Bangladesh Bank (BB) has curtailed the powers of the banks' board of directors to waive interest on loans without consultations with the relevant departments, while allowing mobile financial service (MFS) providers to repatriate export income and inward remittances. The central bank's directive came through two circulars issued separately by the
Tag: BB
Bank accounts with Tk 1cr and above now 1,08,457: BB
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
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
bKash honoured by BB, DNCC
Bangladesh Bank (BB) and Dhaka North City Corporation (DNCC) have honored bKash for contribution as payment partner to the ‘Smart Bangladesh, Smart Haat’ during Eid-ul-Azha in six cattle markets of DNCC area, a press release said Thursday. DNCC Mayor Atiqul Islam handed over a crest to Major General Sheikh Md.
Banks miss disbursement target for CMSMEs stimulus loans
Despite the central bank's priority, banks have failed to achieve the stimulus loans (phase-2) disbursement target among cottage, micro, small and medium entrepreneurs (CMSMEs). According to the latest report of BB, banks have disbursed Tk14,746 crore against the target of Tk 19,340 crore for FY22, which is 73.77 per cent
BB raises agri-lending target by 8.88pc
Bangladesh Bank (BB) has raised the agriculture and rural loan disbursement target by 8.88 percent to Tk 30,911 crore for the current 2022-23 financial year (FY23). The disbursement target for the immediate past 2021-22 fiscal year (FY22) was Tk 28,391 crore, said a BB press release issued Thursday. Considering the increased demand
BB raises interest rate on borrowing from EDF
Manila court dismisses RCBC defamation case against BB
A Philippines court has dismissed a defamation case filed by Rizal Commercial Banking Corp (RCBC) against Bangladesh Bank for linking it to the biggest cyber heist in the world. The Philippines court dismissed the case on Jun 30 and Bangladesh Bank received the documents on Wednesday, said Bangladesh Bank Executive Director
National Bank gets BB’s sustainability rating award
National Bank Limited has received a certificate of ‘Sustainability Rating Recognition 2020’ at the head office of Bangladesh Bank on June 30, 2022, a press release said Thursday. Fazle Kabir, Governor, Bangladesh Bank handed over the certificate to Mehmood Husain, MD and CEO of the bank. The award is for