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
AB Bank must set aside Tk 165cr as provision: BB
Bangladesh Bank has rejected AB Bank's request for keeping provisioning in four phases between 2018 and 2021
10 January 2018, 18:00 PM
Govt's bank borrowing now negative
The government's debt servicing cost is ballooning thanks to its growing leaning towards high-cost savings tools
9 January 2018, 18:00 PM
Dollar rally continues
The US dollar continues to appreciate against the taka although the central bank injected more than $1.11 billion
8 January 2018, 18:00 PM
Troubled banks worry Muhith
Some banks are in serious trouble. A number of sponsors are bankrupting banks, while another group is out to grab power of banks.
6 January 2018, 18:00 PM
Loan write-offs soar
Banks wrote off Tk 452 crore in the three months to June last year, up by over 18 times from Tk 24.76 crore in the previous three months.
2 January 2018, 18:00 PM
Banks' operating profits soar
Most of the private banks' operating profits soared -- ranging between 10 percent and 60 percent -- in the outgoing year on the back
31 December 2017, 18:00 PM
Banks should manage liquidity with caution
Senior bankers and experts suggest Bangladesh's banks be cautious in liquidity management from the start of 2018 as a majority of
30 December 2017, 18:00 PM
Lion's share of SME loans goes to traders
As much as 63 percent of the SME loans disbursed in the first nine months of the year went to the trading sector, neglecting the
28 December 2017, 18:00 PM
Industrial default loans soar 30pc
Defaults in the industrial sector soared 30.31 percent at the end of September as large borrowers who enjoyed restructuring facilities under a special Bangladesh Bank scheme in 2015 failed to repay their loans.
27 December 2017, 18:00 PM
BB rejects Tk 1,439cr compensation demand of BKB, Rakub
The central bank has shot down requests for compensation of Tk 1,439 crore from Bangladesh Krishi Bank and
25 December 2017, 18:00 PM
BB under pressure to allow another new bank
The finance ministry has forwarded yet another proposal for a new bank to the Bangladesh Bank for its vetting -- at a time when the financial health of the nine fourth generation banks is deteriorating.
23 December 2017, 18:00 PM
BB blocks funds of two banks
Bangladesh Bank has frozen Tk 51 crore from ONE Bank's current account with the banking regulator and Tk 25 crore from Premier
19 December 2017, 18:00 PM
AB Bank laundered Tk 165cr to UAE
The AB Bank has allegedly laundered around Tk 165 crore to the United Arab Emirates through two shady organisations in the name of investment, according to a Bangladesh Bank probe report.
17 December 2017, 18:00 PM
Agrani spurns BB, keeps open Canada exchange house
Agrani Bank has kept open a thoroughly loss-making exchange house in Canada for the last one and half years by defying Bangladesh
16 December 2017, 18:00 PM
Farmers Bank: Scam fallout getting worse
The cash-strapped Farmers Bank failed to repay interbank short-term loans of about Tk 700 crore to four banks over the past two months, a development that may further erode depositors' confidence in the scam-hit bank.
13 December 2017, 18:00 PM
Islami Bank lends Tk 315cr bending rules
Islami Bank Bangladesh disbursed loans amounting to Tk 315 crore to Unilliance Textiles violating rules, jeopardising the interests of
12 December 2017, 18:00 PM
Alamgir, Chisty barred from raising shares in Farmers Bank
Bangladesh Bank has shot down requests from former Farmers Bank Chairman Muhiuddin Khan Alamgir and Audit Committee
11 December 2017, 18:00 PM
Import orders hit record high
The value of letters of credit opened in November recorded an all-time high of $16.33 billion riding on huge import orders by
5 December 2017, 18:00 PM
Capital shortfall plagues 9 banks
Nine out of 57 banks have failed to meet minimum capital needs, indicating that they require further recapitalisation through the use
3 December 2017, 18:00 PM
Now BIFC faces liquidity crunch
After Farmers Bank, a non-bank financial institution has failed to pay a depositor's money, a development that erodes depositors' confidence.
29 November 2017, 18:00 PM