Bangladesh Bank (BB)

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,
Provide loan info to ROs

Bangladesh Bank yesterday asked all banks to submit to returning officers the loan statements of the defaulters seeking to contest the December 30 national polls.
BB's intervention fails to stabilise exchange rate

The foreign exchange market has been going through volatility because of the widening demand-supply gap of US dollars amid high
Most listed banks' profits tumble in Q3

As many as 60 percent of the banks listed on the stock exchanges have seen their profits tumble in the third quarter of the year
Four new banks to get licence

Giving in to pressure from government high-ups, Bangladesh Bank has set in motion the process of giving licences to four proposed commercial banks.
Ethical leaders in banks are a must

We appreciate the candour with which a senior official of Bangladesh Bank (BB) spoke about the problems affecting our banking sector at a seminar organised by the Bangladesh Institute of Bank Management (BIBM) on October 22.
HC orders probe on BB publication

The High Court yesterday directed the finance secretary to immediately form a probe committee to find out the people responsible for distorting history in a book titled “Bangladesh Bank-er Itihas (History of Bangladesh Bank)”.
Janata now goes for auction

Saddled with Tk 8,300 crore loans to two business groups, most of which have gone bad, Janata Bank has moved to auction property and goods of one -- Crescent Group.
Banks' deposit base expands slightly

Banks' aggressive drive for funds has finally pushed up the deposit growth, easing the cash crunch that has crippled the banking
Seven banks in 'red zone'

The central bank is concerned about seven banks, including three state-run lenders, for their deteriorating financial health stemming largely from rising default loans and declining capital and profits.
Loans for farmers to be cheaper

The central bank has moved to slash the lending rate on farm loans by one percentage point to 8 percent as most banks have cut the
Banks' toxic loans rise 20pc in six months

Banks' nonperforming loans rose by 20.23 percent, or Tk 15,037 crore, in the six months to June this year owing to poor lending
'Gold in BB vault is all right'

State Minister for Finance and Planning MA Mannan today said the gold in the Bangladesh Bank vaults is "alright".
Bank's shady foreign exchange dealings

The Bangladesh Bank (BB) has found that a state-owned bank is openly skirting rules when it comes to foreign exchange transactions. Several major business houses which have been allowed to open letters of credit (LC) and transfer funds abroad, have not submitted bills of entry, which is a proof of goods entering country.
Nothing serious, just 'error in records'

Bangladesh Bank yesterday refuted the allegation that one of the gold bars kept in its highly secure vault by the customs department was adulterated.
Gold scam in BB vault a sign of govt’s plundering: BNP

BNP Standing Committee Member Khandakar Mosharraf Hossain strongly condemns the government for the reported gold scam in the Bangladesh Bank’s vault saying it is another sign of plundering by the government.
‘Mistrust over banking sector an ominous sign’

A slight mistrust has been created among the people over the country’s banking sector in recent time, which is an “ominous sign” for the banks, Bangladesh Bank Governor Fazle Kabir says.
Legality of bitcoin in Bangladesh

Bitcoin is a cryptocurrency invented in 2009 by a software developer allegedly named Satoshi Nakamoto with a goal to create “a new electronic cash system” that was “completely decentralised with no server or central authority.
BB asks all banks to ensure proper use of loans

The Bangladesh Bank asks all scheduled banks to strengthen monitoring of their disbursed loans with a view to ensuring the intended use of funds.
BB to release new notes from June 3

Bangladesh Bank (BB) is set to release new currency notes for Taka 10, 20, 50 and Taka 100 in the market ahead of Eid-ul-Fitr from June 3.
3-wheelers to be taxed: NBR in pre-budget talks

CNG-driven auto-rickshaws and other engine or battery-driven three-wheelers will be brought under the tax scheme in the upcoming budget, National Board of Revenue (NBR) says.
Online fund transfer to any bank from June

Fund transfer to any Bangladeshi bank account through online banking will become possible from June, in a development that promises to be a great timesaver for bank customers.
Banks now to get cheaper BB funds

Bangladesh Bank has made funds cheaper for all banks by reducing its repo rate by 75 basis points to 6 percent.
Bad loans soared 20pc in 2017

Banks' default loans surged 19.51 percent in 2017, as the Bangladesh Bank's efforts to rein in bad loans are going to vain.
BB move to cheer up stocks as well

The central bank's move to extend the deadline for lowering the banks' loan-deposit ratio will give a boost to the stock market,
BB to sue Rizal bank over heist

Bangladesh Bank has decided to sue the Rizal Commercial Banking Corporation of the Philippines for its role in the cyber heist of $81
BB to sue Manila-based RCBC

Bangladesh Bank decides to sue the Manila-based Rizal Commercial Banking Corporation against its role in stealing $81 million from the BB's account at the New York Fed more than two years ago.