Banking sector’s ills: Now what as BB hits the nail on the head?
For the first time, the central bank has published full-fledged data on stressed assets of banks, laying bare the sector’s deep ills that have been a subject in the public discourse for long as irregularities and scams often make headlines.
16 August 2023, 00:00 AM
Number of weak NBFIs on the rise
Fourteen non-bank financial institutions (NBFIs) out of a total of 35 were in the red zone last year as per the stress test report of the central bank.
15 August 2023, 00:00 AM
Local banks have lowest capital base in South Asia
Banks in Bangladesh were bottom-ranked in 2022 among South Asian lenders when it comes to capital base, owing largely to rising non-performing loans.
13 August 2023, 18:00 PM
Most banks in tight spot amid liquidity crunch
A majority of banks in Bangladesh are facing difficulties in running their day-to-day banking activities owing to a tightening liquidity caused by the dragging foreign currency crisis, slower deposit growth and lacklustre loan recovery.
13 August 2023, 00:00 AM
‘Ignoring cybersecurity will lead to downfall’
Investment in cybersecurity is very much essential and banks which are not investing in their digital operations and cyber security will totally go out of business within the next three or four years, said Selim RF Hussain, chairman of the Association of Bankers, Bangladesh (ABB).
12 August 2023, 18:00 PM
5 Shariah banks fined Tk 281.3cr in six months
Bangladesh Bank slapped five shariah-based banks with fines amounting to Tk 281.3 crore in the first six months of the year for their failure to maintain the minimum levels of cash and liquidity.
10 August 2023, 18:00 PM
Islami Bank tightens lending to mend health
Islami Bank has tightened its lending activities as the embattled bank looks to shore up its financial health by September.
9 August 2023, 18:00 PM
Most MFS operators struggle in a booming market
In 2011 when mobile financial service (MFS) was introduced in Bangladesh, 27 banks took the approval from the central bank as many had correctly predicted an impending boom in mobile banking amid rising usage of cell phones.
8 August 2023, 00:00 AM
External balance goes further downhill
Bangladesh’s external sector continues to be in distress as the overall negative balance widened by 23.5 percent last fiscal year despite the narrowing trade gap and current account deficit.
3 August 2023, 18:00 PM
BB gets down to rolling out Taka Pay card
The Bangladesh Bank has stepped up efforts to roll out a national card this year in order to cut the country’s reliance on international cards and save foreign currencies.
3 August 2023, 00:00 AM
Remittance continues to underwhelm
Migrant workers sent home $1.97 billion in July, down 5.86 percent from a year earlier, in yet another bad tiding for the country’s strained foreign exchange reserves.
1 August 2023, 18:00 PM