Expatriates send $1.78b remittance in 19 days
The strong inflow of remittances has continued into April, with expatriates sending $1.78 billion in the first 19 days of the month...
Tags : Bangladesh bank
BB allows payment against discrepant import bills
The Bangladesh Bank on Sunday allowed banks to make payments against discrepant import bills if the importer accepts the discrepancies on reasonable grounds...
Dollar holdings of banks in Bangladesh top $5 billion in March
The dollar holdings of Bangladesh鈥檚 commercial banks increased for the third consecutive month in March, due mainly to a sharp rise in remittance inflows and export earnings, according to Bangladesh Bank data...
Bangladesh sees fall in local card use, increase in overseas cards in Feb
Spending abroad using Bangladeshi credit cards declined by about 16 per cent in February, while expenditure by foreign credit cardholders in Bangladesh saw an increase, according to the latest report from Bangladesh Bank...
Probe report on BB reserve heist case on May 18
A Dhaka court on Thursday set May 18 as the new deadline for submitting the probe report in the Bangladesh Bank reserve heist case of 2016...
28-day repo scrap driving treasury bill rate hikes
Interest rates on treasury bills and bonds have climbed sharply after the Bangladesh Bank discontinued its 28-day repo facility, tightening liquidity in the banking system and making banks more hesitant to invest in government securities...
Bangladesh Bank data shows remittance narrows payment deficit
Bangladesh鈥檚 current account deficit shrank in July-February of the current financial year due mainly to a sharp increase in remittance inflow, according to Bangladesh Bank data.
Bangladesh Bank says forex reserve crosses $21b
Bangladesh鈥檚 gross foreign exchange reserves, calculated under International Monetary Fund guidelines, crossed $21 billion again, driven by strong remittance inflows and export earnings...
NRBs allowed to open accounts in any currency
Bangladesh Bank on Sunday allowed Non-resident Bangladeshis (NRBs) to open bank accounts in all usable foreign currencies...
鈥業nter-agency taskforce working to recover laundered money鈥�
Bangladesh Bank governor Ahsan H Mansur said that the Bangladesh Financial Intelligence Unit, the central bank and other government organisations were working to bring back laundered money by forming an inter-agency taskforce.
Islamic banks to be merged into 2 banks: Bangladesh Bank governor
Bangladesh Bank governor Ahsan H Mansur on Wednesday聽said that there was a plan to merge Islamic banks to form two large banks...
A sign that authorities should not overlook
A persistent decline in private-sector credit growth is concerning. A sluggish private sector credit growth has a direct negative impact on industrial expansion, new investment and employment opportunities. The private sector credit growth fell to 6.82 per cent in February, hitting its lowest in the past two decades, according to available Bangladesh Bank data. A...
Pvt sector credit growth slumps to 21-year low
The private sector credit growth in Bangladesh fell to 6.82 per cent in February, hitting its lowest in 21 years, according to available data. The Bangladesh Bank data showed that the growth was the lowest since February 2004 when the rate was...
Stricter approach needed for non-performing loan recovery
A DECLINE in the non-performing loans recovery ratio, which is concerning, suggests that the measures taken are not effective and stringent enough. The recovery ratio of non-performing loans dropped significantly in the final quarter of 2024, with the ratio standing at 3.44 per cent, down from 5.12 per cent in the corresponding 2023 quarter, as data of Bangladesh Bank...
BB to set up Tk 900cr fund for startup: Mansur
Bangladesh Bank governor Ahsan H Mansur on Monday said that the central bank had taken an initiative to launch a special fund of about Tk 800 crore to Tk 900 crore to support startup...
Remittance surges to $3.29b in March
Bangladesh witnessed a record-breaking surge in remittance inflow in March, receiving $3.29 billion鈥攖he highest ever in a single month, according to Bangladesh Bank data...
BB rejects IMF鈥檚 call for policy rate cut
The Bangladesh Bank has rejected the International Monetary Fund鈥檚 suggestion to lower the policy interest rate, saying that no such move would be considered until inflation dropped to the targeted level...
Banks disburse Tk 22,125cr in farm loans in 8 months
Banks disbursed Tk 22,125 crore in agricultural loans during July-February period of the 2024-25 financial year, achieving 58 per cent of the total disbursement target for FY25, according to Bangladesh Bank data...
Startups allowed to invest up to $10,000 abroad
The Bangladesh Bank has introduced a new policy allowing local startup companies and individuals to invest up to $10,000 abroad by establishing legal entities...
BB raises transaction limits for MFS users
The Bangladesh Bank on Thursday raised transaction limits for mobile financial services such as bKash, Rocket and Nagad, allowing customers to conduct larger transactions and maintain higher account balances...
BB urged to lift dividend ban on errant banks
The Bangladesh Association of Banks (BAB), a platform representing private bank owners, on Tuesday urged the central bank to allow banks to declare dividends as before, even if they have availed deferral facilities for provisioning against default loans.
BB lifts travel ban on NBFI officials
The Bangladesh Bank on Monday withdrew restrictions on foreign travel for officials of non-bank financial institutions (NBFIs)...
12 banks face provision shortfall of Tk 1 lakh cr
Twelve banks faced a massive provision shortfall of Tk聽1,09,151 crore at the end of December, with state-owned Janata Bank alone accounting for Tk聽27,860 crore, according to Bangladesh Bank data...
Dollar holdings in banks rise to $4.63b in February
The dollar holdings of Bangladesh鈥檚 commercial banks increased in February, supported by a rise in remittance inflows and export earnings, according to Bangladesh Bank data...
Marginalised people鈥檚 bank deposits inch up
Deposits in bank accounts held by marginalised individuals saw a slight increase in December 2024 compared with September, according to Bangladesh Bank鈥檚 quarterly report...
Govt borrowing from banks surges to Tk 86,000cr
The government鈥檚 borrowing from commercial banks doubled in the first eight months of the 2024-25 financial year due to high interest rates and the low-risk nature of treasury instruments...
BB sets 27pc loan target for CMSMEs by 2029
In a policy change, the Bangladesh Bank has set a target for banks and financial institutions to disburse 27 per cent of their total loans to the cottage, micro, small and medium enterprise sector by 2029...
Financial literacy: towards inclusive growth
FINANCIAL literacy day was observed across the country for the third time on March 3 this year. In 2022, Bangladesh Bank issued a circular declaring the first Monday of March as this day to be observed annually. The same circular also introduced the financial literacy guidelines for banks and financial institutions, aimed at strengthening financial inclusion and expanding...
Govt should reduce inequality, improve business climate
A SHARP increase in the number of bank accounts having deposits exceeding Tk 1 crore in the last quarter of 2024 brings a number of issues and concerns to the fore. As Bangladesh Bank data show, the number of such accounts rose by 4,954 in the quarter, reaching 122,081 from 117,127 in September. While the rise indicates the restoration...
Bank deposit growth hits 8pc in January
Deposits in the country鈥檚 banking sector grew by more than 8 per cent in January, marking a rebound after four months of slower growth...