahsan from Mercantile Bank’s board of directors over his alleged involvement in money laundering.
5 January 2020
Banks bracing for big hit on profits
Banks will have a hard time logging in profits in the coming days because of the latest government decision to fix interest rate for lending at 9 percent and for deposit at 6 percent.
31 December 2019
BB official, 2 daughters die in Sitakunda road crash
A Bangladesh Bank official and his two daughters are killed and his wife and son are injured in a road accident in Chattogram’s Sitakunda upazila.
28 December 2019