Niranjan joins ICB as MD
Niranjan Chandra Debnath has joined Investment Corporation of Bangladesh as managing director through a notification issued by Financial Institutions Division of the Ministry of Finance, said a press release...
Tags : financial institutions
Govt needs to ensure autonomy, accountability of central bank
THE sorry state of the banking sector, which is crippled by alarmingly high non-performing loans and lingering governance crises, falls largely, if not squarely, on the Bangladesh Bank, which significantly lost its autonomy and suffered debilitating political interference during the authoritarian Awami League regime. A recent report prepared by an 11-member...
FID undermines Bangladesh Bank autonomy
Economists in a latest task force report have blamed poor leadership and the Financial Institutions Division for the erosion of the Bangladesh Bank鈥檚 autonomy.
CPD for closing sick banks, FID
The Centre for Policy Dialogue on Wednesday suggested closing down the private commercial banks which are now under life support and the finance ministry鈥檚 Financial Institutions Division for the division鈥檚 鈥榙ubious鈥� role in the financial sector...
Stringent measures needed to save NBFIs
THE failure of the authorities to take measures to discipline and facilitate the ailing non-bank financial institution sector, crippled by an abnormally high defaulted loans, is unacceptable. More than 70 per cent of non-bank financial institutions are about to collapse. The Bangladesh Bank says that 21 of the 35 institutions have more than 50 per cent...
Over 50pc loans of 21 NBFIs now defaulted
Fifty per cent of the loans issued by 21 non-bank financial institutions (NBFIs) turned non-performing as of September, revealing a dire financial crisis in the sector...
BB raises age limit for NBFI jobs
The Bangladesh Bank has set the maximum age limit for entering jobs at the non-bank financial institutions to 32.
Banks鈥� green financing goes down in July-Sept
Green financing by banks and non-bank financial institutions declined in the July-September quarter amid a severe liquidity crisis and a challenging business environment after the political shift...
Deposits, loans in NBFIs decline
The amount of deposits in the country鈥檚 non-bank financial institutions (NBFIs) dropped by Tk聽68 crore in the July-September period due to a lack of customer trust and confidence in the sector...
BB asks financial institutions to bolster security amid risk of cyber attack
The Bangladesh Bank has asked all banks and non-bank financial institutions to implement rigorous security measures due to an increased risk of cyber attacks.
Matiur becomes Karmasangsthan Bank chair
AFM Matiur Rahman has joined Karmasangsthan Bank as chairman on October 20 for the next three years from the date of joining, said a press release...
33pc of loans in NBFIs turns bad
The amount of defaulted loans in the country鈥檚 non-bank financial institutions was 33 per cent of the sector鈥檚 total loans in June 2024, as the sour loans surged by Tk聽4,760 crore in a year...
Banks asked to submit loan data on monthly basis again
The Bangladesh Bank on Thursday directed banks and non-bank financial institutions to upload borrower loan data on a monthly basis...
Tariquzzaman resigns as BSEC commissioner
ATM Tariquzzaman, a commissioner of the Bangladesh Securities and Exchange Commission, submitted his resignation letter to the secretary of the Financial Institutions Division on Tuesday...
Mofidur tasked with FID secretary鈥檚 routine work
The interim government on Tuesday engaged Md Mofidur Rahman, an additional secretary of the finance division, to look into the daily routine work of the financial institutions division secretary...
Interim govt appoints Abdur Rahman Khan NBR chairman
The government on Wednesday cancelled contractual聽appointment of National Board of Revenue chairman Abu Hena Md Rahmatul聽Muneem...
DSE independent director Abdullah Al Mahmud faces probes
The Financial Institutions Division of the finance ministry on Wednesday instructed the Bangladesh Securities and Exchange Commission and the Dhaka Stock Exchange to form two separate investigation committees to probe insider trading allegations against DSE independent director Abdullah Al Mahmud...
Deposits in NBFIs drop amid confidence crisis
Deposits in the country鈥檚 non-bank financial institutions (NBFIs) dropped by Tk聽525 crore in the January-March period as many customers closed their accounts due to lack of trust and confidence in the sector...
Abu Sayed becomes Sonali Bank DMD
Md Abu Sayed has joined Sonali Bank PLC as deputy managing director, said a press release...
Fayaz becomes Janata Bank DMD
Md Fayaz Alam has joined Janata Bank PLC as deputy managing director recently, said a press release...
Arun becomes Karmasangsthan Bank MD
Arun Kumar Chowdhury has joined Karmasangsthan Bank as managing director as per a notification dated April 9 of the finance ministry鈥檚 Financial Institutions Division, said a press release...