Bangladesh Bank is planning on launching a digital bank with an AI-based credit rating system, as per Finance Minister AHM Mustafa Kamal in his latest proposal for the National Budget 2023-24. 

In 2019, when AHM Mustafa Kamal took charge as the finance minister, the Bangladesh economy was taxing for take-off for its long-haul flight to the developed country club.

Government must critically examine Moody's credit downgrade and respond properly

Banks in Bangladesh witnessed an accumulation of default loans by Tk 10,964 crore in the first three months of 2023, highlighting the worsening financial health of the banking sector, official figures showed.

No gratuity as well, Bangladesh Bank says today

The US dollar sold by the central bank has surpassed the $12-billion mark in the ongoing fiscal year as it has had to pump the American greenbacks into the market in order to clear import bills. 

They also have to display BB's hotline number of 16236

The central bank took the decision to comply with IMF's loan conditions

The Bangladesh Bank has decided to implement a market-based interest rate from July, moving away from the 9 per cent interest rate cap on loans, an initiative that may help the central bank uses its policy rates effectively in its fight against higher inflation.   

A single company can’t have more than one representative director in the board of a non-bank financial institution (NBFI), said the Bangladesh Bank yesterday. 

The effort will also help in ensuring efficient use of power and fuel, the Bangladesh Bank said

Bangladesh Bank says today

She will be second female deputy governor of the banking watchdog

The central bank has allowed banks to open foreign currency accounts in the names of shipping companies, airlines and freight forwarders to support their global operations.

According to the Gender Equality Report of Banks and Financial Institutions

Approval of draft Bank Company Act gives hope but enforcement is key

Prices of groceries which witness peak demand during Ramadan, the holy month of fasting for Muslims, have swelled significantly year-on-year owing to hikes in import and transportation costs alongside the value of dollar.

Foreign banks operating in Bangladesh registered an 8.57 per cent growth in deposits in the October-December quarter of 2022, the highest since 2018, as many savers shifted their funds from local banks amid a confidence crisis. 

Greening the economy is a prerequisite for attaining sustainable development goals (SDGs).

Russia has proposed a direct payment system bypassing the global standard SWIFT to settle the dues for Rooppur nuclear power plant as the Soviet nation looks to navigate the sanctions from the West following the Ukraine war.