Md Mehedi Hasan

The reviews, initiated in January with backing from the ADB, expose deep-seated financial mismanagement at those banks

After years of depreciation that saw the taka lose nearly 30 percent of its value against the US dollar since the Covid-19 pandemic, the local currency is finally showing signs of strength.

Local currency taka has started to gain strength against the US dollar for the first time in several years, as a steady inflow of foreign currency drives down the official exchange rate.

As of December last year, they disbursed Tk 25,808 crore in loans against collateral worth Tk 6,899 crore, according to the BB report

Unfortunately, much of our development narrative is undermined by corruption, nepotism, lack of law enforcement, and policy inconsistency.

Bangladesh Bank (BB) Governor Ahsan H Mansur said the Directorate of Posts, which owns mobile financial service provider Nagad, does not have the capacity to run it efficiently, making it necessary to bring in new investors.

The Bangladesh Bank (BB) is unlikely to reduce the policy or repo rate for the second half of this year as inflation continues to remain stubbornly high, according to the central bank governor.

The interim government is set to amend the Bank Company Act by reducing the board members from a single family, the BB governor tells The Daily Star

Dhaka Bank has weathered many highs and lows since its inception, and its founding Chairman Abdul Hai Sarker credits the lender’s resilience to a foundation built on good intentions..In an interview with The Daily Star ahead of the bank’s 30th anniversary tomorrow, Sarker said the focus is

The banking regulator is expected to soon introduce new regulations to ensure transparency and discipline in the issuance of e-money and tackle fraud using virtual money, according to officials familiar with the matter.

The interim government is formulating a distressed asset management ordinance that could pave the way for a state-owned corporation to buy and trade troubled assets from banks and non-bank financial institutions (NBFIs).

Just ten banks, both state-owned and private, account for 71 percent of all non-performing loans (NPLs) in the country’s banking sector.

Bangladesh's banking provision shortfall soared six-fold to Tk 170,655 crore, due to soaring bad loans

Bad loans in Bangladesh’s banking sector hit a record Tk 420,335 crore at the end of March as a clearer picture of the toxic loan is coming to light following the political changeover in August last year.

Around a dozen banks are currently struggling to repay depositors, eroding public trust

The banking sector is currently going through one of its worst times. People are suffering, with some even failing to withdraw their own money, causing immense distress.

The discord became apparent after Faiz Ahmed Taiyeb, special assistant to the chief adviser with authority over the Ministry of Posts, Telecommunications and IT, sent a letter to the BB governor on May 12 and posted the letter to his Facebook account recently

Bangladesh Bank has recently discovered through a probe that the joint director of its Rajshahi office, who has been serving the central bank for 12 years under the name of Md Abdul Waresh Ansary, is actually an imposter.

Despite repeated appeals from bank directors and top executives over the past month, the central bank held firm.

The interim government expects the country’s gross foreign exchange reserves to rise to $34.4 billion by the end of the fiscal year (FY) 2025–26, buoyed by strong remittance inflows, export performance, and budgetary support from development partners.