Tag: Bangladesh Bank

BB raises cash withdrawal limit to Tk 4 lakh daily

- Times Report -

Bangladesh Bank (BB) has ordered commercial banks not to allow cash withdrawals of more than Tk 4 lakh per account daily. Earlier, the limit was Tk 3 lakh. The central bank has hiked the limit once in each of the previous three weeks, which it imposed after the deterioration of the law

BB could not function properly under previous govt: CPD

- Times Report -

Professor Mustafizur Rahman, a distinguished fellow of the Centre for Policy Dialogue (CPD) said Bangladesh Bank (BB) could not function properly under the last government despite having sufficient legal authority. He said this while speaking as the chief guest at the shadow parliament event organised by Debate for Democracy held at

BB will not provide illegal liquidity support to any bank

- Times Report -

Bangladesh Bank (BB) Governor Dr. Ahsan H. Mansur Tuesday said the central bank will not provide illegal liquidity support or other facilities to any bank. "The depositors have the right to withdraw money from the ailing banks and the banks will be liable if they have lost confidence of their clients.

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

- Times Report -

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

- Times Report -

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

- Times Report -

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

- Times Report -

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