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
BB to crack down on habitual defaulters
The central bank has moved to reform the existing acts to clamp down on habitual defaulters, whose tendency to go to courts to stall
28 January 2019, 18:00 PM
Banks blame influential quarter for rising bad loans
Habitual and influential defaulters are the main barriers to bringing down delinquent loans in the state-owned commercial banks, according to the assessment of the lenders.
20 January 2019, 18:00 PM
Govt borrowing shoots up amid sluggish revenue
The government has continued to borrow heavily both from the central bank and lenders to make up the gap in spending and income thanks to its sluggishness of revenue collection.
16 January 2019, 18:00 PM
BB sells $1.22b in 6 months to prop up taka
The central bank has continued to sell dollars to banks to meet their soaring demand thanks to a spike in import payments.
14 January 2019, 18:00 PM
Banks still a man's world
Iffat Jahan Dina landed a well-paying job in a private bank soon after obtaining her Masters degree from Rajshahi University. She dedicated herself to the job, which she found gratifying.
12 January 2019, 18:00 PM
Recovery slow for feeble efforts
Banks have been able to recover less than a fourth of their written off loans in the last 15 years because of half-hearted effort on their
8 January 2019, 18:00 PM
Trade deficit narrows amid rise in exports
Trade deficit narrowed 12 percent in the first five months of the fiscal year thanks to a rise in exports and a slowdown in imports.
7 January 2019, 18:00 PM
Loan rescheduling soars 30pc
Loan rescheduling soared about 30 percent to Tk 10,963 crore in the first nine months of 2018, fuelling further fears for the sector.
3 January 2019, 18:00 PM
Banks post hefty operating profits despite challenges
Private banks reported hefty operating profit in the just concluded year, helped by the much higher interest rate on lending than that on deposits.
1 January 2019, 18:00 PM
Banks' capital rises, but artificially
The banking sector's capital base strengthened in the third quarter of the year as state-run Sonali Bank got a shot in the arm from the central bank as it exercised its 'regulatory forbearance' right.
27 December 2018, 18:00 PM
Sonali proposes company to buy defaulters' assets
Sonali Bank's failure to sell the mortgaged assets of Hall-Mark Group despite 60 attempts in five years has prompted the state-run
24 December 2018, 18:00 PM
Farmers Bank to take new name amid image crisis
Farmers Bank is set to be renamed Padma Bank as the troubled bank looks to sweep the gross irregularities and loan scams under the carpet and get an image makeover.
23 December 2018, 18:00 PM
Banks turn to BB amid sudden demand for cash
Commercial banks have suddenly started borrowing from the central bank to manage the growing cash withdrawal pressure ahead of the national election scheduled for December 30.
20 December 2018, 18:00 PM
Import growth moderate
Bangladesh's import maintained moderate growth of 9 percent between July and October in the current fiscal year, giving some respite to balance of payments which was under pressure.
17 December 2018, 18:00 PM
LARGE LOAN RESTRUCTURING: FAVOUR PROVES FUTILE
On January 29, 2015, the Bangladesh Bank issued a new large loan restructuring policy to stand by big borrowers in trouble.
16 December 2018, 18:00 PM
Trade deficit narrows in Jul-Oct
Trade deficit narrowed slightly in the first four months in the current fiscal year on the back of rising export earnings against moderate import payments.
13 December 2018, 18:00 PM
12 banks face provision shortfall of Tk 10,834cr
Twelve banks altogether faced provisioning shortfall of Tk 10,834 crore in the third quarter the year, creating a risk of moral hazard
10 December 2018, 18:00 PM
Sonali in a fix
The Sonali Bank has floated tenders 60 times between 2013 and 2017 to sell the mortgaged assets of Hall-Mark Group but got no buyers, and the lender is now worried about recovering nearly Tk 3,000 crore from the scamster.
6 December 2018, 18:00 PM
Default loans at all-time high
Banks' non-performing loans hit nearly Tk 1 lakh crore at the end of September -- the largest yet in Bangladesh's 48-year-history.
5 December 2018, 18:00 PM
New policy to shield farmers
The central bank has taken an initiative to draw up a policy to shield farmers from high-cost farm loans disbursed by microfinance
3 December 2018, 18:00 PM