Rising interest rates and an alarming surge in non-performing loans (NPLs) have pushed Bangladesh's banking sector to a critical tipping point, speakers warned at a seminar on Saturday. The event drew a sharp focus on the dual pressures of financial instability and limited credit access, particula
Yield rates on state-run savings tools, ideally designed for helping pensioners, elders and widows, have been cut although their shines are already dim for low returns. The government revised downward the yield rates on savings certificates under the Department of National Savings with effect from
In a bid to facilitate revenue collection, all bank branches across the country will remain open until 6 pm today (Monday), according to a spokesperson of Bangladesh Bank. Transactions are usually conducted between 10 am and 4 pm, while bank offices remain open until 6 pm to complete post-transact
The government on Sunday borrowed Tk 117.94 billion in a single day by issuing three types of treasury bills to partly finance its budget deficit. The amount borrowed is well above the pre-auction target of Tk 80 billion, according to the auction results. "The government borrowed a substantial am
Bangladesh reached a historic milestone on June 28, with remittance inflows surpassing US$30 billion, breaking all previous records. According to the Bangladesh Bank, from July 1, 2024, to June 28, 2025, the expatriates sent $30.04 billion in remittances. In the previous FY2023- 24, the expatriate
Dr Anisuzzaman Chowdhury, special assistant to the Ministry of Finance (with the rank of State Minister), said that international lenders like the International Monetary Fund (IMF) cannot deny their role in enabling corruption in Bangladesh. “They gave loans despite witnessing corruption&mda
Bangladesh Bank (BB) has given Tk 520 billion (Tk 52,000 crore) to 12 weak banks by printing money. According to the central bank, among the private banks that took emergency loans are First Security Islami Bank, Social Islami Bank (SIBL), National Bank, EXIM Bank, Global Islami Bank, Islami Bank
Kick-starting structural reforms is imperative to spur economic growth, rebuild investor confidence and reverse the ongoing economic slowdown, but the new budget falls short on this account, experts and economists said. Such conclusion was drawn at a meet Thursday after doing a last-minute anatomy
Bangladesh's foreign exchange reserves climbed to $30.51 billion on Thursday, reflecting a renewed strength in the country's external sector. But, officials said, under the International Monetary Fund's (IMF) Balance of Payments and International Investment Position Manual (BPM6), the reserve is c
Economists and private sector entrepreneurs said that the budget for the next fiscal year 2025–2026 falls short of introducing the structural reforms needed to spur economic growth, rebuild investor confidence, and reverse the ongoing economic slowdown. Although the government has set a 5.5
In a move aimed at boosting foreign-currency earnings, the central bank has permitted all scheduled banks to broaden their offshore-banking operations by offering a wider range of services to non-resident customers. Offshore banking units (OBUs) can now extend services -- including trade-related f
The International Monetary Fund (IMF) asked about the date of the national election in Bangladesh before releasing the fourth and fifth tranches of its loan, says Finance Adviser Salehuddin Ahmed. After a meeting of the Advisory Committee on Government Purchase on Wednesday, he said budget support
The interim government on Tuesday approved a record 17 development projects in a single sitting, six of them revised, without facing the press, as the planning adviser once again avoided the post-ECNEC media briefing. The move comes amid rising concerns over transparency and scrutiny during the in
