BB to sprint from behind to touch finish line

It unveils monetary policy for H2 FY14 with a private credit growth target of 16.5% to stimulate domestic investment.

BB wants big borrowers to go stock market

'Most of the big businessmen are the owners of the banks. So some profits go through the bench'.

BB launches cost of funds index for FIs to ensure market discipline

The central bank has introduced the cost of funds index (CoFI) for non-banking financial institutions (NBFIs) aiming to ensure market discipline.

Imports grow 35pc, pressure on BoP

Bangladesh's imports stood at nearly $32 billion in fiscal 2010-11, up 35 percent year-on-year. Latest data showed imports grew in all major sectors from consumer items to intermediate goods, industrial raw materials, capital machinery and petroleum products.

BB suspends micro-credit programmes of 18 NGOs of Habiganj

The Bangladesh Bank has suspended the operation of micro-credit programmes of 18 Non-Government Organisations (NGOs) of the district on charges of irregularities.

Credit report goes online to streamline lending process

Bangladesh Bank (BB) today introduced online Credit Information Bureau (CIB) reports, upgrading the country's financial sector to the scale of developed world to ensure more transparency, accountability and efficiency in lending activities of banks and non-banking financial institutions.

Cash incentive rates for 19 export sectors announced

The Bangladesh Bank on Thursday announced rates of cash incentives for the country’s 19 major export sectors in the new fiscal year.

Taka continues to depreciate

Taka continued to depreciate in the past week on the foreign-exchange market, ramping up the already high rate of inflation and intensifying the pressure on the country’s balance of payments.

BB allows online payments abroad through credit cards

International credit cards can be used for online payments to abroad from Bangladesh for academic purposes, a Bangladesh Bank circular said on Thursday.

Corporate governance stressed to run banking

Former BB governor Dr Salehuddin Ahmed said corporate governance had a very important role in carrying out daily banking operations smoothly.

BB to provide online CIB reports from July 19

Bangladesh Bank (BB) will start providing online information of its Credit Information Bureau (CIB) reports to banks and non-banking financial institutions (NBFIs) from July 19, which will make faster the lending services and will eventually cut the cost of doing business.

Governor asks open help desk in all branches of Bangladesh Bank

Bangladesh Bank Governor Dr Atiur Rahman on Saturday asked all central bank branches across the country to set up ‘Help Desk’ for better service to the people.

BB to invite applications for new commercial banks

The central bank is going to start the process for issuing lincences for establishing new commercial banks in the country, officials said Tuesday

BB sounds BoP alarm bells

The Bangladesh Bank (BB) has sounded warning bells on the country's Balance of Payments (BoP) situation, which, it fears, might come under 'tremendous' pressure in the coming months if the current trend in import demand and growth of domestic credit persists.

Remittance touches record mark

The remittance inflow crossed the $11 billion mark in the last fiscal year, according to official data. Economists said the money sent by the expatriates played a major role in alleviating poverty

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