Bangladesh Bank (BB)

Bangladesh Bank has no plans to quarantine bank notes to check coronavirus spread

South Korea’s central bank started to quarantine all bank notes on March 6 for two weeks to remove any traces of coronavirus and even burn them as part of the government’s efforts to contain the outbreak.
9% interest rate on loans: HC refuses to hear petition challenging BB decision

A High Court bench refuses to hold hearing on a writ petition that challenged the legality of Bangladesh Bank's decision which instructed the scheduled banks to set a maximum nine percent interest rate on all loans except credit cards.
BB seeks explanation from Janata MD

Bangladesh Bank has sought explanation from Janata Bank Managing Director Md Abdus Salam Azad for extending loan rescheduling facilities to two companies, including the notorious AnonTex Group, by breaching rules.
Bangladesh Bank Reserve Heist: Int’l payment system now slower, costlier

It has been four years since a band of hackers broke into this Bangladesh Bank’s account with the New York Fed with the intent to pull off what would have been the biggest cyber heist in history.
Travellers can now carry up to $10,000

Each traveller can now carry up to $10,000 without declaration while departing or entering Bangladesh.
The billion-dollar hit job

The way unknown hackers hatched plans to steal money from the Bangladesh Bank’s reserves with the New York Fed using the most sophisticated banking and payment channels as well their near-perfect preparation and timing will render many detective stories and Hollywood movies average.
Risky loans soaring. BB’s plan? Hide figure.

The central bank is planning to sweep the bulging stressed assets under the rug when it publishes its annual financial stability report in April such that it can paint a rosy picture of the banking sector.
BB makes easier digital marketing payment

Bangladesh’s e-commerce sector has received a major boost after the central bank opened up an opportunity for them to make payment to social media giants for online marketing.
BB removes Mercantile Bank director

Bangladesh Bank has removed Md Shahidul Ahsan from Mercantile Bank’s board of directors over his alleged involvement in money laundering.
Banks bracing for big hit on profits

Banks will have a hard time logging in profits in the coming days because of the latest government decision to fix interest rate for lending at 9 percent and for deposit at 6 percent.
BB official, 2 daughters die in Sitakunda road crash

A Bangladesh Bank official and his two daughters are killed and his wife and son are injured in a road accident in Chattogram’s Sitakunda upazila.
BB to release new banknote of Taka 200

The central bank will release new banknotes of Tk 200 denomination in March next year on the occasion of birth century of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
Bring bank loan interest rate to single digit: Minister

Commerce Minister Tipu Munshi has pressed the need to bring down bank loan interest rate to single digit in order to boost businesses.
Loan defaulter gets remittance award of BB

Bangladesh Bank has handed over the remittance award to loan defaulter and money launderer Shahjahan Bablu without scrutinising his background.
Reforms to fall flat if defaulters spared

Any reforms in the banking sector will not be effective if those are made sparing loan defaulters, says Khondkar Ibrahim Khaled, former deputy governor of Bangladesh Bank.
'Discarded' Bangladesh Bank notes surface in Bogura waterbody

Local people in Bogura's Shahjanpur upazila discover huge amounts of "discarded'' notes of Bangladesh Bank in a waterbody. They first noticed it after the notes started to wash up on the banks of the waterbody in Chandai village on Sunday.
Wealth of Shamim, Family Members: BB asks banks to freeze accounts

Bangladesh Financial Intelligence Unit (BFIU) has ordered all banks to freeze accounts of SM Golam Kibria Shamim, his wife and mother, and of now-expelled Jubo League leader Khaled Mahmud Bhuiyan.
TIB urges BB not to allow Beximco for rescheduling loan

The Transparency International Bangladesh (TIB) has called upon Bangladesh Bank to refrain from a self-defeating move that would grant a top-ranking defaulter for rescheduling Tk 430cr loan.
BB to give banks euro loans from reserves

Bangladesh Bank is set to give loans to local banks’ offshore banking units (OBU) to offset the negative returns that it now gets for its liquid euro assets -- a move that can be viewed as making the best out of a bad situation.
BB warns against unauthorised note in social media

Bangladesh Bank has urged the social media users to refrain from using pictures of any unauthorised note in Facebook or other social media.
Rescheduling deadline for loan defaulters extended

The central bank extends rescheduling deadline for the loan defaulters until October 20.
Banks to serve till Aug 11 near cattle markets

Bangladesh Bank issues a circular asking banks to keep their branched near cattle markets open till August 11.
BB unveils monetary policy with a word of caution

The Bangladesh Bank has announced the Monetary Policy Statement for the FY20 cautioning on a couple of near-term domestic risk factors that may hamper attainment of the monetary program objectives.
Reschedule of loans: HC questions legality of BB circular

The High Court questions the legality of a Bangladesh Bank circular allowing defaulters to reschedule their loan with a repayment period of up to ten years.
Three banks hit by cyberattacks

At least three local private banks suffered major cyberattacks last month, raising concern about the robustness of their security systems against a growing threat of scammers.
Bad loans soar

Defaulted loans soared to Tk 110,874 crore as of March this year, the highest ever in the country.
Remittance hits record in May

The month of May saw a record amount of remittance flow for a single month as expatriate Bangladeshis sent $1.75 billion to ensure
Mobile banking transaction limit increased

Bangladesh Bank enhances the transaction ceiling for mobile financial service following requests from the leading players aiming to promote expansion of the services.
HC wants list of loan defaulters by June 24

The High Court orders Bangladesh Bank authorities to submit a list of borrowers with more than Tk 1 crore in default loans by June 24.
Bank transaction hours 9:30am to 2:30pm in Ramadan

Banking hours during Ramadan will be from 9:30am to 4:00pm, Bangladesh Bank has said.