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.
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.
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.
The Bangladesh Bank yesterday decided in principle to allow Nagad Finance PLC, a proposed non-bank financial institution (NBFI), to run mobile financial services.
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.
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.
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.
While the government is distracted by elections, the financial economy will suffer
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.
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.
Central banks should stop issuing £50, $100 and €500 notes to tackle crime, according to a former bank boss.
The latest monetary policy, which the central bank governor had announced recently, has passed through the market with a fair amount of approval...
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.
Bangladesh Bank (BB) appoints an observer in the board of Farmers Bank in a bid to improve the health of the newly established bank.
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.
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...
The central bank appoints four observers to the boards of four state-owned commercial banks.
The central bank today issued a master circular asking all financial institutions (FIs) to follow the anti-money laundering and terrorist financing rules strictly.
Bangladesh Bank will offer incentives to good borrowers, as there has been an allegation that the central bank always stands by defaulters.