BB

Reforms in the financial sector necessary to get rid of default loans

Why is the amount of default loans increasing day by day?

Will the government touch the ‘untouchables’?

The default-loan narrative has smeared our otherwise powerful story of graduation from the Least Developed Country (LDC) status.

Lax monitoring by BB to blame for bank scams

Had the Bangladesh Bank played the role of a guardian and properly inspected commercial banks, the scams would not have taken place in the banking sector, Anti-Corruption Commission Chairman Iqbal Mahmood said.

BB Cyber Heist: Malware sent to BB network thru' emails

It looked like any other email job-seekers send. The sender Rasel Ahlam attached a cover letter and a resume apparently hoping for a call for a personal interview.

BB Report on Last 10 years / 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,

Central bank detects Tk 4,000cr laundering

Bangladesh Financial Intelligence Unit has detected cases of money laundering involving Tk 4,000 crore and is carrying out a thorough probe into it, Bangladesh Bank Deputy Governor Abu Hena Mohd Razee Hassan said yesterday.

Banks asked to lower their loan-deposit ratio

The central bank yesterday instructed banks to lower their loan-deposit ratio to within 83.5 percent by June 30 in a move to reining in the banks' aggressive lending practices.

BB seeks to curb excessive lending

Bangladesh Bank yesterday announced its new monetary policy for January-June with a target to tighten money supply and curb excessive lending, which is likely to raise interest rates and hurt businesses and consumers.

AB Bank laundered Tk 165cr to UAE

The AB Bank has allegedly laundered around Tk 165 crore to the United Arab Emirates through two shady organisations in the name of investment, according to a Bangladesh Bank probe report.

November 29, 2017
November 29, 2017

Farmers Bank Debacle: BB measures not enough

Bangladesh Bank responded very late in dealing with the ailing Farmers Bank, former central bank governors and senior economists said.

November 24, 2017
November 24, 2017

2 more pvt banks in the offing

Bangladesh Bank is completing the primary process for issuing licences to two more private banks, which analysts claimed would be detrimental to the banking industry and the economy as a whole.

November 22, 2017
November 22, 2017

JS committee forms body to probe Agrani Bank ‘loan scam'

A parliamentary body is formed a three-member sub-committee to give recommendations on a Bangladesh Bank report that got huge irregularities in giving loans from the state-run Agrani Bank.

November 1, 2017
November 1, 2017

Quizzical Changes in SIBL: BB rushes to approve it

Bangladesh Bank approved the sudden changes in Social Islami Bank Limited (SIBL) only hours after the Shariah-based bank provided it with documents on Monday.

October 30, 2017
October 30, 2017

Graft leaves 2 pvt banks in dire straits

Only four years after their inception, two private commercial banks are at a risk of becoming insolvent due to rampant corruption, posing a potential threat of a spill-over impact on the entire banking system, according to a Bangladesh Bank report.

June 9, 2016
June 9, 2016

Farashuddin wants further probe

The government should carry out further investigation to find out whether the suspected Bangladesh Bank officials were really involved in the $101 million cyber heist, says Mohammed Farashuddin, head of the three-member body that probed the theft.

May 16, 2016
May 16, 2016

BB heist: 'SWIFT is responsible'

A government committee probing the Bangladesh Bank heist has held SWIFT responsible for weakening the payment system which allowed cyber thieves to steal $81 million from the central bank's account with the New York Fed.

March 30, 2016
March 30, 2016

Filipino willing to return $14.3m

Kim Wong, the Filipino casino operator dubbed the “missing link” in the cyber heist of $81 million in Bangladesh Bank reserves, said he is willing to return up to $14.3 million he received from two Chinese nationals linked to the stolen funds.

March 24, 2016
March 24, 2016

Conduct thorough probe

US Congresswoman Carolyn B Maloney has raised some serious questions about the New York Federal Reserve Bank's actions regarding the $101-million heist from the Bangladesh Bank account.

March 21, 2016
March 21, 2016

Hunt on for the heist bug

US cyber security firm FireEye, which is charging Bangladesh Bank $400 an hour to probe the $101 million heist, is hunting for a malware that it believes is still hiding in the bank's network.