Banks’ financing to the agriculture sector soared 13 per cent year-on-year to Tk 28,391 crore in the fiscal year 2021-22, exceeding their targets set by Bangladesh Bank.

The Bangladesh Bank today asked banks not to purchase any vehicle in the next one year as part of the government’s efforts to cut import payments to tackle the ongoing forex volatility.

A little-known firm named SB Exim allegedly swindled Tk 200 crore from Bangladesh Commerce Bank Ltd (BCBL) using forged documents in the name of exporting terracotta tiles in 2018. 

The Bangladesh Bank yesterday asked banks to encash the term deposits of exporters’ retention quota (ERQ) balances.

The Bangladesh Bank today asked banks to encash the term deposits of exporters’ retention quota (ERQ) balances.

The exchange rate of the US dollar against the taka today hit a record of Tk 112 in the country’s kerb market.

The Bangladesh Bank today set a target for banks to cut their electricity and energy consumption for the next one year in keeping with the government’s move aimed at saving power amid deepening energy and foreign exchange crises.

The City Bank Ltd posted a slightly higher profit in the second quarter of 2022. 

Brac Bank yesterday announced a partnership with TerraPay to enable non-resident Bangladeshis abroad to send funds to Bangladesh in real time. 

The Bangladesh Bank today asked banks to provide clients with required financial services related to the investment of savings bonds and instruments as fast as possible.

The Bangladesh Bank yesterday extended the increased borrowing limit from the Export Development Fund (EDF) for textile millers and garment makers to December 31 this year. 

Bangladesh Bank yesterday substantially relaxed the policy for rescheduling defaulted loans, allowing defaulters to repay term loans over a maximum period of eight years whereas it was previously two years.

The Bangladesh Bank today relaxed the policy for loan rescheduling of defaulted loans grossly, as the defaulters will now get a maximum of eight years to repay term loans instead of the previous two years.

Bangladesh Bank yesterday withdrew the interest rate ceiling on non-resident foreign currency deposits in order to increase supply of the US dollar and arrest the ongoing volatility in the foreign exchange market. 

Under this contract, RedDot Digital will provide managed data centre colocation facility for StanChart’s disaster recovery site.

The Bangladesh Bank has allowed, for the first time, the domestic banks to borrow from their offshore banking operations, to settle the import payments of capital machinery, industrial raw materials and imports made by the government.

Bangladesh Bank has asked banks to encash 50 per cent of the balance held in exporters’ retention quota (ERQ) accounts immediately and revised downwards the limit.

The exchange rate of the taka stood at Tk 93.95 per dollar today in contrast to Tk 92.45 on Tuesday.

International cards, both debit and prepaid, can be used for online payments of visa processing fees, said the Bangladesh Bank today, as it moves to facilitate smooth transactions

Abdur Rouf Talukder, new governor of Bangladesh Bank, today said containing inflation would be his top priority.