Bangladesh Bank
Bar non-compliant banks from giving new loans
Citing BB data, he said there were 16 banks where the NPL ratio exceeded 10 percent and 9 banks where the NPL ratio exceeded 20 percent as of June 2023.
Bangladesh Bank says ‘reserve heist’ report is fake
It was “absolutely fake” news, Bangladesh Bank spokesman Mezbaul Haque said today.
BB’s major policy shift: What does it mean for you?
All these measures are meant to put the once high-flying economy back on track.
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.
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.
BB’s funds to banks complicate efforts to curb inflation
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.
New monetary policy is appropriate in direction, but inadequate in dosage
Why this behind-the-curve approach to fighting inflation?
GDP growth target down to 6.5%, inflation target up to 7.5%
The BB said Bangladesh's economic outlook remains positive despite the ongoing challenges
BB to adopt crawling peg to curb exchange rate volatility
The peg system would be linked to a carefully selected basket of currencies and operate within a predefined exchange rate corridor
Dipu deserved better than a death-by-disregard
People are killed in the strangest ways in Bangladesh. for which no one is punished.
BB to adopt crawling peg. Can it end exchange rate volatility?
BB's adoption of crawling peg as per IMF prescription will possibly rule out a market-driven exchange rate, as suggested
Time to be tough on scam-hit NBFIs
Authorities must improve monitoring to keep the sector in check
