Bank

Banking System
Logo of Bangladesh Bank

Dollar manipulation MDs of 6 banks exonerated, treasury chiefs to be reinstated

The Bangladesh Bank has exonerated managing directors (MD) of six banks who were accused of dollar price manipulation. Also the BB allowed reinstating treasury chiefs of the banks who were removed ...

ADB

Bangladesh, ADB agree to end projects timely to expedite economic recovery

The government of Bangladesh and the Asian Development Bank (ADB) at a tripartite portfolio review meeting (TPRM) Thursday discussed and agreed on actions to further improve the implementation of ...

US dollar

Inward remittance Bank to buy dollars at maximum Tk 108

All banks will purchase dollars from expatriates at maximum Tk 108 per dollar while Tk 99 in cashing export revenue and Tk 104.50 in settling the import letter of credit

Standard Chartered.

Int'l trade Many foreign banks turning away

Many foreign banks have stopped renewing the credit facilities of the local banks while some are not even allowing using the credit line approved by them, resulting in causing problems to some ...

Indian rupee

India central bank chief expects inflation to ease to 5 per cent by spring

Inflation has remained above RBI's 2 to 6 per cent tolerance band for several months, with consumer inflation at 6.71 per cent in July

The High Court building.

Seeking info from Swiss banks HC summons BFIU chief Masud Biswas

The High Court on Tuesday summoned the Bangladesh Financial Intelligence Unit chief Masud Biswas over lack of information in some of the documents presented before it

Remittance

Expats remit $1.73b in 1-25 August

Expatriates have remitted $1.73 billion or approximately Tk 163.40 billion from 1 to 25 of August, according to the latest data of Bangladesh Bank

Photo shows customers receiving services at a bank.

Bank transaction between 9:00am and 3:00pm from Wednesday

Transactions in the bank will be available from 9:00am to 3:00pm from Wednesday while the office hours of the bankers from 9:00am to 5:00pm

Photo shows customers receiving services at a bank.

Austerity measures Banking hours to be 9am-4pm

The Cabinet has fixed office hours for all banks from 9:00am to 4:00pm, effective from Wednesday (24 August) as part of the government’s austerity measures to save power amidst the existing fuel oil ...

Wahiduddin Mahmud

Interview: Wahiduddin Mahmud ‘We will have to bear hardship for next couple of years’

In an interview with Prothom Alo, economist and former caretaker government advisor for finance, Wahiduddin Mahmud speaks about various aspects of the ongoing economic crisis, how it came about and ...

Swiss ambassador Nathalie Chuard has said that the Bangladesh government has not yet approached the Swiss banks or the concerned authorities through any official process for any sort of information.

Swiss bank information and people’s assessment of the ‘truth’

Switzerland’s ambassador to Bangladesh, Nathalie Chuard, said in no uncertain terms, there are allegations that most of the money deposited by Bangladeshis in the various Swiss banks has been earned ...

Logo of Bangladesh Bank

Dollar price manipulation BB issues show-cause notice to six bank MDs

Earlier, the treasury chiefs of these banks were removed

Bangladesh Bank headquarters

Default loans surge to record Tk 1.25 trillion: Bangladesh Bank

In reality, the amount of defaulted loan is much more than Tk 1.25 trillion as some information is not added here, said economic analyst and former caretaker government advisor AB Mirza Azizul Islam

Foreign minister AK Abdul Momen

Bangladeshis' deposit in Swiss banks Swiss ambassador tells lies: Momen

Foreign minister AK Abdul Momen has said the Swiss ambassador tells a lie that Bangladesh didn't seek specific information about Bangladeshis' deposit in Swiss banks

High Court

Swiss banks HC wants to know whether govt seeks info of Bangladeshi depositors

The High Court (HC) on Thursday issued a suo motto rule on the government and the Anti-Corruption Commission (ACC) to know whether the specific data of Bangladeshi depositors in Swiss banks was sought

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