On the second day of reopening following the fall of the Sheikh Hasina government, six top officials, including Deputy Governor Kazi Sayedur Rahman, resigned from the Bangladesh Bank on August 7. They... Read more »
Bangladesh’s net reserve now stands at $16 billion, surpassing the $14.7 billion target set by the International Monetary Fund (IMF) for June, as reported by Bangladesh Bank. As of June 30, the... Read more »
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The Bangladesh Bank (BB) has announced an extension for the payment period against imports of industrial raw materials from 180 to 360 days, a measure now set to remain in place until... Read more »
To ensure timely payment of salaries and bonuses to garment industry workers before Eid-ul-Azha, the branches of banks in key industrial areas will remain open on a limited basis on June 14,... Read more »
The Bangladesh Bank (BB) has issued new instructions to banks to submit data on willful defaulters to the Credit Information Bureau (CIB) database. This directive was issued on Tuesday, requiring immediate compliance... Read more »
The Bangladesh Bank (BB) has adjusted the dollar price to Tk117 from Tk110 by introducing the crawling peg exchange rate mechanism. Under this new approach, the bank will buy and sell dollars... Read more »
On Sunday (May 5), the Bangladesh Bank (BB) once again dissolved the board of directors of the National Bank. In a letter addressed to the managing director of the National Bank, the... Read more »
Prime Bank PLC has recently received Bancassurance Business commencement approval from Bangladesh Bank. Mohammad Shahriar Siddiqui, director, BRPD, Bangladesh Bank handed over the approval letter to Nazeem A Choudhury, deputy managing director... Read more »
The Bangladesh Bank has finally reinstated its loan classification rule of 2012 by cutting the overdue time of a term loan by three months in line with the international practice in response... Read more »
Cenbank Bangladesh Bank has announced the interest rate on bank loans for April based on the ‘Six-Month Moving Average Rate of Treasury Bills’ (SMART) system. The Banking Regulation and Policy Department of... Read more »