Bangladesh Bank (BB) has introduced a facility for the exporters to repay the loans taken from its Export Development Fund (EDF) in installments. From now, the entire loan liability can be repaid in three installments. The Foreign Exchange Policy Department (FEPD) of BB issued a guideline in this regard on Thursday and
Tag: Bangladesh Bank
BB holds workshop for bKash employees
A workshop has been organized with participation of bKash officials on the “guidelines for trust fund management in payment and settlement services”. The workshop reiterated awareness on keeping the sanctity of ‘Trust Cum Settlement Account’ and focused on how to ensure security of customers’ money and retain their trust in mobile
Forex dealers, banks cap USD exchange rates
Foreign currency dealers and banks have finally capped the dollar exchange rates following Bangladesh Bank’s instructions amid a prolonged crisis in the foreign exchange market. The ceiling will be Tk 108 for inward remittances and Tk 99 for export proceeds, effective from Monday. The rate for letters of credit for import will
Bank accounts with Tk 1cr and above now 1,08,457: BB
BB orders to halt evening banking
Bangladesh Bank has instructed to close evening banking activities to save electricity.The Banking Regulations and Policy Department of the central bank issued a notification in this regard and sent it to top executives of banks for immediate effect Tuesday. According to the notification, evening banking activities will be closed until further
Forex rate stable as BB tightens grip
Bangladesh Bank's move to curb foreign currency spending has resulted in stability in the market after a jump in hiking exchange rate over the last four months. Through several regulatory measures against some banks and money exchange houses, the volatile forex market is seemingly stable now. Banks' and kerb market's
BB launches instant forex transaction system
Bangladesh Bank has started instant foreign currency transactions, from bank to bank, through online-based real time gross settlement (RTGS). Banks are primarily clearing and settling in US dollars, pounds, euros, Canadian dollars, and Japanese yen. Bangladesh Bank Governor Abdur Rouf Talukder officially inaugurated the RTGS program at the headquarters of the central
Default loans of NBFIs rise 54.29pc
Default loans of Non-Bank Financial Institutions (NBFIs) rose 54.29 percent to Tk 15.936.42 crore in three months to June, 2022 compared to the same period last year, official sources said. The total amount of default loans of NBFIs was 23 percent of the total loans disbursed, according to the latest
Premier Bank signs refinance deal with BB
The Premier Bank Limited and Bangladesh Bank recently signed an agreement to provide loan under refinancing facilities for the cottage, micro, small and medium enterprises (CMSMEs), a press release said Wednesday. Abdur Rouf Talukder, Governor of Bangladesh Bank, attended the signing ceremony at BB as the chief guest. M. Reazul
FSIBL signs refinance deal with BB
First Security Islami Bank Ltd. signed an agreement with Bangladesh Bank (BB) under refinance scheme for investment in Cottage, Micro, Small and Medium Enterprises (CMSME) sector, a press release said Wednesday. Under the deal, FSIBL will disburse lloans among these sectors on easy terms and low profit rate. The manufacturing