BB

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,

Short-term trade finance cost in foreign currencies goes up

he Bangladesh Bank yesterday increased the all-in-cost ceiling for short-term trade finance in foreign currencies to 4 percent

Lending rate on bank loans goes past 12%

The interest rate on bank loans in Bangladesh has gone past 12 percent as the reference rate has seen an increase, central bank data showed

Banks barred from transferring forex to offshore branches

BB yesterday barred banks from transferring foreign currency to their offshore units

Why Bangladesh Bank's inflation control policy is falling short

One key factor hampering the effectiveness of BB's policies is the delay in decision-making and significant transmission lags.

Will BB’s lending rate-setting formula yield expected results?

The Bangladesh Bank has decided to implement a market-based interest rate from July, moving away from the 9 per cent interest rate cap on loans, an initiative that may help the central bank uses its policy rates effectively in its fight against higher inflation.

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.

March 14, 2016

Forensic team examining BB computers

A forensic team is examining all computers of the Bangladesh Bank to determine how a malware hacked into the payment system of the central bank and stole $101 million.

March 13, 2016

BB installing monitoring software

To stop any further hacking of its network, Bangladesh Bank is installing monitoring software on all its computers that would instantly

March 8, 2016

Hackers steal $100m from BB account

Bangladesh Bank has identified the people involved in the hacking of around $100 million (Tk 780 crore) from its foreign currency account with the Federal Reserve Bank of New York, claim BB officials. Almost the entire amount was transferred online to the Philippines banking system and a small portion of it to Sri Lanka by suspected Chinese hackers on February 5, they said.

January 28, 2016

Tortured BB official Rabby rejects report, dubs it false

Bangladesh Bank official Golam Rabby, who was subjected to police torture for bribe, has rejected the report submitted to the Supreme Court over the incident. “I did not do anything, they grabbed me by my collar from the behind,” he tells The Daily Star hours after the report is filed to the apex court.

January 20, 2016