Bangladesh Bank (BB)
Some much-needed policy changes
Economic reforms should not end here, though
Banks should team up with venture capital firms to fund startups
As tech startups in Bangladesh are deprived of bank loans, the financial sector should team up with venture capital firms to finance such companies, experts said yesterday.
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.
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.
Banking sector distressed by reform failure: key economist
Bangladesh Bank's banking reform roadmap is nothing new, but failures to implement it has distressed the sector, said eminent economist Wahiduddin Mahmud
Banks asked to encourage staff to adopt universal pension scheme
BB has asked banks to take measures in order to encourage their employees to adopt the government’s Universal Pension Scheme
Bangladesh Bank publishes list of firms eligible to audit banks, finance companies
Bangladesh Bank has published a list of 39 firms that are authorised to audit banks and finance companies
Bangladesh Bank unveils monetary policy to tame inflation
The BB maintained a contractionary policy stance in the July-December of 2023-24
Import payments for eight essential items ease ahead of Ramadan
BB allows imports of edible oil, chickpeas, pulse, peas, onion, spices, sugar, and dates on usance terms for up to 90 days
Bancassurance can change how we do insurance
The system of selling insurance services to bank customers will ultimately expand financial inclusion.
Banks to remain closed on January 7 for polls
Banks will remain closed on January 7 to help bankers and other employees of lenders cast their votes
BB asks Islami Bank to explain why it buys dollars at higher rate
The Bangladesh Bank has asked Islami Bank Bangladesh to explain why it is buying US dollars from foreign exchange houses at a rate that is higher than the fixed price.
