Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
Interest increased after Bangladesh Bank's new system for interest adjustment. Now, interest rates are rising on a monthly basis, increasing the pressure on businesses, entrepreneurs and other borrowers. Under the new system, the base rate of loan interest is determined based on the six-month moving average rate of treasury bills or the smart system.
The report said the total number of female employees in the banking sector at the end of 2023 was 33,346, while the number of male employees was 170,350. This means 16.37 percent of bankers are women, a figure barely changed from 16.29 percent registered in 2022 and 16.03 percent in 2021. Despite no significant change […]
The New York Supreme Court in the United States has greenlighted Bangladesh Bank's case against Philippines' Rizal Commercial Banking Corp (RCBC) in connection with an $81 million cyber heist in 2016. Now, RCBC is studying its next steps, reports Inquirer.net, a local news outlet in the Philippines. Rizal Bank said it received a judgment from […]
The preliminary examination (MCQ) for 2,775 vacancies in ten banks or financial institutions will be held on Friday, March 8, the notice said. The examination will be conducted on that day from 10:00 am to 11:00 am at different centers of the two municipal corporations of Dhaka. Candidates will have to participate in an hour […]
According to monthly data from Bangladesh Bank, customers withdrew about Tk 65 billion in December 2023, thus taking the cash outside banks to about Tk 2.55 trillion at the end of December. Bankers said cash transactions increased in December ahead of national elections in January. Apart from this, due to inflation people are also spending […]
Bangladesh Bank claimed that if loans outstanding for two years are waived off, the total defaulted loans will come down to Taka 430 billion, which is 2.76 percent of the total loans outstanding in the banking sector. The central bank aims to reduce total outstanding loans to 8 percent of all outstanding loans within 2026. […]
These contradictory statements were put forward in a seminar titled ‘A holistic assessment of Bangladesh’s economy in six months from the private sector perspective’. Dhaka Chamber of Commerce and Industries (DCCI) organized the seminar at its Motijheel office. Advisor to the Prime Minister on Economic Affairs Mashiur Rehman was the chief guest at the event […]
prothom hello , Even government policy makers admit that the economy is in trouble. But do you see any effective action plan to deal with the crisis? If not, what do you recommend? Salehuddin Ahmed: First of all, policy makers and government officials should pay proper attention to this issue. In many cases they ignore […]
Under this deal, banks will get immediate money in exchange for surplus dollars. Then, upon returning the money after the specified time, commercial banks will receive the dollar equivalent amount from Bangladesh Bank. According to relevant sources, currently commercial banks exchange dollars and money with each other for their needs. Now the swap facility with […]
It should be ascertained whether the independent directors hold shares in the concerned bank, as well as whether they have had any interest with the bank at present or in the past. No alternate director can be appointed for a maximum of three consecutive months in a year and a person with bank debt is […]
Bangladesh Bank has canceled the transfer of funds from normal banking channels to offshore units and asked banks to bring back the funds already transferred within the current year. In such a backdrop, banks can no longer use dollars borrowed from various foreign banks. The new system will allow them to deposit dollars with the […]
Bangladesh Bank has outlined three primary goals as part of its roadmap for banking sector reforms: 1. To reduce the overall non-performing loans (NPL) of banks to 8 percent, from just over 10 percent currently. is less. 2. Reducing NPLs of state-owned banks to 10 per cent and NPLs of private banks to 5 per […]
Under the PCA framework, banks are required to complete a schedule of corrective actions as directed by the BB based on selected parameter indicators i.e. Capital to Risk-weighted Assets Ratio (CRAR), Tier 1 Capital Ratio, Common Equity Tier 1 (CET 1) . Ratio, Net Non-Performing Loans (NPL) and Corporate Governance. A bank that continues to […]
The Criminal Investigation Department (CID) has identified the negligence and carelessness of 12 top officials, including the then Governor, in the Bangladesh Bank reserve robbery case. The investigation into the case registered regarding the incident has not been completed yet. However, the CID said that the investigation is in the final stages. Hackers stole $81 […]
