Bangladesh Bank has recognized BRAC Bank for its outstanding role in execution of the first phase of Covid-19 CMSME Stimulus Package in FY 2020-2021. Bangladesh Bank Governor Fazle Kabir handed over a certificate of acknowledgement to BRAC Bank’s Deputy Managing Director and Chief Operating Officer Md. Sabbir Hossain at a programme
Tag: BB
BB asked to transfer foreign exchange reserve from US soon
Authorities have been asked to deposit Bangladesh’s foreign exchange reserve with banks other than America’s to avoid possible US sanctions in the near future. A legal notice has been served, in this regard, upon the government bodies concerned. It demanded that all necessary steps be taken to secure the reserve money
General provisioning limit for banks raised
All the scheduled banks will have to keep additional 2.0 per cent special general provisioning instead of 1.0 per cent earlier against loans, which have enjoyed latest policy support of the central bank, officials said. The banks are allowed to transfer interest earnings from such loans in their income accounts, according
BB forms body to probe unregistered financial institutions
The Bangladesh Bank (BB) authorities have formed a special committee to probe into the illegal financial transactions of unauthorised and unregistered financial institutions and as well as the microcredit financial institutions of the country. Kazi Sayedur Rahman, Deputy Governor of the Bangladesh Bank, has been made the Chairman of the seven-member
Bangladesh Bank opens new financing window for ‘no-frills
The central bank decides to introduce a new and unique component under an existing credit-guarantee scheme (CGS) for banks to lend to the minnows, nicknamed 'no-frills' accountholders, as per government policy for financial inclusion. A proposal to this effect was approved at a board-of-directors meeting of the Bangladesh Bank Thursday, against
BB extends low-income group’s lending scheme tenure
The Bangladesh Bank has extended the tenure of the Tk 30-billion revolving refinance scheme for low-income people, farmers and marginal or small businesses to borrow low-cost funds by another year to June 30, 2023. Loans under the scheme will be disbursed through non-governmental organizations-microfinance institutions (NGO-MFIs) operations, according to a Bangladesh
BB tops in cyber drill, bKash secures 2nd position
Bangladesh Bank has topped the Cyber Drill 2021 while bKash has secured the 2nd position in the event organized for enhancing cyber incident handling capacity of the financial institutions. A total of 38 financial institutions attended the Cyber Drill 2021 organized by Bangladesh Government's e-Government Computer Incident Response Team (BGD e-GOV
BB, SJIBL sign participation deal on technology development fund
Bangladesh Bank and ShahjalalIslami Bank Ltd. sign participation deal on technology development and up-gradation fund on October 11, 2021 at Bangladesh Bank. KhondkarMorshedMillat, General Manager of Sustainable Finance Department from Bangladesh Bank and Mohammed AshfaqulHoque, Head of Sustainable Finance Unit from ShahjalalIslami Bank Limited signed on the agreement on behalf of
Premier Bank, BB sign deal to renovate existing cinema halls
Premier Bank Limited has signed a participation agreement with Bangladesh Bank recently at the department of off-site supervision, Bangladesh Bank for Refinance Scheme to the cinema hall owners for renovation and modernization of existing cinema halls and construction of new cinema halls, a press release said. Md. Anwarul Islam, General Manager;
