Bangladesh Bank

BB plans easy access to bank loans for entrepreneurs in IT: Dr Atiur

Bangladesh Bank Governor Dr Atiur Rahman today said the central bank is contemplating easy access to bank loans for creative entrepreneurs in the IT and renewable energy sectors.

Bangladesh Bank board opposes plan to open new banks

The board of directors of the central bank has opposed a government plan to allow more banks and financial institutions to come on the scene, saying the country does not require any new player in its financial regime.

BB opens up online money transfer, partly

The central bank has partly freed up foreign exchange transactions by approving online transfer of funds for academic purposes by credit card.

PCBs advised to help rescue sick industries

Bangladesh Bank (BB) today advised all private commercial banks (PCBs) to allow sick industries in apparel sector reschedule their outstanding loans with an 8 percent down payment.

BB gets Abul Kashem as its 4th deputy governor

The government has appointed M Abul Kashem as the fourth deputy governor of Bangladesh Bank, who was a former executive director of the central bank.

Three state-owned banks get Tk 11.39b to raise capital

BB support to enhance base as per Basel II
The government has disbursed about Tk 11.39 billion to three state-owned commercial banks to enhance their capital base as per the Basel II requirement.

Atiur reaffirms global forum of high growth prospect

Bangladesh Bank Governor Dr Atiur Rahman reaffirmed a global forum of high growth prospect of Bangladesh, driven mainly by bouncing agriculture output, robust export growth and steady service sector.

BB allows net inter-bank surplus deposit for CDR calculation

The central bank has allowed net inter-bank surplus deposit for calculating credit-deposit ratio (CDR) of the commercial banks, officials said Monday

Bangladesh Bank asks govt to curb bank borrowing

The central bank has warned of a "crowding-out effect" in the private sector as the government borrowing from the banking system is on the rise.

Govt plans taskforce to ride out BoP problems

The government has planned to form a taskforce to settle disputes in external trade and expedite repatriation of billions of dollars of export earnings in an effort to bolster the country's shaky balance of payments.

Top defaulters escape grip

State-owned banks could recover only 2.31 percent loan of their target from top 20 defaulters in the first quarter this year, while the recovery rate was 22 percent from other defaulters.

BB redefines SME; includes micro, cottage industries

Bangladesh Bank has redefined small and medium enterprises in line with the Industrial Policy 2010 and brought two new entities micro and cottage industries under its SME credit policy and programmes.

BB for expeditious execution of donor-funded projects

Reducing govt's dependency on bank borrowing aimed at

The central bank has suggested the government to reduce dependency on bank borrowing by speeding up the implementation of donor-funded projects, sources said.

Intelligence report detects reasons for Taka devaluation against dollar

An intelligence report has identified large-scale money siphoning, lack of Ad Confirmation in repatriating export earnings, trade deficit and lower amount of foreign aid as some of the major reasons for devaluation of Bangladesh currency against US dollar.

BB to include other banks' deposits for calculating CDR

Commercial banks will able to lend more as the central bank has decided to include other banks' deposits for the calculation of credit-deposit ratio.

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