The Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh jointly with Bangladesh Bank and the National Board of Revenue (NBR) has opened up new opportunities for its clients through enabling Online Statutory Payments (VAT, VDS, Duty) and Paperless Trade. HSBC, taking a lead in both forte, has played an instrumental role in
Tag: Bangladesh Bank
BB creates Tk 5000cr fund to boost food output
Default loans jumps 7.29pc in Sept qtr
Poor use of credit guarantee scheme irks BB: Less than 10pc of Tk 2000cr used
Bangladesh Bank's deputy governor Abu Farah Md. Nasser has said despite having a credit guarantee scheme of Tk 2000 crore for cottage, micro, small, and medium enterprises (CMSME), loans of only Tk 192 crore has been disbursed so far under the facility, which he said was "disappointing". He said proper
BB asks banks to provide Tk 107 per dollar in remittances
Bangladesh Bank has asked banks to provide Tk 107 against per US dollar inward remittance. A remitter will now get Tk 107 per dollar, even if they send remittance directly through banks.Currently, remitters are getting Tk 99.5 per dollar through the banking channel. Remittance flow through banks fell drastically in
Suspicious transactions up by 62.32pc in FY22: BFIU
Despite strengthening monitoring to stop money laundering, suspicious transaction teport (STR) has increased by 62.32 percent in the fiscal year 2021-22. According to a report of Bangladesh Financial Intelligent Unit (BFIU), a concern of Bangladesh bank, 8571 STR occurred in FY22; it was 5280 in FY21. In a fiscal year,
BRAC Bank extends financing support under SEIP
BRAC Bank has extended financing facilities to up-and-coming entrepreneurs who have been given extensive training under the Skills for Employment Investment Program (SEIP), a press release said Monday. SEIP is an entrepreneurship development initiative of Bangladesh Government and Asian Development Bank, coordinated by Bangladesh Bank. BRAC Bank is the first bank among
BB to go slow in following IMF to calculate forex reserves
The Bangladesh Bank has recently agreed to calculate foreign exchange reserves following the international standard as advised by the International Monetary Fund (IMF), but the process will be slow considering it as a national sensitive issue, an official said on Sunday. As per IMF suggestions, the central bank must follow the
IMF team begins talks with BB on $4.5 loan
Negotiators from the International Monetary Fund, now in Dhaka to discuss a $4.5 billion loan to Bangladesh, sat with Bangladesh Bank officials on the second day of their visit Thursday. The central bank governor Abdur Rouf Talukder opened the talks at 9:30 am at Bangladesh Bhaban. Deputy Governors Kazi Sayedur Rahman
Fund Embezzlement: HC seeks into on 5 accused BB deputy governors
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