Dollar, Taka crisis eases slightly
No one takes responsibility for the failure in Bangladesh and the finance sector regulators are also no exception to this, but this failure has now brought a threat to the entire financial sector. The condition of many banks is now so bad that Bangladesh Bank has appointed its officials as supervisors and coordinators. There are […]
Bangladesh Bank spokesperson Mazbaul Haq said the two banks have signed an agreement for the merger. They will submit further applications. After their proposal is approved, Bangladesh Bank will review it. Then they will be approved for merger. When permission is granted to launch the new bank, Padma Bank will be dissolved. He said that […]
The central bank mentioned in the notification that if willful defaulters are identified and appropriate steps are taken against them, it will be possible to maintain credit discipline and enhance efficiency and capacity in the banking sector, as well as prevent defaults. It will also be possible to reduce the debts incurred. , It further […]
Central bank spokesperson Mazbaul Haq told a media conference on Tuesday that rules will be made on the methodology and procedure banks will have to follow for mergers, following global practices. This conference was called because various speculations had become widespread regarding the merger of weak banks and their better performing banks. Mazbaul Haq said […]
Member of Parliament AK Azad has commented that Bangladesh Bank does not have enough power to regulate the banking sector. He said that a business group had borrowed Tk 12 billion from a bank but Bangladesh Bank was not aware of it. AK Azad, former president of the Federation of Bangladesh Chambers of Commerce and […]
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 […]
Introducing the bill, the Finance Minister said that according to the proposed law, non-resident individuals or foreign companies who will invest in Bangladesh can open offshore bank accounts. “Offshore banking requires a license from Bangladesh Bank,” he said. Offshore banking operations can be conducted with five currencies – the US dollar, pound, euro, Japanese yen […]
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. […]
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 […]