Md Mehedi Hasan

Defaulted loans in the banking sector fell to around 31 percent at the end of last year, down from around 36 percent three months earlier, following large-scale loan rescheduling under a special policy support of the central bank.

Defaulted loans in the banking sector fell to around 31 percent at the end of last year, down from around 36 percent three months earlier, following large-scale loan rescheduling under a special policy support of the central bank.

All of a sudden, on Wednesday afternoon, the BNP-led new government cancelled the contract of Ahsan H Mansur as governor of the Bangladesh Bank and, at the same time, appointed Md Mostaqur Rahman, a businessman from the garment industry, as the new governor.

During the 18 months of the interim government, his reform efforts were widely known

In a stunning development that roiled the financial sector, the government yesterday removed Bangladesh Bank Governor Ahsan H Mansur, replacing him with a corporate accountant who owns a garment company.

MTB approved Hera Sweaters a 10-year repayment facility with a 2-year grace period

The government’s abrupt cancellation of Ahsan H Mansur’s appointment as governor of Bangladesh Bank (BB) yesterday has drawn sharp criticism from stakeholders, including economists and bankers.

Analysts caution that the move sends troubling signals about institutional stability