Dhaka, July 7 -- Bangladesh Bank has suspended a section of the Bank Company Act for a year only to allow letter of credit (LC) opening in favour of a defaulter company. The BB move has taken many by ... Read More
Dhaka, June 30 -- Bangladesh Bank continues its contractionary monetary-policy stance with the existing elevated policy rate unchanged to curb inflationary burden though some of its recent decisions r... Read More
Dhaka, June 24 -- After a downturn, inflation-fueling high-powered money has surged again, largely negating the effect of a contractionary policy pursued by the regulator to stem price rises. The mon... Read More
Dhaka, June 16 -- Offshore-banking operations face setbacks following regulatory instructions downsizing the cost-ceiling rate on foreign-currency lending to businesses that dents profitability of com... Read More
Dhaka, June 2 -- Extensive policy support and partial writeoff facility prove ineffective as the volume of classified loans in Bangladesh's banking sector makes a quantum leap again by around Tk 315 b... Read More
Dhaka, May 19 -- Formal credit growth for private sector plummeted to a historical low of 4.72 per cent as per latest data available up to March, indicating holdback in economic pickup for multiple ad... Read More
Dhaka, May 8 -- The widely-discussed Bangladesh Startup Investment Company (BSIC), owned by 39 commercial banks, will officially be launched on Tuesday next with no concrete decision over the use of f... Read More
Dhaka, April 27 -- A reversal of the five Islamic bank merger begins as former shareholders of Social Islami Bank Ltd officially appeal for regaining the troubled bank's conditional control through a ... Read More
Dhaka, April 21 -- Commercial banks' borrowing appetite continues to fall amid a squeeze in credit demand in the face of persisting economic sluggishness in recent months. Apart from the private sect... Read More