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 keeps on injecting dollar into market
Bangladesh Bank has continued its practice of injecting dollars into the market this fiscal year to cool down exchange rate volatility, with $62 million being pumped in just the first 17 days of the month.
19 July 2018, 18:00 PM
Farmers can apply for loans online
Farmers will be able to get farm loans by filling in an online application through the Union Information and Service Centre, as part of
17 July 2018, 18:00 PM
Current account deficit set to cross record $10b
Bangladesh's current account deficit is set to cross the $10 billion mark for the first time in history as the country's capacity to export continues to lag behind its appetite for imports.
16 July 2018, 18:00 PM
Farmers Bank fails to pay import bills
Farmers Bank is now under pressure to settle its overdue payments for import, with a number of foreign missions dangling the threat of blacklisting the troubled lender if it does not pay back immediately.
14 July 2018, 18:00 PM
ICB's investment capacity raised
The central bank will not consider the Investment Corporation of Bangladesh (ICB) as a single party borrower of banks in a bid to increase the financial institution's capacity to invest in the capital market.
11 July 2018, 18:00 PM
Private credit growth continues to fly low
Private sector credit growth continued its downward course in May after many banks sincerely adopted a 'go slow' policy in disbursing fresh loans.
7 July 2018, 18:00 PM
Interest Rate Cap: New headache for pvt banks
Most of the private banks are in trouble due to their recent decision to cap interest rate on deposits at 6 percent as the state-run organisations and corporate groups are unwilling to keep funds with them at such a low rate.
6 July 2018, 18:00 PM
Rohingyas can open bank accounts to receive aid
Rohingya refugees will soon be able to open bank accounts after the Bangladesh Bank has come up with a system to enable the displaced community to receive financial support from the government and global agencies through a proper channel.
1 July 2018, 18:00 PM
Banks' operating profits soar despite challenges
Most of the private banks registered higher operating profits in the first half of the year in spite of a number of challenges, including liquidity crisis and interest rate hike.
1 July 2018, 18:00 PM
18 banks breach rules on credit card interest
The Bangladesh Bank has accused 18 banks of charging higher interest rate on credit cards in violation of the rules.
28 June 2018, 18:00 PM
Default loans pile up in new banks
Default loans at nine new private banks more than trebled to Tk 1,761 crore in the first quarter of 2018 from the same period a year ago mainly because of illicit lending practices, according to Bangladesh Bank data.
24 June 2018, 18:00 PM
10 banks face capital shortfall of Tk 23,363cr
Seven state-run banks have failed to meet the minimum capital requirement, meaning they need further taxpayer-funded
23 June 2018, 18:00 PM
State banks sit with most default loans
Eight state-run banks accounted for more than half of the Tk 88,589 crore default loans in the banking sector at the end of the first quarter of 2018 as their unbridled indiscipline continues to weigh down the entire industry.
14 June 2018, 18:00 PM
Forex market still volatile
Bangladesh Bank has failed to cool down the volatility in the foreign exchange market despite an injection of more than $2.30 billion so far in fiscal 2017-18.
13 June 2018, 18:54 PM
Current account deficit continues to break record
Bangladesh's current account deficit surpassed $8.51 billion for the first time in history at the end of April as the country's capacity to
12 June 2018, 18:00 PM
12 banks face provision deficit of Tk 10,596cr
Twelve banks faced a provisioning shortfall of Tk 10,596 crore in the first three months of the year, a development that will compel banks to hike their interest rate on lending to ensure net profits.
4 June 2018, 18:00 PM
Default loans soar 19.23pc
Some Tk 14,286 crore of loans defaulted in the first three months of the year, punching banks further into a corner in their uphill fight
3 June 2018, 18:00 PM
Banks call for more dollars from BB
Banks yesterday urged the central bank to inject more greenbacks into the market to address the shortage of the currency, brought on
31 May 2018, 18:00 PM
BB steps in to arrest rising interest rate
The Bangladesh Bank yesterday took a number of initiatives to rein in the rising interest rate that is creating unwanted pressure on
30 May 2018, 18:00 PM
Telcos may be allowed in MFS
Mobile operators may be allowed to hold a maximum of 49 percent shares in companies that run mobile financial services, in what can
29 May 2018, 18:00 PM