Bangladesh Bank moves to bolster its regulatory authority to waive, remit, or reduce penalties for banks' Cash Reserve Ratio (CRR) shortfalls in special circumstances as the central bank oversees the largest bank-consolidation effort in nation's history. To this end, sources say, the central
Central bank autonomy and banking-reform bills of legislation before long as the finance adviser pledges a push within the interim government tenure as experts plead for healing chronic banking ills. Dr Salehuddin Ahmed said at a meet Thursday that the interim government would make a final push to
Adviser for the Ministry of Disaster Management and Relief Faruk E Azam, on Thursday said implementation of the Annual Development Programme (ADP) is one of the main tools for ensuring smooth in the country. “Delivery of expected public services and development benefits depends on its
In its continued effort to stabilize the foreign exchange market and build up national reserves, Bangladesh Bank (BB) purchased an additional $45 million from two commercial banks on Tuesday (January 20). The dollars were bought at a fixed exchange rate of Tk 122.30, with the cut-off rate also set
The law ministry has turned down the central bank's proposal to prepare a new Artha Rin Adalat Ain (Money Loan Court Act) and suggested updating of the existing law through necessary amendments, officials say. The draft law, prepared by the central bank, incorporated extensive punitive actio
