Dhaka May 15, 2024, 5:54 am
The Security Printing Corporation Bangladesh Ltd. (SPCBL) printed 1016.80 million currencies and banknotes as of May in FY 2017-18. Some 9653.24 million other security products (OSPs) will also be printed, up by 10.07 per cen
According to a BB document, the loan write-off practice is an internationally accepted normal phenomenon in the banking business
We're are committed to implement the cut in the banks' lending and deposit rates in line with the decision of the Bangladesh Association of Banks (BAB)," the Association of Bankers, Bangladesh (ABB) Chairman Syed Mahbubur Rah
Technical mission of AIIB indicated to finance the US$ 300-million Sylhet-Tamabil four-lane project after holding a meeting with the Roads and Highways Department (RHD) officials last week
The instruction came five days after advising the NBFIs to fix interest rate on deposit at a reasonable level for ensuring stability in the country's financial sector
In February 2016, cybercriminals stole US$101 million from the Bangladesh Bank reserves deposited with the US Federal Reserve Bank. They channelled the money to the bank accounts at RCBC in Manila by placing fraudulent orders
The Association of Banks (BAB) decided to bring down the interest rate on lending to 9% and that on deposits to 6% from the existing levels. The new interest rates will go into effect from July 1
To further expand the scope and impact of its Trade Finance Program (TFP)
According to the circular, branch operations of foreign banks need to share expenses of their head offices against benefits accrued to operations in Bangladesh
Finance Division Secretary Mohammad Muslim Chowdhury will sign the notes which will be issued at Motijheel branch of Bangladesh Bank (BB) on Sunday (tomorrow) and other offices of the central bank later
Ruling party MP Prof Md Ali Ashraf put emphasis on restoring discipline in the banking sector saying that the sector will collapse if steps are not taken immediately. “The Finance Minister must take steps.”
The BCIC recently wrote to the industries ministry seeking extension of the tenure of the counter-guarantees, issued in favour of five state-owned banks (SoBs), by one year to June 30, 2019
The volume of classified loans in the country’s banking system jumped by more than 19 per cent or Tk 142.86 billion in the first quarter (Q1) of 2018 despite the central bank’s close monitoring
The tax rate, now levied on the banks, insurance and financial entities listed with the capital market, has also been proposed to be cut to 37 per cent from 37.5 per cent
BB takes actions against the responsible persons as per the Bank Company Law, 1991
The last banking commission was set up in 2004. Recommendations of such commissions were not fully implemented
Govt should formulate a separate law to give Islamic banking a strong legal coverage. At the same time, Islamic banks in the country should look to introduce more Shariah-compliant bonds like Sukuk for better liquidity manage
The amount of non-performing loans (NPLs) rose to Tk 885.89 billion during the January-March period of this calendar year from Tk 743.03 billion in the preceding quarter
As part of the decentralisation drive, the IDB is planning to establish 11 regional hubs across the world, and Dhaka will be one of them
Banks can increase the lending rate by 0.50 percent each time
