Bangladesh Bank (BB)

HC orders probe on BB publication

The High Court yesterday directed the finance secretary to immediately form a probe committee to find out the people responsible for distorting history in a book titled “Bangladesh Bank-er Itihas (History of Bangladesh Bank)”.
2 October 2018, 18:00 PM

Janata now goes for auction

Saddled with Tk 8,300 crore loans to two business groups, most of which have gone bad, Janata Bank has moved to auction property and goods of one -- Crescent Group.
30 September 2018, 18:00 PM

Banks' deposit base expands slightly

Banks' aggressive drive for funds has finally pushed up the deposit growth, easing the cash crunch that has crippled the banking
24 September 2018, 18:00 PM

Seven banks in 'red zone'

The central bank is concerned about seven banks, including three state-run lenders, for their deteriorating financial health stemming largely from rising default loans and declining capital and profits.
22 September 2018, 18:00 PM

Loans for farmers to be cheaper

The central bank has moved to slash the lending rate on farm loans by one percentage point to 8 percent as most banks have cut the
18 September 2018, 18:00 PM

Banks' toxic loans rise 20pc in six months

Banks' nonperforming loans rose by 20.23 percent, or Tk 15,037 crore, in the six months to June this year owing to poor lending
10 September 2018, 18:00 PM

Gold in Bangladesh Bank vault is all right, says MA Mannan

State Minister for Finance and Planning MA Mannan today said the gold in the Bangladesh Bank vaults is "alright".
18 July 2018, 07:38 AM

Bank's shady foreign exchange dealings

The Bangladesh Bank (BB) has found that a state-owned bank is openly skirting rules when it comes to foreign exchange transactions. Several major business houses which have been allowed to open letters of credit (LC) and transfer funds abroad, have not submitted bills of entry, which is a proof of goods entering country.
17 July 2018, 18:00 PM

Nothing serious, just 'error in records'

Bangladesh Bank yesterday refuted the allegation that one of the gold bars kept in its highly secure vault by the customs department was adulterated.
17 July 2018, 18:00 PM

Gold scam in BB vault a sign of govt’s plundering: BNP

BNP Standing Committee Member Khandakar Mosharraf Hossain strongly condemns the government for the reported gold scam in the Bangladesh Bank’s vault saying it is another sign of plundering by the government.
17 July 2018, 14:27 PM

Mistrust over banking sector an ominous sign: BB governor

A slight mistrust has been created among the people over the country’s banking sector in recent time, which is an “ominous sign” for the banks, Bangladesh Bank Governor Fazle Kabir says.
14 July 2018, 13:57 PM

Legality of bitcoin in Bangladesh

Bitcoin is a cryptocurrency invented in 2009 by a software developer allegedly named Satoshi Nakamoto with a goal to create “a new electronic cash system” that was “completely decentralised with no server or central authority.
9 July 2018, 18:00 PM

BB asks all banks to ensure proper use of loans

The Bangladesh Bank asks all scheduled banks to strengthen monitoring of their disbursed loans with a view to ensuring the intended use of funds.
5 June 2018, 15:41 PM

Bangladesh Bank to release new notes from June 3

Bangladesh Bank (BB) is set to release new currency notes for Taka 10, 20, 50 and Taka 100 in the market ahead of Eid-ul-Fitr from June 3.
27 May 2018, 10:33 AM

3-wheelers to be taxed: NBR in pre-budget talks

CNG-driven auto-rickshaws and other engine or battery-driven three-wheelers will be brought under the tax scheme in the upcoming budget, National Board of Revenue (NBR) says.
19 April 2018, 06:32 AM

Online fund transfer to any bank from June

Fund transfer to any Bangladeshi bank account through online banking will become possible from June, in a development that promises to be a great timesaver for bank customers.
18 April 2018, 18:00 PM

Banks now to get cheaper BB funds

Bangladesh Bank has made funds cheaper for all banks by reducing its repo rate by 75 basis points to 6 percent.
3 April 2018, 18:00 PM

Bad loans soared 20pc in 2017

Banks' default loans surged 19.51 percent in 2017, as the Bangladesh Bank's efforts to rein in bad loans are going to vain.
15 March 2018, 18:00 PM

BB move to cheer up stocks as well

The central bank's move to extend the deadline for lowering the banks' loan-deposit ratio will give a boost to the stock market,
21 February 2018, 18:00 PM

BB to sue Rizal bank over heist

Bangladesh Bank has decided to sue the Rizal Commercial Banking Corporation of the Philippines for its role in the cyber heist of $81
7 February 2018, 18:00 PM