Dhaka March 14, 2025, 7:28 pm
The Financial Institution Division under the Ministry of Finance issued three separate circulars announcing the appointments on Sunday
The gap between the buying and selling rates of the dollar against the Bangladesh currency will be a maximum of Tk 1.0
All kinds of initiatives were taken to collect information about money laundering from the country
The Bangladesh Bank on Jul 18 announced a new loan rescheduling policy after nine years to “reduce the pressure on the economy”
Banks can now establish drawing arrangements, an official channel to receive remittances, with exchange houses abroad without prior permission
The central bank issues the order for their involvement in raising the price of the US dollar
Economists and former NBR officials criticized the amnesty saying that money laundering and capital flight from Bangladesh would increase due to this
The project will further support to ensure that the urban areas remain prepared to any future shocks while benefitting the urban poor through job creation, better services, and infrastructure
Under the revised policy, all the scheduled banks have been instructed to classify the rescheduled loans as bad/loss category if the borrowers failed six monthly or two consecutive quarterly instalments
To bring flexibility in trade transactions, it has been decided that Authorized Dealers (ADs) may, on applications from exporters, retain the value-added portion of export proceeds in foreign exchange for a maximum period of
The aim of the programme is to promote financial inclusivity for women entrepreneurs in Bangladesh through the FEF initiative by supporting: financial literacy, networking, and financing
Mr Choudhury, Barrister-at-Law, joined AB Bank as a director in 2018
The Anti-Corruption Commission (ACC) filed the case against 17 people on charge of embezzling Tk 1.76 billion through fake work orders and illegal bank guarantees
The central bank also sent show-cause notices to 42 money changers for flouting its rules amid the global dollar crisis
Banks have disbursed Tk 147.46 billion against the target of Tk 193.40 billion for FY22, which is 73.77 percent of the target
Bangladesh Bank (BB) has increased and fixed the interest rate of non-resident foreign currency deposit (NFCD) accounts to encourage inward foreign currency
The disbursement target for the immediate past 2021-22 financial year (FY22) was Tk 0.28 trillion
Central bank asks NBFIs to trim electricity, fuel use by 25 per cent until further instruction
The banking sector is in a very fragile situation. This is the most fragile sector now in the country. It needs reform. It is terrible that the amount of looting, fraud and corruption have been happening in this sector
Banks have to reduce the consumption of gas and lubricant by 20 percent and electricity by 25 percent in the next one year starting from July this year
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