Previously, the limit was Tk 10 crore, with most cases requiring prior approval

The four are: National Bank, Al-Arafah Islami Bank, Premier Bank, and IFIC Bank

The Bangladesh Bank (BB) has introduced a forward-looking framework requiring banks to anticipate credit losses, rather than wait for borrowers to default

Eight leading economists meet with Bangladesh Bank governor

Banks can now rent office space for branches and other business centres without prior approval from the central bank, provided the rent remains within a maximum limit.

Md Ahsan Ullah, adviser to the Bangladesh Bank governor, has resigned from his post, citing discomfort following an incident of a “mobocratic nature” at the central bank headquarters.

The central bank also withdraws prior approval requirement

He submitted his resignation to the new BB Governor, Md Mostaqur Rahman, yesterday

They may aid businesses, but can push up bad loans too

The committee postpones today’s scheduled meeting

Banks must initiate the renewal process at least two months before a loan’s expiry

Many expected Dr Ahsan H Mansur to complete his full term, till August 2028.

The removal of Ahsan H Mansur as Bangladesh Bank (BB) governor has been an entirely avoidable drama.

The removal of Bangladesh Bank Governor Ahsan H Mansur, widely credited with steadying an economy that was on the brink of potential collapse, has been described by many as nothing short of a blunder by the new government.

A review of 18 countries shows most central bank governors are career economists or regulators

A hasty exit for the central bank governor raises questions about its independence under the new govt

Analysts caution that the move sends troubling signals about institutional stability

The garment entrepreneur by profession will hold the post for the next four years

The incident occurred around 3pm, when a group of central bank officials gathered and escorted him out of the building

The government cancelled the remaining term of Ahsan H Mansur, the outgoing governor