Bangladesh Bank

September 13, 2019
September 13, 2019

BB caves in to Beximco again

Beximco Ltd got its way, yet again. The central bank went out of its way to accept Beximco’s request for rescheduling demand loan of Tk 430.05 crore, and in so doing, created a moral hazard for the...

July 2, 2019
July 2, 2019

SC stays HC order on halting privilege for loan defaulters

The Supreme Court stays till July 8 the High Court orders that halted Bangladesh Bank’s circular allowing defaulters to reschedule their loans with a repayment period of up to 10 years and get...

May 31, 2019
May 31, 2019

BB steps in to ease Eid liquidity crunch

The central bank yesterday injected Tk 2,300 crore into the money market to ease liquidity crunch in the banking sector amid the cash withdrawal spree in the lead up to Eid.

February 20, 2019
February 20, 2019

New banks to join saturated market

Bangladesh Bank (BB) has given approval for three new banks to be floated at a time when the banking sector is both saturated and stressed due to nonperforming loans (NPLs) reaching dangerous levels.

January 16, 2019
January 16, 2019

Charity swindlers caught

Sacked customs official Helaluddin used to identify himself as a social worker.

January 11, 2019
January 11, 2019

BB Heist: First conviction, after 3 years

A court in the Philippines yesterday convicted a former branch manager at Manila-based Rizal Commercial Banking Corp (RCBC) of money laundering, in the first conviction over the Bangladesh Bank...

December 6, 2018
December 6, 2018

$101M BB Heist: Dhaka to claim damages from Fed by Jan 15

Bangladesh will sue the Federal Reserve Bank of New York over the money stolen during the 2016 cyber heist -- one of the biggest cyber crimes in the world -- Finance Minister AMA Muhith said...

November 29, 2018
November 29, 2018

Who is BB fooling?

Two things come easy in Bangladesh -- getting big bank loans and blissfully failing to repay. The money in the vaults seems to be the easiest prey today.

November 26, 2018
November 26, 2018

Scams, failures skipped, dev highlighted

The Bangladesh Bank has published a report on the banking sector development over the last 10 years ahead of the national elections,

October 30, 2018
October 30, 2018

BB approves Community Bank

The Bangladesh Bank yesterday gave its final nod to a commercial bank and asked three others to produce documents required to obtain licences.