AKM Zamir Uddin

The Association of Bankers, Bangladesh (ABB) thinks that the latest pay fixed by the central bank for entry-level officials will also bring intangible benefits for banks.

Bangladesh Bank’s efforts to rein in runaway imports through the depreciation of the taka have hardly brought any impacts as the demand for US dollars has kept soaring to feed the economy rebounding from the coronavirus pandemic. 

The Bangladesh Bank should raise the private sector credit target and review other major goals by conducting the mid-term review of the monetary policy statement for 2021-22, said analysts.

National Bank Limited has apologised to Bangladesh Bank for extending unprecedented amounts of credit card loans to its directors and their relatives violating the rules.

Private sector credit growth in Bangladesh accelerated to 10.68 per cent in December rising for the seventh consecutive month as the economy rebounds from the coronavirus pandemic.

A staggering 7,167 bankers lost jobs between April 2020 and September last year as private commercial banks desperately tried to cut operational costs amid a business slowdown brought on by the coronavirus pandemic.

The Bangladesh Bank plans to bar banks from providing financial services through social media platforms as it poses data security risk, a move that may nip the initiative aimed at popularising digital banking in the bud.

Efficiently completing all tasks does not guarantee appreciation from managements as attaining deposit targets is solely prioritised by private banks, which is the case for at least one mid-level official.

A new Bangladesh Bank platform has helped the government settle almost 100 per cent of its payments made to individuals electronically, giving a boost to the country’s financial inclusion efforts.

Mohammad Polash, an owner of a food cart in Mohammadpur’s Town Hall market, opened a micro-merchant account with bKash a month ago.

The Bangladesh Bank has imposed a fine of Tk 21.50 lakh on Southeast Bank after it failed to bring down its excessive investment in a single stock within the regulatory limit.

The Bangladesh Bank is considering to follow the path of a gradual depreciation of the taka against the US dollar in order to protect the interests of exporters and remitters.

Bangladesh Bank yesterday devalued the taka against the US dollar to a large extent in order to tackle pressure stemming from an increase in import payments and give encouragement to remitters.

IFIC Bank is set to sell its more than 40 per cent stake in a Nepalese bank as it no longer sees its business in the Himalayan Kingdom viable.  

Brac Bank is a private commercial lender, but it put the unbanked population and sustainable banking at the heart of its activities from the word go instead of making hefty profits because of its deep conviction that if it can serve the society and clients well, profits will automatically pour in. 

Banks clocked higher operating profit in 2021 mainly due to the Bangladesh Bank’s relaxed policy that allowed them to count income from unrealised instalments of loans.

Al Hossain Chisty, a client of a private commercial bank, tried to talk to the bank’s call centre executives to get some explanation about statement related to his credit card.

Government borrowing from the banking sector has seen a rapid surge this fiscal year mainly due to the lower investment of general people and firms in national savings tools, a development that may crowd out the private sector.

The central bank has asked Islamic Finance and Investment Ltd (IFIL) not to recruit Chowdhury Manzoor Liaquat as its managing director.

Bangladesh Bank has decided to roll out a stimulus package of Tk 500 crore to support people who migrated back to their villages due to the ongoing economic hardship.