Banks Directed to Recover Tk14,563 Crore in Default Loans Through ADR
Bangladesh’s central bank has directed banks to recover 1% of the Tk1.45 lakh crore defaulted loans, amounting to Tk14,563 crore,…
BB Allows Audit Committees to Oversee NRC Operations in Banks
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BB Allows Audit Committees to Oversee NRC Operations in Banks
A recent circular issued by the Bangladesh Bank allows the Audit Committee of banks to oversee the operations of the…
State-Owned Banks’ Defaulted Loans Hit Tk 85,870 Crore
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State-Owned Banks’ Defaulted Loans Hit Tk 85,870 Crore
The Bangladesh Bank’s efforts to reduce defaulted loans in state-owned banks to 10% by 2026, as per IMF conditions, faced…
Deposit Growth in Banking Sector Hits Five-Month Low
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Deposit Growth in Banking Sector Hits Five-Month Low
In March, Bangladesh’s banking sector experienced a five-month-low deposit growth, standing at below 10% compared to the same period last…
BB Renews Market-Driven Interest Rate Regime After 4 Years
Bangladesh has reinstated a market-driven interest rate regime after a four-year hiatus, allowing banks to adjust lending rates based on…
BB Renews Market-Driven Interest Rate Regime After 4 Years
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Southeast Bank’s Profit Falls by 36%
In the first quarter of 2024, Southeast Bank’s profit dropped by 36% year-on-year to Tk 92.15 crore, down from Tk…