The governor added that measures have been taken to increase the central bank’s surveillance on all the banks
Regarding wilful loan defaulters, he said it has been going on for a significant amount of time, but his ministry is now working to drastically reduce the amount of non-performing loans (NPLs)
FBCCI president Shafiul Islam said interest rates on lending could not be reduced to single digits, but there is a tendency to increase the lending rates
The number of agent banking accounts across the country has doubled at the end of 2018 from 2017 as banks are gradually expanding their agent banking activities.
Managing Director and CEO of the recently approved Community Bank Bangladesh Ltd Masihul Huq Chowdhury, speaks about the bank's vision and the challenges it faces as a new bank in Bangladesh's banking sector.
Bangladesh Bank organized a meeting with the managing directors of all the banks, as well as legal experts at its office on Wednesday
“We will arrange special audit for each and every bank. We will start the work with three audit farms. We’ll look into – who have taken the loans . . . we want to bring the banking sector to a position where there will be onl
SWIFT’s comments came after the New York Fed on Friday agreed to provide “technical assistance” to Bangladesh Bank in its lawsuit against RCBC
Bangladesh Bank (BB) today filed a case against Philippine Rizal Commercial Banking Corporation (RCBC) with a New York court to recover the whole money heisted from the central bank’s account with Federal Reserve Bank of New
United Commercial Bank Limited has organized a five-day-long advance-level workshop on Foreign Exchange and Foreign Trade.
The Asian Development Bank (ADB) has approved $50 million loan to promote microenterprise development in Bangladesh through a credit line to Palli Karma Sahayak Foundation (PKSF), a development finance organization, and its p
Mr. Mohammad Ismail; Chairman of the Bangladesh Krishi Bank awarded 3 years extension from the government due to his satisfactory performance
State-owned bank sought the fund from the FID. The division decided to provide the fund after scrutiny
The BB is positive to provide the jute sector with block account facilities for outstanding bank loans for the development of the sector as the government is eager to give special facilities considering the importance of the
The commercial banks are now allowed to hold collaterals on behalf of the on-resident lenders against external loans, availed by the state entities, without prior approval from Bangladesh Bank (BB)
Expressing satisfaction over the Bangladesh economy, Deputy Managing Director of International Monetary Fund Misuhiro Furusawa has said he is anxious about the prevalent loan defaults in the banking sector
Despite the country’s remarkable progress in improving access to water and sanitation, 41 percent of all improved water sources are contaminated with E Coli bacteria which suggest a high prevalence of fecal contamination.
Improper KYC (Know Your Client) by agents is the main reason behind such anonymous transactions, which are triggering such money laundering
The World Bank Group has unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and healthcare
Banks are allowed to maintain both CRR and SLR with the Bangladesh Bank (BB) only for net investment in subordinate bonds instead of the previous gross investment amount