Tag: Bangladesh Bank

Fund Embezzlement: HC seeks into on 5 accused BB deputy governors

- Times Report -

The High Court on Tuesday asked the Anti-Corruption Commission (ACC) to inform the steps taken by Bangladesh Bank (BB) against its five accused deputy governors and other officials involved in embezzlement of Tk 3,700 crore. The court asked the ACC to inform the court about the steps within October 27. The HC

HSBC introduces domestic FCY transaction through RTGS

- Times Report -

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

Country’s trade deficit widens by 6.0pc

- Times Report -

The country’s trade deficit widened by more than 6.0 percent to $4.56 billion in July-August period from a year ago, according to data from Bangladesh Bank. The trend was also reflected in the current account balance, which fell further into the red, from $439 million in July to $1.5 billion by

BB cuts lending rate under garment industries dev funds

- Times Report -

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

- Times Report -

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

- Times Report -

Pubali Bank Limited has signed an agreement with Bangladesh Bank for disbursement of loans under the Tk. 1000 crore refinancing scheme aimed at increasing the production of wheat and maize, a press release said Monday. Safiul Alam Khan Chowdhury, MD and CEO of Pubali Bank Limited and Md. Abul Kalam

BB angry over information leaks to the media

- Times Report -

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

Bangladesh is yet to allow Rupee in foreign trade: BB

- Times Report -

Bangladeshi businesses won't be able to use Indian Rupee for foreign trade as Bangladesh Bank (BB) is yet to enlist Rupee to settle letters of credit (LC).  BB spokesperson and executive director Md Serajul Islam told UNB that the central bank is yet enlisted Rupee for foreign trade. He said that BB