Beximco Ltd got its way, yet again. The central bank went out of its way to accept Beximco’s request for rescheduling demand loan of Tk 430.05 crore, and in so doing, created a moral hazard for the banking sector.

The Supreme Court stays till July 8 the High Court orders that halted Bangladesh Bank’s circular allowing defaulters to reschedule their loans with a repayment period of up to 10 years and get further loans.

The central bank yesterday injected Tk 2,300 crore into the money market to ease liquidity crunch in the banking sector amid the cash withdrawal spree in the lead up to Eid.

Bangladesh Bank (BB) has given approval for three new banks to be floated at a time when the banking sector is both saturated and stressed due to nonperforming loans (NPLs) reaching dangerous levels.

Sacked customs official Helaluddin used to identify himself as a social worker.

A court in the Philippines yesterday convicted a former branch manager at Manila-based Rizal Commercial Banking Corp (RCBC) of money laundering, in the first conviction over the Bangladesh Bank reserves heist in which $81 million was stolen nearly three years ago.

Bangladesh will sue the Federal Reserve Bank of New York over the money stolen during the 2016 cyber heist -- one of the biggest cyber crimes in the world -- Finance Minister AMA Muhith said yesterday.

Two things come easy in Bangladesh -- getting big bank loans and blissfully failing to repay. The money in the vaults seems to be the easiest prey today.

The Bangladesh Bank has published a report on the banking sector development over the last 10 years ahead of the national elections,

The Bangladesh Bank yesterday gave its final nod to a commercial bank and asked three others to produce documents required to obtain licences.

Bangladesh Bank has given AnonTex, which took more than Tk 5,500 crore from Janata Bank through serious irregularities, a controversial permission to take more loans from other state-owned banks as well, reschedule its loans and valuate its assets afresh to make it look like a healthy company.

Nonperforming loans (NPLs) jumped by Tk 15,037 crore in the last six months alone bringing the total amount to Tk 89,340 crore in June of this year. This shows just how little control Bangladesh Bank (BB) actually exercises over state-owned banks and their management.

Bangladesh Bank directs banks to keep their selective branches open on August 18 (Saturday), a public holiday, to facilitate payment of salaries, wages and festival allowances to garment workers ahead of Eid-ul-Azha.

Bangladesh Financial Intelligence Unit has detected cases of money laundering involving Tk 4,000 crore and is carrying out a thorough probe into it, Bangladesh Bank Deputy Governor Abu Hena Mohd Razee Hassan said yesterday.

Bangladesh Bank recorded some of the gold in its vault as low-grade ones although an investigation by the Customs Intelligence and Investigation Directorate (CIID) found that they were of superior quality.

State Minister for Finance and Planning MA Mannan yesterday claimed that all gold kept in the Bangladesh Bank's vault is secure.

The Bangladesh Bank has detected some gross violations in foreign exchange transactions that have raised concerns about money laundering.

Bangladesh Bank has made funds cheaper for all banks by reducing its repo rate by 75 basis points to 6 percent.

To prevent question leaks from marring the Higher Secondary Certificate (HSC) examinations, Bangladesh Bank orders for a close watch on mobile financial transactions.

Financial Integrity and Customer Services Department (FICSD) of Bangladesh Bank (BB) introduce mobile app to ease the procedure of filing compliant of clients.