The problem was there for the last couple of days, today it became acute

The central bank today instructed banks to bring down the number of directors from the same family to three in line with the Bank Company (Amendment) Act 2023 within the shortest possible time.

The loans can be repaid in 10 years with one-year of grace period

Bangladesh Bank says in a notice

So much for restoring good governance and holding bank ‘looters’ accountable

Borrowers can repay 50% of demand loans payable for Apr-Jun

Bangladesh Bank today relaxed rules regarding financing availed by commercial importers to cater to cottage, micro, small and medium enterprises (SMEs)

On the surface, the monetary policy appears to be tuned to the need of the hour: bring down inflation and conserve reserves. But it comes caving down on careful reading.

Bangladesh Bank projects

Bangladesh Bank says

The Bangladesh Bank has decided to increase the policy rate

The Bangladesh Bank may today raise its key interest rates to tame inflationary pressure but the attempt might go in vain since the monetary authority may not withdraw the interest rate cap on loans in a true sense. 

New applicants should have Tk 500 crore paid-up capital, up from existing Tk 400 crore

The Bangladesh Bank yesterday approved the guideline on digital banks, paving the way for establishing branchless banking operations, a development that is expected to accelerate cashless transactions and digital transformation.

Interested investors should have a paid-up capital of Tk 125 crore

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