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
SMEs need urgent help too
The central bank should form financial package immediately for small and medium enterprises (SMEs) to tide them over during this period of economic upheaval brought on by the coronavirus outbreak, according to experts.
28 March 2020, 18:00 PM
Only cash in hand can give them comfort
In moments of crisis, holding more physical cash gives some a sense of control over the situation, it is often said.
25 March 2020, 18:00 PM
Taming The coronavirus rampage: BB roused to action
The central bank has started work on facilitating a soft landing to the economic slowdown brought on by the coronavirus pandemic.
21 March 2020, 18:00 PM
Banks, NBFIs embrace work from home as coronavirus fans out
Banks and other financial institutions are doing their part to flatten the curve on coronavirus in Bangladesh by instructing their employees to work from home.
19 March 2020, 18:00 PM
Bangladesh Bank caught napping as country grapples with coronavirus
A good number of banks in the US, Canada and many other countries around the world have temporarily shut their branches or scaled back their retail operations as part of their efforts to flatten the curve on coronavirus.
18 March 2020, 18:00 PM
School banking getting traction
School banking is increasingly getting popular among students as the deposits in their accounts crossed Tk 1,600 crore in 2019.
17 March 2020, 18:00 PM
Banks meet Basel III terms. But things are not as rosy as it seems.
Most of the banks in Bangladesh have implemented the Basel III guidelines within the deadline of 2019.
16 March 2020, 18:00 PM
BB to form €200m fund for green industrialisation
The central bank is set to create a €200 million fund to provide low-cost loans to environment-friendly industrial plants.
15 March 2020, 18:00 PM
Remittance was cruising; COVID-19 popped up and made it swerve
When China sneezes, the world catches a cold, it is often said.
14 March 2020, 18:00 PM
The curious rise of Islamic banking in Bangladesh
Conventional banks have to maintain 18.5 per cent statutory liquidity ratio (SLR) and cash reserve requirement (CRR) of their total clients’ deposits. They must also maintain a maximum 85 per cent loans-deposit ratio.
12 March 2020, 18:00 PM
Silver lining for the banking sector as loan recovery soars in 2019
Pushed into a tight corner banks put up a spirited fight against the mounting default loans last year, as their loan recovery went up 15.46 per cent.
11 March 2020, 18:00 PM
Bangladesh Bank has no plans to quarantine bank notes to check coronavirus spread
South Korea’s central bank started to quarantine all bank notes on March 6 for two weeks to remove any traces of coronavirus and even burn them as part of the government’s efforts to contain the outbreak.
10 March 2020, 18:00 PM
Loan write-offs sink to a five-year low
Loans written-off by banks plunged to a five-year low in 2019 as lenders preferred relaxed rescheduling facility offered by the central bank to clean up their balance sheets.
9 March 2020, 18:00 PM
Banks’ deposit growth contracts in anticipation of interest rate cap
Deposit growth in banks saw a steep decline in January, in a development that can be viewed as the direct impact of the capping of interest rate on savings to 6 per cent.
4 March 2020, 18:00 PM
Dhaka Bank to deliver customer service through WhatsApp
WhatsApp has become a non-negotiable part of the modern life. Which is why banks in many countries have embraced it to deliver their customer service very effectively.
29 February 2020, 18:00 PM
Serial bank scamsters’ days might be numbered
Scamsters’ errant ways might soon be checked given a database the central bank is preparing.
27 February 2020, 18:00 PM
Interest rate cap can blow up in BB’s face
This is not the first time that the central bank has engineered to impose a cap on interest rates on lending. It did something similar back in April 2009, just after Atiur Rahman assumed the role of governor of the banking watchdog.
26 February 2020, 18:00 PM
It’s the actuaries who make the insurance sector sing
MetLife Bangladesh has taken a set of initiatives to popularise the actuarial profession with a view to making the inert insurance sector vibrant, said Andrew D Rallis, global chief actuary of the American insurer.
25 February 2020, 18:00 PM
If banks go bankrupt: Govt mulling Tk 2 lakh coverage for depositors
The finance ministry mulls providing a single depositor a maximum of Tk 2 lakh within six months of a bank’s closure.
24 February 2020, 18:00 PM
Govt’s insatiable appetite for bank funds
Poor revenue collection has forced the government to exceed its annual borrowing limit from banking sources seven and half a months into the fiscal year, creating a probable credit crunch for the private sector.
19 February 2020, 18:00 PM