Bangladesh Bank (BB)

Financial account’s deficit narrows 

The deficit in Bangladesh’s financial account narrowed slightly to $5.39 billion in the July-December half of the current financial year
12 February 2024, 10:34 AM

Banking reform roadmap useless if past failures not understood

Bangladesh Bank’s banking sector reform roadmap of last week will come to no use if the implementation failures of previous roadmaps cannot be understood, said eminent economist Wahiduddin Mahmud yesterday.
10 February 2024, 19:47 PM

Banking sector distressed by reform failure: key economist

Bangladesh Bank's banking reform roadmap is nothing new, but failures to implement it has distressed the sector, said eminent economist Wahiduddin Mahmud
10 February 2024, 09:37 AM

Banks asked to encourage staff to adopt universal pension scheme 

BB has asked banks to take measures in order to encourage their employees to adopt the government’s Universal Pension Scheme
8 February 2024, 10:52 AM

Bangladesh Bank publishes list of firms eligible to audit banks, finance companies

Bangladesh Bank has published a list of 39 firms that are authorised to audit banks and finance companies
6 February 2024, 08:25 AM

Bangladesh Bank unveils monetary policy to tame inflation

The BB maintained a contractionary policy stance in the July-December of 2023-24
17 January 2024, 08:29 AM

Import payments for eight essential items ease ahead of Ramadan

BB allows imports of edible oil, chickpeas, pulse, peas, onion, spices, sugar, and dates on usance terms for up to 90 days
11 January 2024, 08:45 AM

Bancassurance can change how we do insurance

The system of selling insurance services to bank customers will ultimately expand financial inclusion.
2 January 2024, 03:00 AM

Banks to remain closed on January 7 for polls

Banks will remain closed on January 7 to help bankers and other employees of lenders cast their votes
31 December 2023, 10:50 AM

BB asks Islami Bank to explain why it buys dollars at higher rate

The Bangladesh Bank has asked Islami Bank Bangladesh to explain why it is buying US dollars from foreign exchange houses at a rate that is higher than the fixed price.
27 December 2023, 01:04 AM

Importers seek wider access to loans as currency slides

The devaluation of the taka has squeezed the import capacity of industries, particularly essential commodity importers and exporters
25 December 2023, 00:25 AM

Taka depreciation expected to continue amid financial outflows

The taka is expected to depreciate further against the US dollar due to huge outflows, says BB
20 December 2023, 18:00 PM

Prompt Corrective Action Framework: a bold move

In a groundbreaking move, BB introduced the prompt corrective action (PCA) framework on December 5 to ensure stability in our commercial banks
19 December 2023, 18:00 PM

Bancassurance for financial inclusivity

The government's move to approve bancassurance is an opportunity to make insurance more accessible, trustworthy, and understandable.
15 December 2023, 02:35 AM

BB eases rules on encashment

The Bangladesh Bank (BB) yesterday relaxed rules regarding encashment of export proceeds in the local currency, taka, in order to encourage exporters to bring receipts.
1 November 2023, 01:52 AM

BB fixes forward forex rate for first time

For the first time, the Bangladesh Bank has decided to determine the rate of foreign exchange, namely the US dollar, to be delivered in future, widely known as forward contract -- a move that has created mixed reactions among businesses.
25 September 2023, 18:00 PM

BB-BSEC discord clouds NBFI governance

Non-bank financial institutions (NBFIs) have remained comparatively less regulated owing to a major gap between the Bangladesh Bank and the Bangladesh Securities and Exchange Commission (BSEC) on some provisions relating to corporate governance, according to analysts.
13 September 2023, 18:00 PM

Rules relaxed for hiring ex-bankers as directors

Bangladesh Bank (BB) yesterday relaxed rules for banks regarding appointment of former bankers as directors of the lenders, according to a circular.
3 September 2023, 18:00 PM

Don’t fall for quick fixes in bank sector

Relaxing loan repayment is unlikely to work if habitual defaulters continue to be tolerated
21 June 2023, 12:10 PM

Bangladesh’s Monetary Policies: A poor dose of the right medicine

Bangladesh Bank has missed the train by caving in to the pressure of the finance ministry, which dictates policymaking at the central bank being driven by short-term political interests.
17 January 2023, 16:00 PM