The Bangladesh Bank has intensified efforts to contain the country’s mounting default loan crisis through a series of regulatory, legal and policy measures, but economic weakness, lengthy legal processes and poor recovery rates continue to pose major obstacles to meaningful improvement...
Bangladesh Bank on Sunday dissolved the board of directors of Islami Bank Bangladesh PLC, removed its chairman, Khurshid Alam, and appointed a senior central bank official to manage the lender amid a deepening liquidity crisis sparked by massive deposit withdrawals.
Bangladesh Bank has provided Islami Bank Bangladesh PLC with a special liquidity support of Tk 2,500 crore as depositors have been withdrawing around Tk 1,000 crore to Tk 1,200 crore a day, creating severe pressure on the bank’s liquidity position and cash reserves...
Deposits in accounts held by the extreme poor dipped in the January-March quarter, falling to Tk 277 crore, even as the total volume of these accounts continues to swell...
Karmasangsthan Bank on Saturday opened its 290th branch at Dhobaura Upazila in Mymensingh, said a press release...
Bangladesh Bank governor Md Mostaqur Rahman said on Friday that emergency liquidity support sought by Islami Bank Bangladesh PLC would be extended within the next few days.
Bangladesh Bank joint director Nazmul Huda has received the TFA Excellence Award in recognition of his contributions to social transformation, youth empowerment, and community development initiatives.
Bangladesh Bank on Wednesday appointed an observer to the board of Islami Bank Bangladesh PLC, a board that had itself been reconstituted by the central bank...
Bankers on Wednesday expressed deep concern over the continuing unrest at Islami Bank Bangladesh PLC, warning that the crisis could have wider repercussions if not resolved quickly...
Islami Bank Bangladesh PLC has sought Tk 10,000 crore in liquidity support from Bangladesh Bank amid large deposit withdrawals, which led to the deficit at capital reserve ratio (CRR)...
The finance minister, Amir Khosru Mahmud Chowdhury, on Tuesday told the Jatiya Sangsad that Islami Bank will remain safe under the Bangladesh Nationalist Party-led government, while urging the opposition to practice proper politics instead of creating unrest over the institution.
