Md Mehedi Hasan

Those taken to the DGFI office said the day’s operations centred on one man: S Alam, a feared figure during the AL’s 2009–2024 rule due to his ties to Sheikh Hasina and her family

The Bangladesh Bank (BB) has decided in principle to reject a bid by former owners of troubled Social Islami Bank PLC to reclaim control, as the banking regulator moves ahead with the merger of five shariah-based banks, according to top BB officials.

Money launderers, scammers and wilful defaulters will not be eligible for a Tk 20,000 crore refinance fund being prepared by the central bank to restart fully or partially closed factories, according to Bangladesh Bank (BB) officials.

State-owned Janata Bank has issued an auction notice to sell the assets of Globe Janakantha, including the 15-storey Janakantha Bhaban in the capital, as it seeks to recover Tk 215 crore in defaulted loans

State-owned Janata Bank has issued an auction notice to sell the assets of Globe Janakantha, including the 15-storey Janakantha Bhaban in the capital, as it seeks to recover Tk 215 crore in defaulted loans.

The central bank is likely to introduce a Tk 15,000 crore to Tk 20,000 crore low-cost fund to help revive closed factories in the country.

More than half of the country’s scheduled banks will not be able to pay dividends this year, as rising bad loans and provisioning shortfalls continue to erode their financial strength.

Bangladesh’s economy is facing renewed pressure from global geopolitical tensions and commodity market disruptions, with risks of elevated inflation, slower growth and mounting fiscal strain, according to Eric Robertsen, global head of research and chief strategist at Standard Chartered.