Bangladesh Bank (BB)
Half of remittances came thru Islamic banking in Dec
Nearly half of the total remittances in December last year came to Bangladesh through Islamic banking channels, according to the Bangladesh Bank.
Banks asked to find ways to raise forex inflow
The central bank directive came during a meeting between BB Governor Abdur Rouf Talukder and the managing directors of five leading private commercial banks on Sunday.
A cesspool of banking irregularities
Report on NRBC Bank shows how chaotic the banking sector has been
Capital machinery imports on the mend
Capital machinery imports are recovering slowly as concerns over political uncertainty ease and banks show more willingness to facilitate investments amidst increased liquidity in terms of US dollars and stability in the exchange rate. During the July-January period of this fiscal year (FY), LC openings for capital machinery grew three percent year-on-year to $1,557 million, according to Bangladesh Bank data.
Bangladeshi banks’ profitability lowest in South Asia
The profitability of the banking sector in Bangladesh is the lowest in South Asia due to the prevalence of higher non-performing loans, lower efficiency, and an elevated level of costs of funds.
BB now sets criteria for NBFIs’ independent directors
The Bangladesh Bank has issued its first-ever guideline for the appointment of independent directors at non-bank financial institutions (NBFIs) in order to protect the interest of depositors and general shareholders.
Inflation and not so SMART interest rates
The failure to tame inflation not only imposes a steep tax on the poor and the middle class, it also erodes economic competitiveness.
Currency swap between Bangladesh Bank and commercial banks introduced
Bangladesh has decided to introduce currency swaps between the central bank and commercial banks considering the local foreign exchange market dynamics
Financial account’s deficit narrows
The deficit in Bangladesh’s financial account narrowed slightly to $5.39 billion in the July-December half of the current financial year
Half of remittances came thru Islamic banking in Dec
Nearly half of the total remittances in December last year came to Bangladesh through Islamic banking channels, according to the Bangladesh Bank.
Banks asked to find ways to raise forex inflow
The central bank directive came during a meeting between BB Governor Abdur Rouf Talukder and the managing directors of five leading private commercial banks on Sunday.
A cesspool of banking irregularities
Report on NRBC Bank shows how chaotic the banking sector has been
Capital machinery imports on the mend
Capital machinery imports are recovering slowly as concerns over political uncertainty ease and banks show more willingness to facilitate investments amidst increased liquidity in terms of US dollars and stability in the exchange rate. During the July-January period of this fiscal year (FY), LC openings for capital machinery grew three percent year-on-year to $1,557 million, according to Bangladesh Bank data.
Bangladeshi banks’ profitability lowest in South Asia
The profitability of the banking sector in Bangladesh is the lowest in South Asia due to the prevalence of higher non-performing loans, lower efficiency, and an elevated level of costs of funds.
BB now sets criteria for NBFIs’ independent directors
The Bangladesh Bank has issued its first-ever guideline for the appointment of independent directors at non-bank financial institutions (NBFIs) in order to protect the interest of depositors and general shareholders.
Inflation and not so SMART interest rates
The failure to tame inflation not only imposes a steep tax on the poor and the middle class, it also erodes economic competitiveness.
Currency swap between Bangladesh Bank and commercial banks introduced
Bangladesh has decided to introduce currency swaps between the central bank and commercial banks considering the local foreign exchange market dynamics
Financial account’s deficit narrows
The deficit in Bangladesh’s financial account narrowed slightly to $5.39 billion in the July-December half of the current financial year
Banking reform roadmap useless if past failures not understood
Bangladesh Bank’s banking sector reform roadmap of last week will come to no use if the implementation failures of previous roadmaps cannot be understood, said eminent economist Wahiduddin Mahmud yesterday.
