Bank
BB asks banks for willful defaulter list on CIB database
At the same time, commercial banks and non-banking financial institutions (NBFIs) have been directed to report June data on July 1 in real-time.
Was devaluation necessary?
Under the crawling peg system, Bangladesh Bank has set the intermediate dollar price at Tk 117 and instructed banks to trade freely around this rate. A few days ago, economists advocated for a 'floating exchange rate' to maintain the dollar's value as fully market-oriented. They argued that the exchange rate between our currency and foreign currencies should be determined by market forces, with no authority intervening. However, Bangladesh Bank opted not to introduce a floating exchange rate, instead implementing the crawling peg system to manage the exchange rate. Unlike a floating exchange rate, a crawling peg system is not entirely free and open, as it involves some degree of control by the authorities. In this system, the upper and lower limits of the currency exchange rate are set, and the currency must be exchanged within these specified limits.
Journalists can frequent central bank for info, says deputy governor
There is no restriction on journalists entering Bangladesh Bank to get information, its Deputy Governor Khurshid Alam said on Saturday.
How useful 'crawling peg' in determining dollar rate
Bangladesh Bank has made bank interest rates 'market-based' to curb rising inflation. As a result, as interest rates on all types of loans increased, so did the rate of the dollar. In the meantime, the price of the dollar has been increased from 110 taka to 117 taka.
Jurnos boycott central bank briefing
The economic reporters of different print, electronic and online media Wednesday (May 8 boycotted the press conference of Bangladesh Bank in protest of the recent ban imposed by the central bank on entry of journalists.
Factors to consider before bank consolidation
For a long time, the banking sector in the country has been plagued by various complex problems. Failures in recovering loans from defaulters engaged in fraudulent activities, inability to control internal malpractices and ensure good governance, increasing incidence of insider lending, and the proliferation of banks—all these complex issues have slowed down the normal functioning of the banking sector. It is primarily to address these problems that the decision to consolidate banks has been taken.
Bank Asia to take over Alfalh
Bank Asia is set to take over Alfalah, a foreign bank, in a departure from Bangladesh Bank's decision that no more merger of banks will be allowed.
Dhaka district receives lion's share of remittances so far in current fiscal: BB
This figure means that most of the families of expatriates stay in Dhaka or they have most of their accounts in the bank branches of Dhaka.
BASIC Bank merging with City Bank
BASIC Bank is expected to be acquired by the private sector lender City Bank, as the central bank pushes forward with its initiative to facilitate the acquisition of weaker banks by stronger ones.
Joint drive against KNF extremists underway: Quader
Road Transport and Bridges Minister Obaidul Quader has said that joint drives are underway against the Kuki-Chin National Front (KNF) extremists in Bandarban's hilly terrains to restore peace and order.
Trending Views
