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
First floating rate T-bond hits market
The government has floated a three-year treasury bond based on the interest rate determined by the market -- a first for the country -- with a view to diversifying the securities market.
26 March 2019, 18:00 PM
Banks' capital base shrinking fast
The banking sector's capital base eroded alarmingly last year on the back of an increase in default loans.
23 March 2019, 18:00 PM
Banks on loan write-off spree
Loans written off by banks surged 20 percent last year as efforts to rein in default loans did not pay off.
21 March 2019, 18:00 PM
Loan rescheduling hits peak
Banks have rescheduled a record amount of default loans last year, fuelling further fears of the sector's health.
20 March 2019, 18:00 PM
Current account deficit still in danger
The current account deficit shrunk about 20 percent in the first seven months of the fiscal year but the gap of $4.33 billion still poses a threat to macroeconomic stability.
16 March 2019, 18:00 PM
Japanese power firm to expand in Bangladesh
Japan's Mitsubishi Hitachi Power Systems (MHPS) plans to expand its footprint in Bangladesh in a bid to grab more market shares.
9 March 2019, 18:00 PM
Peoples Bank hits a snag
The central bank has stalled the process to provide licence to the proposed Peoples Bank following allegation of money laundering
5 March 2019, 18:00 PM
Banks charge importers more for greenback
Banks do not follow the exchange rate they set every day in a deviation that inflicts additional costs on importers and may fuel
4 March 2019, 18:00 PM
14 banks see unusual rise in default loans
Default loans in 14 banks surged abnormally in 2018 -- in a development that will weaken the country's banking sector further.
2 March 2019, 18:00 PM
15 banks in provision shortfall
The number of banks that faced provisioning shortfall rose to 15 last year, the highest in history of the country's banking sector,
27 February 2019, 18:00 PM
Default loans soar 26pc
Default loans at banks went up by a hefty 26.38 percent or Tk 19,608 crore last year, the highest rise in seven years, exposing the precarious condition of the banking sector.
26 February 2019, 18:00 PM
BB to widen reach of digital wallets
The central bank is set to come up with a guideline for electronic money in further proof of its commitment to building a cashless
24 February 2019, 18:00 PM
Rising buyer's credit puts pressure on reserves, exchange rate
Importers' appetite for buyer's credit from overseas sources shot up last year, in an ominous development for the country's foreign
23 February 2019, 18:00 PM
Construction financing soars
The banking sector has bumped up its lending to the construction sector on the back of the government's mega project
16 February 2019, 18:00 PM
DEFAULT LOAN: All talks, no action yet
The finance ministry has taken several moves to bring down the mounting default loans and strengthen the banking sector's corporate governance.
14 February 2019, 18:00 PM
Declining deposits worry banks
Banks are in desperate want for deposits as savers are showing unwillingness to park their funds in the banking system due to negative returns once inflation and tax are taken into consideration.
11 February 2019, 18:00 PM
Trade gap narrows to $7.66bn in Jul-Dec
Trade deficit narrowed 12 percent in the first half of the fiscal year thanks to a rise in exports and a slowdown in imports.
9 February 2019, 18:00 PM
BB moves to amend bankruptcy act
The central bank will hold a meeting today to amend the Bankruptcy Act, 1997 with the view to handing out exemplary punishment to habitual defaulters.
5 February 2019, 18:00 PM
Banks waive Tk 422cr interest in 9 months against default loans
Banks waived interests amounting to Tk 422.14 crore against their bad loans in the first nine months of 2018, as habitual defaulters
4 February 2019, 18:00 PM
BB to guard against inflation in first half
The central bank is set to bring down the private sector credit growth target for the first half of 2019 slightly with a view to containing
29 January 2019, 18:00 PM