Bangladesh Bank
BB abandons SMART to make bank interest rate fully market-based
The Bangladesh Bank today scrapped the SMART formula in order to make interest rates in the banking system fully market-based
Sikder family loses grip on National Bank
The Sikder family has apparently lost its grip on National Bank Ltd as Bangladesh Bank has appointed a new board for the country’s first private bank.
BB dissolves NBL board again
Bangladesh Bank has dissolved the board of directors of National Bank Ltd, just five months after restructuring it.
Deposits safe in banks being merged: BB
Money deposited by individuals and institutions with banks, which have decided to go for mergers, will remain completely safe and secure, Bangladesh Bank said in a statement yesterday.
BB's support helping banks avert pre-Eid liquidity crunch
Although banks in the country normally face a liquidity shortage due to cash withdrawals ahead of Eid-ul-Fitr each year, a majority of them have sufficient funds on hand this time around thanks to continuous liquidity support from Bangladesh Bank.
BB cuts margin for banks as interest rate soars
The decision comes as the SMART crossed the double-digit mark and stood at 10.55 percent at the end of March, reflecting the tighter liquidity situation in the financial sector of Bangladesh.
Banks can't impose any fine on supervision charges: BB
New guideline on supervision charge issued
How tough can Bangladesh Bank be with wilful defaulters?
Any success of its roadmap will depend on its enforcement
BB to step in if banks don’t merge voluntarily by Dec
Bangladesh Bank yesterday said it would take the initiative for the mergers and acquisition of banks from March 2025 if they fail to do so voluntarily by December this year.
BB introduces counter-trade to ease forex pressure
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 in ‘red zone’
Nine banks, including four state-run ones, have fragile financial health, says a recent report of the Bangladesh Bank.
Banks don't need to submit hard copies of export docs: BB
The FX Dashboard will help promote paperless transactions
Banks’ offshore operations to receive a boost
Offshore banking units have been relieved from maintaining cash reserve ratio
Bangladesh Bank gets two new deputy governors
Khurshid Alam and Habibur Rahman have been appointed on contractual basis for three years
Roadmap for banking reforms: Old wine in a new bottle?
In February 2019, the central bank lowered the timeframe to three years from five years. And what has that achieved?
BB relaxes loan write-off policy further
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.
Bangladesh Bank tightens bank director appointment rules
The minimum age of a director will be 30. Previously, there was no such limit.
BB roadmap to knock down bad loans
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.
BB asks banks to prepare for harsh reforms
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.
