BB begins forex reporting as per IMF manual
Bangladesh Bank yesterday began publishing foreign currency reserves as per the International Monetary Fund’s BPM6 manual, in a move that will ensure that the country’s dollar stockpile is reported accurately.
13 July 2023, 18:00 PM
A new era dawns in trade with India
Bangladesh, India to begin bilateral trade in rupee from July 11
9 July 2023, 01:00 AM
Higher NPL burden for banking sector
The banking sector is burdened by a high non-performing loan (NPL) and will need to continue measures to beef up supervision and accelerate loan recovery, according to the Bangladesh Bank.
6 July 2023, 18:00 PM
Forex reserve rises past $31b
The country’s foreign exchange reserves rose past $31 billion yesterday after three multilateral lenders provided $925 million to Bangladesh.
26 June 2023, 18:00 PM
Extension of bank directors’ tenure: A huge blow to banking sector
Allowing directors to stay on for 12 years will deal a huge blow to the financial health of banks, which are already facing several crises, including a lack of corporate governance in recent years, say experts.
25 June 2023, 01:00 AM
Tight monetary policy, but is it enough?
On the surface, the monetary policy appears to be tuned to the need of the hour: bring down inflation and conserve reserves. But it comes caving down on careful reading.
19 June 2023, 01:00 AM
Can new monetary policy crush inflation?
The Bangladesh Bank may today raise its key interest rates to tame inflationary pressure but the attempt might go in vain since the monetary authority may not withdraw the interest rate cap on loans in a true sense.
17 June 2023, 18:00 PM
11 banks facing a capital shortfall of Tk 33,575cr
Eleven banks in Bangladesh faced a collective capital shortfall of Tk 33,575 crore in March, up 9.3 per cent from a quarter ago, in a reflection of their worsening financial health caused by persisting irregularities and lack of governance, central bank data showed.
16 June 2023, 02:00 AM
Attempt for Tk 15Cr Loan: MP’s sign ‘forged’
Bangladesh Bank has contacted the Criminal Investigation Department (CID) requesting it to take action against a businessman who allegedly forged the signature of a lawmaker while attempting to secure a loan from a non-bank financial institution (NBFI).
18 December 2021, 18:00 PM
Govt agencies yet to initiate study though deadline ends
Three government entities have failed to carry out a study to find out the amount of illicit financial flow from Bangladesh, where they were siphoned and how as part of the country’s efforts to contain cross-border money laundering.
18 December 2021, 18:00 PM
Economy’s three looming challenges
A persistent higher rate of inflation, the upward trend of the foreign exchange rate and deepening liquidity crunch could pose major challenges to the economy as the government looks to keep up the current economic recovery and accelerate it further.
13 December 2021, 18:00 PM
SMEs still cry for a lifeline
The world of Jannat Sultana Reeta, a fashion boutique entrepreneur in Narayanganj, turned upside down in 2013 when her husband was diagnosed with liver cirrhosis. She had to step up to take the charge of the family as a breadwinner.
9 December 2021, 18:00 PM
Trade deficit swells
Bangladesh’s trade deficit escalated 160 per cent in the first four months of the ongoing fiscal year in the wake of a surge in import payments against lower exports earnings.
8 December 2021, 18:00 PM
Loan write-offs decline as banks lose strength
Loans written off by banks in Bangladesh nosedived as lenders’ ability to keep 100 per cent provisioning against delinquent assets has squeezed amid business slowdown caused by the coronavirus pandemic.
6 December 2021, 18:00 PM
Banks good at granting loan waiver, bad at recovering
Banks in Bangladesh have been generous in waiving loans throughout the pandemic despite their poor record in recouping funds from defaulters.
5 December 2021, 18:00 PM
Poor recovery from default loans new headache for banks
The recovery from default loans has failed to keep pace with escalating delinquent assets in Bangladesh, hitting banks’ income and cash flow.
4 December 2021, 18:00 PM
BB decides not to mop up funds
Bangladesh Bank yesterday decided not to mop up any money from the market as a part of its efforts to ease the ongoing liquidity crunch in the banking sector.
30 November 2021, 18:00 PM
Business revival lifts credit growth to 13-month high
Private sector credit growth in Bangladesh accelerated to 9.44 per cent in October, the highest in 13 months as the economy is running in full swing, shaking off coronavirus fallout.
30 November 2021, 18:00 PM
11 banks weighed down by Tk 27,918cr capital shortfall
Eleven banks faced a capital shortfall of Tk 27,918 crore in September, which exposed their fragile health.
28 November 2021, 18:00 PM
Credit card spending keeps growing as virus recedes
Spending through credit cards maintained an upward trend in September as people kept flocking to online sites in the tourism and hospitality sector as the coronavirus crisis continues to wane.
27 November 2021, 18:00 PM
NBFIs seek deferral of BB rules seeking to restore discipline
Non-bank financial institutions have demanded postponement of the application of a Bangladesh Bank guideline that is seeking to restore credit discipline in the fragile sector.
27 November 2021, 18:00 PM
Banking thru voice
Banking services are set to come even closer to clients in Bangladesh as Bank Asia plans to roll out voice banking, allowing its clients to carry out transactions through conversation.
25 November 2021, 18:00 PM
Fin-tech promises buoyancy in remittance inflow
Remittance flow into Bangladesh will turn around in the long term helped by the rapid expansion of fin-tech-based companies despite the ongoing hiccups facing the key source of foreign currency for the country.
24 November 2021, 18:00 PM
Provision shortfall at banks worsens
The provision base of banks in Bangladesh deteriorated further in the third quarter of 2021 because of an increase in bad loans, highlighting the worsening health of the banking industry.
24 November 2021, 18:00 PM
Bad loans surpass Tk 1 lakh crore again
In an upsetting development, default loans in the banking sector in Bangladesh have surpassed Tk 1 lakh crore after more than one and a half years despite a relaxed loan classification policy adopted by the central bank.
23 November 2021, 18:00 PM
Banks slip into cash crunch as 76pc surplus funds held by a few
The tale of the excess liquidity in Bangladesh’s banking sector does not paint the true picture as the majority of the additional fund is concentrated to a few lenders.
21 November 2021, 18:00 PM
Taka to weaken against dollar:Fitch
Bangladeshi currency taka will face more depreciatory pressures against the US dollar mainly due to imported inflation, according to a report released by Fitch Solutions.
18 November 2021, 18:00 PM
BB seeks explanation from Sonali Bank
Bangladesh Bank has asked Sonali Bank to explain why the state lender should not face a penalty for its overexposure in the capital market.
17 November 2021, 18:00 PM