Bangladesh Bank (BB)

Bailout for big loan defaulters

Bangladesh Bank and a government committee have come up with a generous scheme to allow easy rescheduling of defaulted loans, which experts say will hurt the banking sector and the economy at large.
RCBC’s case not to create problem: BB governor

Bangladesh Bank (BB) Governor Fazle Kabir says the defamation lawsuit, filed by Philippines’ Rizal Commercial Banking Corporation (RCBC) against the central bank, will not create any problem to the efforts to recover the stolen money.
BB not worried at RCBC case

Terming the RCBC's defamation suit against the Bangladesh Bank baseless, a top BB official yesterday said it would not put any pressure on the central bank.
BB executive director apologises for distorting history

Bangladesh Bank’s Executive Director Shuvonkor Saha has offered an unconditional apology before the High Court for distorting history in a book titled “Bangladesh Bank-er Itihash” (history of Bangladesh Bank).
BB to release new Taka 100 note on March 7

Bangladesh Bank (BB) is going to release 100 percent cotton paper ‘Uv Curing Varnish’ Taka 100 note on March 7 aimed at strengthening the security features of the high value currency.
Janata sinks into Tk 6,063cr loss

Just two big borrowers have plunged the once-profitable Janata Bank into such a precarious situation that the state-owned lender may
14 banks see unusual rise in default loans

Default loans in 14 banks surged abnormally in 2018 -- in a development that will weaken the country's banking sector further.
DNCC by-polls: Banks to remain closed in Dhaka

All scheduled banks and non-banking financial institutions in the capital will remain closed tomorrow for Dhaka North City Corporation (DNCC) by-polls.
BB to widen reach of digital wallets

The central bank is set to come up with a guideline for electronic money in further proof of its commitment to building a cashless
Confiscate copies of 'Bangladesh Bank-er Itihas'

The High Court yesterday directed the government to immediately confiscate all copies of a book titled “Bangladesh Bank-er Itihas” (history of Bangladesh Bank) from the market, as some of its contents contain distorted history.
3 new banks get nod amid outcry

The central bank yesterday gave nod to three new banks -- at a time when the sector is saturated and stressed for rising nonperforming loans and declining corporate governance.
Bangladesh Bank approves 3 more pvt banks

Bangladesh Bank approves licenses of three more banks at a time when the country’s banking sector is reeling under mismanagement.
Ex-BB official gets 10yrs for laundering Tk52 lakh

A former Bangladesh Bank official is handed 10 years imprisonment for misappropriating Tk 52 lakh by through fake accounts.
HC asks for list of loan defaulters

The High Court yesterday ordered the Bangladesh Bank to submit a list of borrowers with more than Tk 1 crore in default loans as part of its efforts to salvage the banking sector from its current unstable situation.
BB Heist Probe: CID fails 56th report deadline

A Dhaka court yesterday again asked Criminal Investigation Department (CID) to submit probe report by March 13 in Bangladesh Bank cyber heist case.
BB moves to amend bankruptcy act

The central bank will hold a meeting today to amend the Bankruptcy Act, 1997 with the view to handing out exemplary punishment to habitual defaulters.
BB Cyber Heist: JP's Chunnu demands finance minister's statement in House

Mujibul Haque Chunnu, a lawmaker from the main opposition Jatiya Party, yesterday demanded that Finance Minister AHM Mostafa Kamal give a statement in parliament on the Bangladesh Bank cyber heist.
BB set to sue Rizal Bank in US court

Bangladesh Bank Governor Fazle Kabir said the central bank was expected to file a lawsuit yesterday night with a US court against Philippines' Rizal Commercial Banking Corporation (RCBC) to recover the full amount stolen in the February, 2016 heist.
BB unveils a cautiously optimistic monetary policy

The central bank yesterday unveiled a cautiously optimistic monetary policy for the second half of the fiscal year, keeping room to provide adequate supply of quality credit to support the growth and inflation targets.
BB to guard against inflation in first half

The central bank is set to bring down the private sector credit growth target for the first half of 2019 slightly with a view to containing
Legal notice seeks inquiry in bank irregularities

A rights group has served legal notice to the government for an inquiry into irregularities in the banking sector of Bangladesh during the last 20 years.
Cyber Heist: BB to file case with NY court in 10 days

Bangladesh Bank will file a case with a New York court by this month over the cyber heist of its reserves in which $81 million was stolen nearly three years ago.
Lending rates edging up

The interest rate on lending is on the rise amid high import pressure and hunt for deposits at the end of last year.
BB Heist: Court wants CID probe report by Feb 10

A Dhaka court directs Criminal Investigation Department (CID) to submit by February 10 the probe report on the case filed over the cyber heist of $101 million from the account of Bangladesh Bank in 2016 -- one of the biggest cyber crimes in the world.
BB suspends mobile banking for polls

Bangladesh Bank suspends all kind of mobile-based financial services (MFS) for temporary basis ahead of the December 30 national election.
BB instructs banks to keep adequate cash in ATM

Bangladesh Bank has instructed banks to keep adequate cash in ATM machines during the national elections to be held on December 30.
LARGE LOAN RESTRUCTURING: FAVOUR PROVES FUTILE

On January 29, 2015, the Bangladesh Bank issued a new large loan restructuring policy to stand by big borrowers in trouble.
Default loans at all-time high

Banks' non-performing loans hit nearly Tk 1 lakh crore at the end of September -- the largest yet in Bangladesh's 48-year-history.
New policy to shield farmers

The central bank has taken an initiative to draw up a policy to shield farmers from high-cost farm loans disbursed by microfinance
Scams, failures skipped, dev highlighted

The Bangladesh Bank has published a report on the banking sector development over the last 10 years ahead of the national elections,