BB sets lending limits on 6 S Alam Group’s banks

Bangladesh Bank (BB) has imposed limits on the disbursement of loans for six banks owned by the controversial S Alam Group for restructuring these banks. From now on these banks cannot disburse loans of more than Tk5.0 crore without the permission of the central bank. Institutions that have overdue and overdue

Ahsan H. Mansur tipped to be next governor of Bangladesh Bank

Eminent economist Ahsan H Mansur is likely to be the next governor of Bangladesh Bank according to officials familiar with the development on Tuesday. The interim government has decided to appoint a new head of the central bank after governor Abdur Rouf Talukder resigned on August 9 in the wake of

Bangladesh Bank operates without governor, deputy governors

Unrest in Bangladesh continued for the second day on Thursday disrupting its normal operation. Protests by mid-level officials and employees of the central bank forced four deputy governors to resign on Wednesday. Governor Abdur Rouf Talukder remained absent from office since the fall of the Awami League government amid mass movement

BB gives weak banks time to merge with good ones

Bangladesh Bank (BB) in a clarification on Tuesday said that weak banks could merge with good ones by December 2024 on their own, otherwise the central bank will decide on the merger issue. After December 2024, the BB will make a decision on which bank will merge with whom, and then

BB sets banking hours for Ramadan

Bangladesh Bank (BB) has fixed office hours from 9:30 am to 4:00pm for all scheduled banks in the country during the Holy month of Ramadan. However, people will be allowed to make banking transactions from 9.30am to 2.30pm, according to a circular issued by the central bank today. For bank staff, there will be

BB issues new guidelines on bank director appointment

Bangladesh Bank (BB) has issued new guidelines tightening the rules of appointing bank directors to ensure good governance in the banking sector. The step has been taken in line with the Bank Company (Amendment) Act, 2023, a BB circular said today. As per the guidelines, the minimum age of a director will

BB visits wheat cultivation project

Abu Farah Md Nasser, Deputy Governor of Bangladesh Bank, recently visited United Commercial Bank (UCB) PLC’s agricultural support scheme titled ‘Bhoroshar Notun Janala.’ Central Bank Deputy Governor visited East Harinchara of Lalmonirhat to inspect the progress of the ongoing project, implemented by the Rural Development Academy (RDA), Bogura’s Char Development

BRAC Bank secures Bancassurance approval from BB

BRAC Bank PLC has secured approval for Bancassurance Business from Bangladesh Bank (BB), a press release said Tuesday. Mohammad Shahriar Siddiqui, Director, Banking Regulation & Policy Department, BB, handed over the approval document to Syed Abdul Momen, Deputy Managing Director, BRAC Bank, at the BB Head Office in Dhaka on January

BB sends letter to 5 Shariah-based banks to stop transactions

Bangladesh Bank has confirmed that it has issued a letter to five Shariah-based banks regarding the prevention of transactions. However, the final decision has not been taken yet, said Mezbaul Huque, Executive Director and spokesperson of the central bank, reports UNB. In an urgent press briefing at Bangladesh Bank headquarters on Sunday

AIBL signs agreement with Bangladesh Bank

Al-Arafah Islami Bank PLC. (AIBL) has signed an agreement with Bangladesh Bank to avail Bangladesh Bank-Long Term Financing Facility (BB-LTFF). Bangladesh Bank Deputy Governor Nurun Naha was present as chief guest in the program on 10 December at Bangladesh Bank Head Office. Managing Director (Current Charge) of AIB PLC Shabbir