Bangladesh Bank

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    Banks allowed to defer execution by 3 months

    Staff Correspondent | Updated at 12:10am on June 21, 2019

    Bangladesh Bank on Thursday allowed banks to defer until September 30 the implementation of internal credit risk rating system guidelines and the associated model enacted...

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    Tough measures sought to recover bad loans

    Staff Correspondent | Updated at 12:39am on June 19, 2019

    Lawmakers on Tuesday demanded tough measures to recover defaulted loans to check the growth of undisclosed money as well as the capital flight from the...

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    All steps failed to fix banking fiasco

    HM Murtuza | Updated at 12:07am on June 11, 2019

    Budgetary and other incentives provided for the banking sector in the outgoing fiscal year have failed to improve the financial health of the ailing sector,...

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    Defaulted loans soar to Tk 1.11 lakh crore

    HM Murtuza | Updated at 12:30am on June 11, 2019

    Defaulted loans in the scam-hit banking system skyrocketed to Tk 1,10,873.54 crore in the first quarter of 2019 because of a 31 per cent increase in...

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    Moosa wants to bring €20b in Bangladesh

    HM Murtuza | Updated at 12:25am on May 21, 2019

    Private business firm DATCO chairman Moosa Bin Shamsher, who grabbed the headlines time and gain claiming to be a multi-billionaire, has applied for permission to...

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    FID wants BB to issue relaxed guidelines

    Shakahwat Hossain | Updated at 12:18am on April 28, 2019

    The financial institutions division has sought finance minister’s decision on whether it or the Bangladesh Bank would issue the relaxed new guidelines on the restructuring...

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    Bangladesh Bank may offer bailout to ailing NBFIs

    HM Murtuza | Updated at 12:00am on April 28, 2019

    Bangladesh Bank is likely to formulate a bailout plan for up to eight non-bank financial institutions which have no capacity to return clients’ money.The central...

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    BB gives banks big breaks over defaulted loans

    HM Murtuza | Updated at 12:00am on April 23, 2019

    Bangladesh Bank has relaxed rules regarding defaulted loan classification by extending the time for treating overdue loans as doubtful and bad, giving further breaks to...

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    None to be allowed to take money abroad to open subsidiary co: BB

    Staff Correspondent | Updated at 12:00am on April 19, 2019

    The Bangladesh Bank on Thursday clarified that no local entity will be allowed to take foreign currency aboard to set up subsidiary company.The central bank...

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    CID must submit report early, govt must make reports public

    | Updated at 12:00am on April 19, 2019

    THE Criminal Investigation Department which was investigating the theft of $101 million from the Bangladesh Bank’s account with the Federal Reserve Bank of New York...