Banking Sector
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,
Climate funds perpetually stuck in a scam-ridden bank
How long till Farmers Bank pays back what’s due?
Take action against big loan defaulters
Appellate Division’s observation on defaulted loans is right on the mark
Bank Company (Amendment) Act, 2023 / Will it do more harm than good?
It seems there exists a nexus among the policymakers, bank directors, and defaulters which facilitates the process of swindling depositors’ money.
Monetary policy has been set free... but not really
While the government’s latest monetary policy for the first half of fiscal year 2023-24 shows an attempt to be rational for the market, it lacks vigour to solve inflation and the dollar crisis.
Bangladesh's bumpy digital finance voyage
In the ever-evolving realm of global finance, the transition towards cashless societies has emerged as a transformative force, unlocking a myriad of benefits for nations embracing digital currencies.
Banking sector needs comprehensive reforms: ADB
Bangladesh’s banking sector now requires comprehensive reforms for the financial sector to become strong enough to augment a transition to an upper middle-income country by 2031, said Edimon Ginting, country director of Asian Development Bank (ADB), yesterday.
Bangladesh Bank looked away as tycoons borrowed at will from 2 banks
On edge -- is what best describes the sensation surrounding the banking sector. But the Bangladesh Bank higher-ups were warned as early as October 2021 that such a situation might transpire. Yet, no definitive action was taken then.
BB sends observers to Islami Bank, FSIBL
Bangladesh Bank yesterday re-appointed an observer at Islami Bank and dispatched an observer for the first time at First Security Islami Bank (FSIBL) -- the two Shariah-based lenders where Chattogram-based business giant S Alam Group has significant stakes.
Banking sector now orphan: CPD
The Centre for Policy Dialogue yesterday came down hard on the finance ministry for the host of moves it made earlier this month to
'Deteriorating Health' of Banking Sector: It's a big worry for economy: WB
The deteriorating health of banking sector has become a major concern for the economy, the World Bank said yesterday.
Banking Sector: TIB worried at proposal for reporting law
Transparency International Bangladesh yesterday termed the Bangladesh Association of Banks' proposal of formulating the Bank Reporting Act as illegal and expressed deep concern over it.
Family grip on private banks to tighten
Parliament yesterday passed the Banking Companies (Amendment) Act 2017 amid criticism from various quarters that the revised law will help a single family tighten its hold on a private bank.
Subsidy in banking sector to avoid disaster: Muhith
Finance Minister AMA Muhith tells parliament that the government has given subsidy to state-run banks in a bid to avoid any possible disaster in banking sector. Amid criticism that there is no good governance in banking sectors, Muhith says his government is working very seriously for ensuring good governance in banking sector and money market.
Default loans soar
Default loans have dogged the country's banking sector for nearly three decades now, despite various reform efforts -- an alarming pattern that has damaged the economy and deprived honest borrowers of funds.
Unrest biggest risk to near-term outlook: WB
Political unrest, vulnerability in the banking sector and low investment stand in the way of higher GDP growth and economic development, the World Bank said.
