BB

Allow review plea of Farmers Bank, SC asks BB

The Supreme Court today directed Bangladesh Bank to allow Farmers Bank to seek review of the central bank’s order that fined the bank Tk 10 lakh for concealing information.

BB, 6 more banks agreed to back WB task

Bangladesh Bank (BB) signed separate agreements with six more private banks on Wednesday to facilitate long-term financing under the World Bank funded Financial Sector Support Project (FSSP).

BB launches RTGS for instant fund transfer

Bangladesh Bank (BB) launched Real Time Gross Settlement (RTGS) with 55 banks today.

BB launches RTGS for instant fund transfer

Bangladesh Bank (BB) launched Real Time Gross Settlement (RTGS) with 55 banks today.

BB for stepping up operations against fake notes

Bangladesh Bank (BB) today requested the law enforcement forces, including the intelligence agencies, to intensify their operations against those involved in manufacturing and distribution of fake notes ahead of Eid-ul-Fitr.

BB asks all schedule banks to open agri credit cells

Bangladesh Bank has instructed all scheduled banks to open separate agriculture credit divisions or cells to give more attention to the sector

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.

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