Dhaka May 3, 2024, 3:27 am
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
The Bangladesh Bank (BB) sold $45 million to different commercial banks in the week to meet the growing demand for the greenback in the foreign exchange (forex) market
The government removed Manik Chandra Dey, an additional secretary at the Financial Institutions Division, and Abdul Haque, a former executive director at the Bangladesh Bank from the state-owned bank's board of directors on W
The World Bank (WB) has approved $515 million US dollar for three projects in Bangladesh to improve coastal and marine fisheries, forest management, and rural roads
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) is the global provider of secure financial messaging services which most of the banks across the world use to carry out financial transactions
The findings were revealed at a roundtable discussion on 'Costs for Compliance with Regulations in Banks' organised by Bangladesh Institute of Bank Management (BIBM) held in the city.
Experts noted that 93 per cent of the total Tk 2,370.39 billion loan, disbursed as green finance between 2013 and 2017, has been loaned under the category of indirect green finance
The decomposition of headline inflation shows that of the 5.78 per cent inflation in June 2018, almost three-fourths of the increase (4.30 per cent) came from food inflation and the rest (1.48 per cent) from non-food inflatio
if any issue beyond the agenda is placed before the banks' board meetings, all the board members may not be pre-informed about it. As a result, directors may not give their opinions after properly examining various aspects of
