The Hongkong and Shanghai Banking Corporation (HSBC), along with Bangladesh Bank (BB), has initiated foreign currency (FCY) transaction solution through real-time gross settlement (RTGS) clearing of the central bank. This solution will enable HSBC's valued customers to make domestic foreign currency payments to other participating bank's FCY accounts and to receive
Tag: Bangladesh Bank
Country’s trade deficit widens by 6.0pc
BB cuts lending rate under garment industries dev funds
Bangladesh Bank has cut the interest rate for loans from the special fund for development of garment factories from 7 to 5 percent. Bangladesh Bank is implementing the project titled 'Support for safety reform, remediation and environmental improvement in the garment sector made in Bangladesh' with the support of development agencies
BCBL signs refinance deal with BB
Bangladesh Commerce Bank Limited (BCBL) has signed a participation agreement with Bangladesh Bank (BB) in a one thousand crore taka refinancing scheme to increase the production of wheat and maize, a press release said Tuesday. A.K.M. Sajedur Rahman Khan, deputy Governor BB chaired the programme at the conference room of
Pubali Bank signs deal with BB
BB angry over information leaks to the media
The Bangladesh Bank has served show-cause notices on a number of officials, asking for their explanations as to how the media published reports based on the central bank's findings on several banking scams. Around 10 officials have faced the notices in the last couple of weeks, sources said. This is an unprecedented
Dollar crisis: BB allows return of six banks’ treasury chiefs
The Bangladesh Bank has allowed the return of the treasury chiefs of six banks, who were removed from their positions for making "excessive profits by trading dollars, ignoring banking norms amid a volatile foreign exchange market." Also, the banks have been asked to spend 50 percent of the profits that they
Bangladesh is yet to allow Rupee in foreign trade: BB
Small traders don’t need to show trade licenses to open bank account: BB
Bangladesh Bank has waived the provision of showing trade licenses in opening bank accounts by small traders, according to a recent circular of the bank. The name of the account will be 'Personal Retail Account' or 'Private Retail Account'. This account can be opened in banks, mobile financial services (MFS), e-wallet
Fifty promising entrepreneurs now ready for business
Bangladesh Bank and BRAC Bank completed two batches of training under ‘Entrepreneurship Development Programme’ Dhaka, Thursday, September 15, 2022: Acquired knowledge on the fundamentals of running a business, 50 promising entrepreneurs are now ready to engage themselves in their respective ventures fully. With technical assistance from Bangladesh Bank, BRAC Bank has