The policy would aim to bring down inflation

However, MDs have to take prior approval of the banking watchdog

The Bangladesh Bank has bypassed its own rules by approving the appointment of Mohammad Shah Alam Sarwar as the strategic adviser of IFIC Bank PLC.

The Bangladesh Bank Officers’ Welfare Council will place their demand to the BB governor

Citing BB data, he said there were 16 banks where the NPL ratio exceeded 10 percent and 9 banks where the NPL ratio exceeded 20 percent as of June 2023.

It was “absolutely fake” news, Bangladesh Bank spokesman Mezbaul Haque said today.

All these measures are meant to put the once high-flying economy back on track.

The Bangladesh Bank today scrapped the SMART formula in order to make interest rates in the banking system fully market-based

The Sikder family has apparently lost its grip on National Bank Ltd as Bangladesh Bank has appointed a new board for the country’s first private bank.

Bangladesh Bank has dissolved the board of directors of National Bank Ltd, just five months after restructuring it.

Money deposited by individuals and institutions with banks, which have decided to go for mergers, will remain completely safe and secure, Bangladesh Bank said in a statement yesterday.

Although banks in the country normally face a liquidity shortage due to cash withdrawals ahead of Eid-ul-Fitr each year, a majority of them have sufficient funds on hand this time around thanks to continuous liquidity support from Bangladesh Bank.

The decision comes as the SMART crossed the double-digit mark and stood at 10.55 percent at the end of March, reflecting the tighter liquidity situation in the financial sector of Bangladesh.

New guideline on supervision charge issued

Any success of its roadmap will depend on its enforcement

Bangladesh Bank yesterday said it would take the initiative for the mergers and acquisition of banks from March 2025 if they fail to do so voluntarily by December this year.

Punish wilful defaulters before banks’ health further deteriorates

The Bangladesh Bank has unveiled the counter-trade policy, an arrangement that promotes direct exchanges of goods and services without cash, with a view to reducing pressure on dwindling foreign currency reserves.

Nine banks, including four state-run ones, have fragile financial health, says a recent report of the Bangladesh Bank.

The FX Dashboard will help promote paperless transactions