- March 18, 2018
The increase in default loans is a matter of concern for the banking sector and the economy, ex-BB governor Salehuddin Ahmed says
The note will be available from Bangladesh Bank’s Motijheel office at Tk70
The information comes from the latest report by Bangladesh Bank
Defaulted loans rose to Tk74,303 crore in 2017 from Tk62,172 crore in 2016– a year-on-year rise of Tk12,131 crore or 19.5%
A total of around Tk8,060 crore was invested on savings certificate in January, 2018, said Bangladesh Bank’s updated report
Daisaku underlined the need for consolidating the financial sector through the development of the country’s stock market and banking sector
Jamal will remain in the post till June 30, 2023
She will be the first woman to head any state-owned bank
Three other private banks are also facing the capital crisis as per the data collected on September 30, 2017
The Financial Institutions Division has nominated the former bureaucrat for the post
The instruction will come into effect on July 1
According to the Bangladesh Bank data, the surplus money has been channeled through the private commercial banks and they are now running out of money for lending
The finance minister urged bank officials to scrutinize project proposal thoroughly
Experts and bankers have heavily criticized Bangladesh Bank, the central bank and apex regulatory body for the country’s monetary and financial system, and the government for bailing out the Farmers Bank Ltd.
University Grant Commission Professor of Economics Dr Muinul Islam has been slated to receive the second highest civilian award in Bangladesh, Ekushey Padak 2018, for his contributions to the country’s economy. In an exclusive interview with the Dhaka Tribune’s Shariful Islam, the Chittagong University professor and former director general of Bangladesh Institute of Bank Management discusses how political corruption is the main reason for the dire condition of the country’s banking sector.
‘Buying shares of Farmers Bank with the state fund will not be a wise decision. It is very risky investment’
‘Board members and high officials of the state owned organization are heavily opposing investing in troubled banks, as they think the banks might not be able to repay’
‘We will not allow them to continue to malign RCBC. Various reports, including their own, indicate an inside job,’ reads a statement issued by the Filipino bank on Thursday.
On February 4, 2016, unidentified hackers stole a total of $101 million from Bangladesh Bank’s account
In light of the attack, questions have been raised over whether the banking sector of Bangladesh can deal with another cyber assault in the future