Bangladesh Bank issues a new directive today

The increase will raise the total number of authorised ordinary shares from 200 crore to 300 crore

The private commercial lender’s customer deposits rose 25 percent and loan disbursement grew 18 percent

Bangladesh’s banking sector is facing a severe crisis of confidence, marked by liquidity shortages, delayed deposit repayments, restrictions on encashing matured deposit pension scheme (DPS) and fixed deposit receipt (FDR) accounts, and forced reinvestment

Hossain was appointed chief economist of Bangladesh Bank on a two-year contractual basis on July 1 last year. His tenure was therefore scheduled to run until June 30, 2027

Trade deals that secure preferential market access will become increasingly important for Bangladesh as it prepares to graduate from least developed country (LDC) status amid a tougher global trade environment, said a senior HSBC official

Islami Bank acting Managing Director Md Altaf Hossain said, “There is no provision in the bank to directly file a complaint with the ACC. If we file any case, we do so through the court.”

Bangladesh Bank (BB) is considering a scheme to provide young entrepreneurs with collateral-free loans of up to Tk 10 lakh at a concessional interest rate of 4 percent to 6 percent, with grants for those who repay their loans on time.

The move effectively allows Bangladesh Bank to continue running a bank through an appointed administrator beyond two years if circumstances warrant

The move effectively allows Bangladesh Bank to continue running a bank through an appointed administrator beyond two years if circumstances warrant

Under the incentive scheme, acquiring institutions will receive 0.10 percent of the transaction value, while issuing institutions will receive 0.20 percent, subject to certain conditions

Draft change repeals Section 18a of the Bank Resolution Act, subject to legislative vetting

Through the latest circular, the central bank has also cancelled its July 1 decision to set the minimum merchant discount rate (MDR) at 1 percent

The BB appointed administrators after dissolving the boards of directors of these NBFIs and declaring the posts of managing directors vacant

Depositors to get priority in repayment

Claims for torn, damp or pest-damaged notes can be filed directly with the central bank or through a scheduled bank

Borrowers to repay within 30 days; banks may charge service fee

The rules apply to scheduled banks, including digital banks, and finance companies undergoing immediate corrective measures or the resolution process

The central bank's latest data showed that only Cambodia performed slightly better, with its currency weakening by 0.44 percent during the period

Taxpayers filing their returns between July 1 and September 30 will qualify for a tax rebate of 5 percent of the tax payable, up to a maximum of Tk 25,000