Md Mehedi Hasan

All of a sudden, on Wednesday afternoon, the BNP-led new government cancelled the contract of Ahsan H Mansur as governor of the Bangladesh Bank and, at the same time, appointed Md Mostaqur Rahman, a businessman from the garment industry, as the new governor.

During the 18 months of the interim government, his reform efforts were widely known

In a stunning development that roiled the financial sector, the government yesterday removed Bangladesh Bank Governor Ahsan H Mansur, replacing him with a corporate accountant who owns a garment company.

The government’s abrupt cancellation of Ahsan H Mansur’s appointment as governor of Bangladesh Bank (BB) yesterday has drawn sharp criticism from stakeholders, including economists and bankers.

MTB approved Hera Sweaters a 10-year repayment facility with a 2-year grace period

Analysts caution that the move sends troubling signals about institutional stability

The dollar crisis has eased. Foreign exchange reserves have improved from the lows seen four years ago. But imported fruits still face a 100 percent cash margin for opening letters of credit (LCs).

Although foreign currency pressures have eased, 100% cash margin requirements keep supply tight and prices high

The Bangladesh Bank (BB) has begun reducing the number of executive director posts -- a senior management position that often leads to top-level contractual government appointments -- in phases, causing dissatisfaction among officials.

Faruk Hasan lies bedridden in his home, recovering from bypass surgery. The 64-year-old heart patient needs regular medication to stay alive, but he cannot access the money to pay for it. His life savings -- Tk 80 lakh in fixed deposits -- remain frozen at Aviva Finance, a financial institution now on the verge of liquidation.

Ahsan Mansur’s planned ordinance gets stuck

Bangladesh Bank (BB) is set to announce its monetary policy for January-June of the current fiscal year today, just two days before the national election.

Authorities tell IMF new govt will take key decisions as an economist says issue is about control, not policy substance

Six non-bank financial institutions (NBFIs) out of 35 are set to be liquidated finally due to poor financial health, after the Bangladesh Bank (BB) board approved the move yesterday.

BB to seek Tk 3,000cr from finance ministry for depositors

At the hearings, the NBFIs will have to explain why they should not be placed into liquidation

The Bangladesh Bank (BB) is grappling with an obstinate economic reality: inflation.

The Bangladesh Bank (BB) will not change its decision about paying no profits on deposits for 2024 and 2025 at five shariah-based banks now undergoing a merger, even as depositors staged protests at a number of branches.

The regulator supervises 61 banks and 35 NBFIs

The jump in bad loans forced the commercial lender to make heavy provisions