Bangladesh Bank (BB)

A cesspool of banking irregularities

Report on NRBC Bank shows how chaotic the banking sector has been

Capital machinery imports on the mend

Capital machinery imports are recovering slowly as concerns over political uncertainty ease and banks show more willingness to facilitate investments amidst increased liquidity in terms of US dollars and stability in the exchange rate. During the July-January period of this fiscal year (FY), LC openings for capital machinery grew three percent year-on-year to $1,557 million, according to Bangladesh Bank data.

Bangladeshi banks’ profitability lowest in South Asia

The profitability of the banking sector in Bangladesh is the lowest in South Asia due to the prevalence of higher non-performing loans, lower efficiency, and an elevated level of costs of funds.

BB now sets criteria for NBFIs’ independent directors

The Bangladesh Bank has issued its first-ever guideline for the appointment of independent directors at non-bank financial institutions (NBFIs) in order to protect the interest of depositors and general shareholders.

Inflation and not so SMART interest rates

The failure to tame inflation not only imposes a steep tax on the poor and the middle class, it also erodes economic competitiveness.

Currency swap between Bangladesh Bank and commercial banks introduced 

Bangladesh has decided to introduce currency swaps between the central bank and commercial banks considering the local foreign exchange market dynamics

Financial account’s deficit narrows 

The deficit in Bangladesh’s financial account narrowed slightly to $5.39 billion in the July-December half of the current financial year

Banking reform roadmap useless if past failures not understood

Bangladesh Bank’s banking sector reform roadmap of last week will come to no use if the implementation failures of previous roadmaps cannot be understood, said eminent economist Wahiduddin Mahmud yesterday.

Banking sector distressed by reform failure: key economist

Bangladesh Bank's banking reform roadmap is nothing new, but failures to implement it has distressed the sector, said eminent economist Wahiduddin Mahmud

February 6, 2024
February 6, 2024

Bangladesh Bank publishes list of firms eligible to audit banks, finance companies

Bangladesh Bank has published a list of 39 firms that are authorised to audit banks and finance companies

January 17, 2024
January 17, 2024

Bangladesh Bank unveils monetary policy to tame inflation

The BB maintained a contractionary policy stance in the July-December of 2023-24

January 11, 2024
January 11, 2024

Import payments for eight essential items ease ahead of Ramadan

BB allows imports of edible oil, chickpeas, pulse, peas, onion, spices, sugar, and dates on usance terms for up to 90 days

January 2, 2024
January 2, 2024

Bancassurance can change how we do insurance

The system of selling insurance services to bank customers will ultimately expand financial inclusion.

December 31, 2023
December 31, 2023

Banks to remain closed on January 7 for polls

Banks will remain closed on January 7 to help bankers and other employees of lenders cast their votes

December 27, 2023
December 27, 2023

BB asks Islami Bank to explain why it buys dollars at higher rate

The Bangladesh Bank has asked Islami Bank Bangladesh to explain why it is buying US dollars from foreign exchange houses at a rate that is higher than the fixed price.

December 25, 2023
December 25, 2023

Importers seek wider access to loans as currency slides

The devaluation of the taka has squeezed the import capacity of industries, particularly essential commodity importers and exporters

December 21, 2023
December 21, 2023

Taka depreciation expected to continue amid financial outflows

The taka is expected to depreciate further against the US dollar due to huge outflows, says BB

December 20, 2023
December 20, 2023

Prompt Corrective Action Framework: a bold move

In a groundbreaking move, BB introduced the prompt corrective action (PCA) framework on December 5 to ensure stability in our commercial banks

December 15, 2023
December 15, 2023

Bancassurance for financial inclusivity

The government's move to approve bancassurance is an opportunity to make insurance more accessible, trustworthy, and understandable.

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