Remodeling the stolen asset recovery (SAR) initiative through creating an entity under a legal framework is under active consideration to give the drive a nudge. Under the latest move Bangladesh Bank (BB) considers replicating UK's National Crime Agency (NCA) model which has written several
Bangladesh Bank Governor Dr Ahsan H Mansur on Monday said, despite the difficulties, the financial sector is moving toward a more sustainable footing with visible progress. The central bank has already undertaken extensive reforms to restore stability in the banking sector, curb inflation, and sta
Bangladesh’s persistent economic fragility cannot be overcome without establishing a genuine balance of power within society and dismantling a long-running ‘loot and plunder economy’, said Former Chairman of the Development Studies Department at Dhaka University, Professor Mahbubu
Commercial banks in Bangladesh are now given a cutoff time until end of this month to significantly downsize mounting non-performing loans to clean up their year-end balance sheets. Spelling out this direction at a meeting with bankers Sunday, the central bank high-ups suggested top executiv
The upward trend in remittances sent by expatriate Bangladeshis has continued into December, with the country receiving approximately US $632 million in the first six days of the month. According to the latest update from Bangladesh Bank (BB), the $632 million remittance figure for December 1-6 is
