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A service for banking industry professionals · Monday, January 20, 2025 · 778,633,469 Articles · 3+ Million Readers
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Bangladesh Banking News Monitoring

  • Published on 08:21 GMT

    Forex freedom or illusion? Bangladesh is caught in a currency conundrum

    Bangladesh's central bank has officially allowed banks to trade foreign currency at market rates, but the so-called "free" market remains quietly tethered by unseen controls. An unofficial mid-rate set by the central bank is causing headaches …

    Source: Daily Star - Neutral
  • Published on 02:50 GMT

    Why Bangladesh's RMG turns to imported yarn, fabrics despite local supply

    Summary: Bangladesh's textile industry faces increasing reliance on imported yarn Cotton yarn imports rose 39% in 2024, costing $2.28 billion Local mills struggle due to rising costs and reduced incentives Indian yarn prices undercut local mills, …

    Source: The Business Standard - Neutral
  • Published on Jan 19, 2025

    Treasury bills' yield fall frustrates well-off banks

    Risk-free returns from investment in sovereign securities keep shrinking to the frustration of some commercial banks as economic activity also stays persistently sluggish, bankers say. As the investment opportunities squeeze over the last several months …

    Source: The Financial Express Bangladesh - Pro-Government
  • Published on Jan 19, 2025

    Bangladesh receives over $1.20b remittance in 18 days of January

    UNB 19 January, 2025, 08:45 pm Last modified: 19 January, 2025, 08:49 pm Bangladesh has received over $1.20 billion remittance in 18 days of January 2025. According to the latest update from Bangladesh Bank, expatriate Bangladeshis have sent this amount of …

    Source: The Business Standard - Neutral
  • Published on Jan 19, 2025

    Cenbank eases foreign travel restrictions for bankers

    TBS Report 19 January, 2025, 10:10 pm Last modified: 19 January, 2025, 10:11 pm The Bangladesh Bank has relaxed restrictions on foreign travel for bank officials. The central bank issued a circular today (19 January), relaxing the policy for bank officials …

    Source: The Business Standard - Neutral
  • Published on Jan 19, 2025

    WEF: Bangladesh to woo global business leaders, investors to explore opportunities

    Bangladesh will highlight its efforts for an improved business and investment climate during the annual meeting of the World Economic Forum (WEF) in Switzerland to attract the global business leaders and investors giving them a confidence to explore the …

    Source: United News of Bangladesh - Label Pending
  • Published on Jan 19, 2025

    Bangladesh receives over $1.20 billion remittance in 18 days of January

    Bangladesh has received over US$ 1.20 billion ($1206.88 million) remittance in 18 days of January 2025. According to the latest update of Bangladesh Bank, expatriate Bangladeshis have sent this amount of remittance through banking channels between January …

    Source: United News of Bangladesh - Label Pending
  • Published on Jan 19, 2025

    Bangladesh Bank warns against its illegal logo use

    Bangladesh Bank (BB) has issued a stern warning regarding the unauthorised use of its logo (monogram) in online and social media advertisements. In a statement released to the media on Sunday, the central bank revealed that its logo is being illegally used …

    Source: United News of Bangladesh - Label Pending
  • Published on Jan 19, 2025

    Bangladesh receives $1.21b in remittance in 18 days

    Bangladesh receives $1.21b in remittance in 18 days DHAKA, Jan 19, 2025 (BSS) - Expatriate Bangladeshis sent over US$1.21 billion in remittance during the first 18 days of January in the 2024-25 fiscal year. Of this, remittances through state-owned and …

    Source: Bangladesh Sangsbad Sangstha - Label Pending
  • Published on Jan 19, 2025

    Saif Ali Khan's attacker arrested: BJP-Opposition spar over Bangladesh link

    The ruling Bharatiya Janata Party (BJP) in Maharashtra and Opposition leaders traded blames after the Mumbai Police revealed that the man arrested for attacking actor Saif Ali Khan could be a Bangladeshi national. The attacker, identified as Mohammad …

    Source: India Today - Neutral
  • Published on 14:42 GMT

    Dhaka Bank signs MoU with Dhaka North City Corporation to collect bills

    Dhaka Bank PLC signed a memorandum of understanding (MoU) with Dhaka North City Corporation (DNCC) for collecting holding tax and trade licence fees from the residents of DNCC. Sheikh Mohammad Maroof, managing director and CEO of the bank, and Mohammed …

    Source: Daily Star - Neutral
  • Published on Jan 19, 2025

    Top borrowers Beximco, S Alam now top defaulters, posing threat to dozens of banks

    Summary: Banks struggle to recover payments since Awami League's government fell Beximco and S Alam control 15.17% of total bank loans S Alam embezzled Tk93,364 crore via fraudulent shell companies Default shocks threaten banking sector's capital …

    Source: The Business Standard - Neutral
  • Published on Jan 18, 2025

    Bangladesh yet to benefit from BRICS bank

    Bangladesh has so far failed to reap any benefits of the BRICS-led New Development Bank (NDB) despite its entry into the new multilateral lender more than three years ago in 2021. The NDB has still to approve any loan for Bangladesh other than that for …

    Source: The Financial Express Bangladesh - Pro-Government
  • Published on Jan 18, 2025

    IFIC Bank holds largest banking network conference in Barishal

    Sat Jan 18, 2025 08:21 PM Last update on: Sat Jan 18, 2025 08:41 PM Star Business Desk Sat Jan 18, 2025 08:21 PM Last update on: Sat Jan 18, 2025 08:41 PM IFIC Bank PLC organised the "IFIC Largest Banking Network Business Conference" at Barishal …

    Source: Daily Star - Neutral
  • Published on 07:25 GMT

    Exchange houses must mention forex sources, conversion rate

    Overseas exchange houses will have to mention sources of foreign currencies, conversion rate and remitted amount in taka for each remittance transaction as per disbursement instructions sent to banks across Bangladesh. To this effect, the central bank has …

    Source: The Financial Express Bangladesh - Pro-Government
  • Published on 11:50 GMT

    CA to leave Dhaka for Davos tonight to attend WEF 

    CA to leave Dhaka for Davos tonight to attend WEF  Chief Adviser Professor Dr Muhammad Yunus. -File Photo DHAKA, Jan 20, 2025 (BSS) - Chief Adviser Professor Dr Muhammad Yunus is set to leave here for Davos, Switzerland, on a four-day official visit to …

    Source: Bangladesh Sangsbad Sangstha - Label Pending
  • Published on Jan 18, 2025

    Bringing more macroeconomic discipline to Bangladesh should be govt's top priority: Rehman Sobhan

    Highlights: Bringing discipline into macroeconomic management should be government's utmost priority Government can introduce some discipline into regulatory system of banking sector Structural reforms needed in banking to be operationalised and made …

    Source: The Business Standard - Neutral
  • Published on Jan 18, 2025

    How Tulip represented Bangladesh in Russia, asks Dr Fahmida

    Executive Director of the Centre for Policy Dialogue (CPD) Dr Fahmida Khatun has said that the resignation of Tulip Siddiq from the post of UK treasury and anti -corruption minister was inevitable. "Various allegations against Tulip, including …

    Source: United News of Bangladesh - Label Pending
  • Published on Jan 19, 2025

    Forex market in disarray

    Bangladesh Bank has officially given the green light for banks to trade foreign currency at freely negotiated rates, but there's a catch. An unofficially imposed mechanism has upset the foreign exchange market, undermining the intent of liberalisation. …

    Source: Daily Star - Neutral

07 days 13:05:53

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