Punish wilful defaulters before banks’ health further deteriorates

The Bangladesh Bank has unveiled the counter-trade policy, an arrangement that promotes direct exchanges of goods and services without cash, with a view to reducing pressure on dwindling foreign currency reserves.

Nine banks, including four state-run ones, have fragile financial health, says a recent report of the Bangladesh Bank.

The FX Dashboard will help promote paperless transactions

Offshore banking units have been relieved from maintaining cash reserve ratio

Khurshid Alam and Habibur Rahman have been appointed on contractual basis for three years

In February 2019, the central bank lowered the timeframe to three years from five years. And what has that achieved?

The Bangladesh Bank yesterday further relaxed its loan write-off policy as part of its roadmap to “artificially” reduce the higher volume of bad loans in the banking sector.

The minimum age of a director will be 30. Previously, there was no such limit. 

The Bangladesh Bank yesterday unveiled its roadmap for reining in the runaway defaulted loans to a reasonable level and bringing in good governance to the banking sector, which is progressively becoming an Achilles heel of the economy.

The Bangladesh Bank (BB) is going to bring reforms to the banking sector after getting the go-ahead from the new government, and the banking regulator asked senior executives to prepare for those reforms at a meeting yesterday.

The Bangladesh Bank is injecting fresh funds into the economy despite adopting a contractionary monetary policy, a contradictory move that may make it harder to tame stubborn inflation.

Why this behind-the-curve approach to fighting inflation?

The BB said Bangladesh's economic outlook remains positive despite the ongoing challenges

The peg system would be linked to a carefully selected basket of currencies and operate within a predefined exchange rate corridor

People are killed in the strangest ways in Bangladesh. for which no one is punished.

BB's adoption of crawling peg as per IMF prescription will possibly rule out a market-driven exchange rate, as suggested

Authorities must improve monitoring to keep the sector in check

National Bank’s plight is the result of poor banking governance

Former DU Prof Syed Ferhat Anwar is the new National Bank chairman