The move comes as Islami Bank faces a severe liquidity crisis, with its current account with the central bank falling into a deficit of around Tk 4,000 crore in the past two weeks amid protests and controversy surrounding Khurshid Alam's appointment

The move comes amid liquidity pressures at the bank following unrest over the appointment of its new chairman last month

Bangladesh Bank (BB) today introduced a Tk 10,000 crore revolving refinance scheme aimed at increasing agricultural production, strengthening food security and creating jobs in rural areas.

Under the scheme, banks and financial institutions will be able to access refinance support at an interest rate of 2 percent and lend to eligible borrowers at a maximum rate of 5 percent

At least three Nagad officials, speaking on condition of anonymity, said the recent termination of the company's head of marketing and a subsequent dispute over the replacement may have prompted the move

The Bangladesh Bank is now reconsidering an application by Meghna Group of Industries to obtain an $80 million loan from the International Finance Corporation for the purchase of four ships, after initially turning it down.

BB spokesperson Arief Hossain Khan made the remark amid widespread criticism and controversy surrounding the appointment of the new chairman of Islami Bank

Bangladesh Bank Executive Director and Spokesperson Arief Hossain Khan told journalists that no banking decision will be determined by street protests, stressing that the central bank will act strictly in accordance with the law and institutional interests, free from any form of pressure or emotion

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.