FBCCI administrator urges Bangladesh Bank

Six crisis-hit banks are sending their managing directors (MDs) on three-month leave as the central bank commissions forensic audits into the lenders.

The Bangladesh Bank is waiting for the interim government to bring a Payment and Settlement System Act, 2024 into effect, as it intends to take legal action against mobile financial service (MFS) provider Nagad Ltd over alleged irregularities.

The international consulting firm will suggest appropriate remedial measures necessary in public interest

BB issued letters on Dec 19 and the deadline for explanation ends today

The government plans to bring down inflation to 4-5 percent, Bangladesh Bank (BB) Governor Ahsan H Mansur said yesterday.

The Bangladesh Bank (BB) has backtracked on its decision to refrain from injecting fresh funds into crisis-hit banks in its efforts to curb persistent inflation.

They sought removal of Nurun Nahar and Habibur Rahman

Banking rules and regulations stipulate a single borrower exposure limit but the banking regulator itself disregarded the rule routinely in the last 16 years.

The central bank must recognise that the existing CIB laws are outdated and ineffective.

Traditional contractionary policies may not be suitable for Bangladesh’s unique economic structure.

The fee will be Tk 20 for payments of up to Tk 25,000 and Tk 50 for up to Tk 50,000

A good bank ensures quality of loans (assets) by selecting the right borrowers, sanctioning loans to various sectors in different sizes, and keeping collateral.

Deposited money is safe in banks, Husnay Ara Shikha says

The Bangladesh Bank (BB) has decided in principle to withdraw the restrictions on opening letters of credit (LCs) by six crisis-hit banks, according to officials.

Any barrier to exporters’ operations should be removed

The new measure will be effective from November 1 this year

Following the fall of the Awami League government, efforts are underway to explore ways to bring back the stolen wealth.

Interest rate will also be increased, says Bangladesh Bank governor

The Bangladesh Bank yesterday constituted a new board of directors at IFIC Bank after dissolving the previous board, effectively bringing an end to Salman F Rahman’s grip on the private commercial bank.