Md Mehedi Hasan

Investigation is my foremost interest

Md Mehedi Hasan, Bangladeshi investigative journalist covering financial crimes especially in banking industry. Currently, working at The Daily Star as senior staff reporter with more than eight years of experience in the field of journalism.

Banks sell dollar at more than Tk 118 as pressure mounts

The chief executives of at least three private commercial banks told The Daily Star that the BB had verbally allowed them to quote Tk 1 more than the exchange rate to collect US dollars amid the ongoing forex crunch.

3d ago

ICB Islamic Bank struggling to pay back depositors

ICB Islamic Bank, which took shape from the ruins of Oriental Bank in 2008, is now failing to repay the depositors’ money due to severe liquidity crisis, indicating a vulnerable situation of the lender.

1w ago

No let-up in reserves slide

Bangladesh’s foreign exchange reserves have been falling since September 2021 despite a series of government initiatives to reverse the trend.

1w ago

Yield on treasury bills climbs to a record 12% as govt borrowing intensifies

Currently, the government is borrowing heavily from commercial banks using the tool as the central bank has suspended injecting fresh money into the economy to avoid fuelling inflation, which has stayed above 9 percent for the past 20 months.

1w ago

Pressure mounts as currency outflow intensifies

The deficit in the financial account stood at $9.25 billion in July-March of the current fiscal year, Bangladesh Bank data showed. It was $2.92 billion in the first nine months of the previous fiscal year and $8.46 billion in July-February of 2023-24.

1w ago

Banks go slow in raising interest rates even after BB cedes control

The interest rates on consumer loans, forced loans and overdue loans are likely to go up rapidly in the upcoming months, however.

1w ago

No headway in curbing banks’ bad assets

The FID later backtracked following criticism from different quarters, including the International Monetary Fund (IMF), about the formation of a public corporation since state enterprises have usually underperformed in the country.

2w ago

Withdrawals put BASIC Bank in liquidity crisis

BASIC Bank is experiencing a deep liquidity crunch as depositors have been withdrawing money for weeks following news that the state-run lender is going to be acquired by a private commercial bank.

2w ago
March 11, 2024
March 11, 2024

Nine banks in ‘red zone’

Nine banks, including four state-run ones, have fragile financial health, says a recent report of the Bangladesh Bank.

March 10, 2024
March 10, 2024

Nine banks were in BB ‘red zone’

Nine banks, including four state-run ones, were in the “red zone”, meaning their financial health was fragile,

March 7, 2024
March 7, 2024

Private credit growth slows for contractionary monetary policy

Private sector credit growth slowed in January this year as the lending rate went up due to the central bank’s contractionary monetary policy, according to experts and analysts.

March 6, 2024
March 6, 2024

BB now mulls merger of non-banks

Bangladesh Bank is planning to initiate mergers and acquisitions among weak non-bank financial institutions (NBFIs) if a similar initiative in the banking industry sees success.

March 5, 2024
March 5, 2024

BB's repo facility to be weekly, not daily

The scope for banks to avail Bangladesh Bank’s (BB) repo facility is set to narrow as relevant auctions will be held weekly instead of daily from upcoming July.

February 23, 2024
February 23, 2024

Currency swap pushes forex reserves above $20b

Bangladesh's foreign currency reserves have gone past the $20-billion mark after nearly a month thanks to the currency swap initiated by the central bank.

February 22, 2024
February 22, 2024

A third of NBFIs running without MDs

Twelve non-bank financial institutions (NBFIs) in Bangladesh are running without a regular managing director or chief executive officer and a majority of them have had their top post vacant for more than three months in a clear breach of laws.

February 18, 2024
February 18, 2024

Roadmap for banking reforms: Implementation is key

Although the roadmap drawn up to reform the banking industry of Bangladesh may seem attractive on the surface, there are questions regarding its efficacy in ensuring good governance in the scam-hit sector.

February 13, 2024
February 13, 2024

Defaulted loans soar 20.7pc in 2023

The banking sector’s defaulted loans soared 20.7 percent to Tk 145,633 crore in 2023 as both governance and accountability continue to get looser.

February 12, 2024
February 12, 2024

Bad loan ratio rises to 9% in 2023 

The default loan ratio in the banking sector of Bangladesh rose to 9 percent in 2023 from 8.16 percent a year ago

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