central bank
Govt keeps borrowing big amounts from BB
The government has kept borrowing a hefty amount of funds from the Bangladesh Bank as commercial banks are unable to meet the financing requirement of the state because of the liquidity crunch.
Central banks and innovation
Fintech innovation, especially innovation in payments -a critical financial service most people use every day—is generating new challenges and often competing priorities for central banks.
Lanka gets 6 more months to repay BB’s $200m
Bangladesh Bank yesterday granted Sri Lanka’s request to be given six more months to repay a $200 million loan due to the prolonging of its economic crisis.
Nagad Finance inches closer to running MFS operation
The Bangladesh Bank yesterday decided in principle to allow Nagad Finance PLC, a proposed non-bank financial institution (NBFI), to run mobile financial services.
BB team was negligent in detecting BIFC irregularities
The central bank’s inspection team did not perform properly to detect the irregularities at Bangladesh Industrial Finance Company (BIFC), a fact-finding committee found.
Govt keeps borrowing heavily from BB
The government continues to borrow from Bangladesh Bank on a large scale as commercial banks are now unable to finance the state due to liquidity crunch.
Dressing Up Balance Sheets / Four more Islamic banks take BB emergency loans
Four more shariah-based banks have been found to have taken emergency funds, which are usually taken during extraordinary circumstances, in an attempt at dressing up their balance sheet for last year.
2023 will be the year of inflation and financial turpitude
While the government is distracted by elections, the financial economy will suffer
Only two options left for macroeconomic stability
Bangladesh does not have too many policy options other than reducing consumption of goods and services and making the exchange rate flexible in order to ensure macroeconomic stability, said a central bank report.
Probe finds more ATM fraud cases
Fraudsters might actually have stolen over Tk 1 crore -- four times the amount initially thought -- from ATM booths of several banks using cloned cards last month, the central bank and investigators say.
Ban high value notes, ex bank chief says
Central banks should stop issuing £50, $100 and €500 notes to tackle crime, according to a former bank boss.
Homework for monetary policy
The latest monetary policy, which the central bank governor had announced recently, has passed through the market with a fair amount of approval...
Central bank cuts policy rates
The central bank has cut its policy rates for the first time in three years in an effort to spur investment and the GDP growth.
BB appoints observer in Farmers Bank
Bangladesh Bank (BB) appoints an observer in the board of Farmers Bank in a bid to improve the health of the newly established bank.
BB chief writes to IGP seeking justice for tortured official
Bangladesh Bank governor in a letter called upon the police chief to ensure justice for alleged police torture of an official of the central bank.
A rent seeking policeman!
The horrific experience of an assistant director of the central bank, picked up by a sub-inspector and his cohorts and tortured inside a police...
4 state-owned banks get observers
The central bank appoints four observers to the boards of four state-owned commercial banks.
BB asks FIs to tighten money laundering rules
The central bank today issued a master circular asking all financial institutions (FIs) to follow the anti-money laundering and terrorist financing rules strictly.
Interest rebate for good borrowers
Bangladesh Bank will offer incentives to good borrowers, as there has been an allegation that the central bank always stands by defaulters.
