Bangladesh-Bank

The High Court has ordered a three month freeze on 81.92% of the shares in Islami Bank held in the names of various companies affiliated with S.Alam Group. The High Court bench led by Justice KM Kamrul Kader issued the order on August 30 following a writ petition filed by Islamic Economics Research Bureau (IERB), a sponsor shareholder company of Islami Bank Bangladesh PLC. The court also issued a rule in the matter. The court asked why Bangladesh Bank’s inaction in allowing 81.92% of Isl...

Bangladesh Bank logged a massive profit in the outgoing 2025-26 fiscal year. The central bank recorded a net profit of Tk 25,900 crore in the last fiscal year, which is Tk 3,280 crore higher than the preceding 2024-25 fiscal year.In FY 2024-25, the net profit stood at Tk 22,620 crore. Meanwhile, in FY 2023-24, the central bank’s net profit was Tk 15,300 crore.The financial statement for the last fiscal year was approved during a Bangladesh Bank Board of Directors meeting on Sunday.The board memb...

The depositors of Sammilito Islami Bank PLC will not face any ‘haircut’ or deduction from their profits, Bangladesh Bank Governor Md. Mostaqur Rahman said. At the same time, he instructed the bank authorities to take necessary steps to allow individual depositors to withdraw money as needed beyond the prescribed limit for deposit refunds. The decisions were made at a meeting between Bangladesh Bank Governor Md. Mostaqur Rahman and Sammilito Islami Bank Chairman Kazi Shairul Hasan and...

They are all directors of private banks. Quite influential. Numbering around 500. They do not care about rules and regulations. Using their influence, they have taken loans amounting to Tk 2 lakh 8 thousand crore. Some pay installments occasionally, while many do not pay at all. Using various legal loopholes, they deposit a small amount to keep themselves from being classified as defaulters, then take out new loans again. The amount keeps growing. Their dominance persists under all governments....

Bangladesh Bank no longer has administrators at any of the five banks being merged. Most recently, the administrators of Union Bank PLC, Mohammad Abul Hashem, and Global Islami Bank, Md. Mokhsuduzzaman, were also withdrawn on Thursday. Bangladesh Bank spokesperson Arif Hossain Khan confirmed the information on the day. Bangladesh Bank officials said that keeping administrator teams at the same banks after appointing new managing directors, chairmen and independent boards of directors was...

The Bangladesh Bank has permitted the use of designated international cards for paying tuition fees and other education-related expenses of Bangladeshi students studying abroad. The central bank issued a circular on this matter today (Monday).The circular states that Authorized Dealer (AD) banks can now issue or allow the use of international cards to facilitate legitimate payments for students enrolled in regular courses at recognized foreign educational institutions.Under this facility, fees f...

Bangladesh Bank and the Bankers Selection Committee Secretariat (BSCS) have published recruitment notices for 351 positions at various banks and financial institutions. Bangladesh Bank will recruit 33 people for the position of Assistant Director (Statistics). In addition, through the Bankers Selection Committee, 36 people will be recruited for the position of Senior Officer (IT), 231 for Officer (IT)/MIS and ICT Officer, 28 for Assistant Programmer, 14 for Assistant Engineer (IT)/Assista...

Ghatpar area, adjacent to the Meghna River in Araihazar upazila of Narayanganj. This is where Nuru Dairy Farm once stood. After changing hands three times, the establishment is now closed. Its owner, Nuruzzaman, currently lives in Dubai. The Bangladesh Bank Entrepreneur Fund had provided Tk 3 crore for the establishment. In return, 8 bighas and 11 percent of land had been mortgaged. But an on site inspection found that the entire plot was under water from the Meghna River. Locals allege t...

Customers of the troubled five merged banks can now withdraw up to Tk 10 lakh for emergency needs, in addition to medical treatment. Previously, this facility was available only for their own treatment. Now, the Bangladesh Bank has approved withdrawals for the treatment of parents, children, siblings, and spouses, as well as for other urgent necessities. At the individual level, ordinary customers could previously withdraw only up to Tk 2 lakh. No decision has been made yet regarding corporate c...

Bangladesh received $1.80 billion in remittances during the first 18 days of July, marking a 20 percent increase compared with the same period last year, according to data released by the Bangladesh Bank on Sunday.Remittances reach $1.80 billion in first 18 days of July, up 20.2%In the first 18 days of the current month, remittances have come in at approximately $1.80 billion, which is 20.2% higher than the same period last year. Bangladesh Bank reported this information today (Sunday).According...

Bangladesh has paid its import bills for the May-June period to the Asian Clearing Union (ACU). A total of $1.314 billion has been paid. Following this, the country's foreign exchange reserves have decreased to $36.17 billion.Today (Tuesday), Bangladesh Bank's spokesperson and Executive Director Arif Hossain Khan confirmed this information.He said, "According to the IMF's BPM-6 accounting method, the current usable foreign exchange reserve of the country is $31.72 billion."Before the ACU payment...

Bangladesh Bank has issued new guidelines aimed at streamlining digital transactions between banks, setting a minimum Merchant Discount Rate (MDR) of 1% (including VAT) for merchant payments made through Bangla QR codes on the National Payment Switch Bangladesh (NPSB) platform. The central bank’s Payment Systems Department-2 (PSD-2) issued the circular on Wednesday, and the new directive took effect immediately. According to the circular, Bangladesh Bank had previously set MDR limits for...

Bangladesh Bank on Tuesday announced its monetary policy for the first half of fiscal year 2026-27 (July-December), keeping the policy interest rate unchanged at 10 percent as inflation remains elevated. Deputy Governor Dr. Habibur Rahman presented the monetary policy under the chairmanship of Bangladesh Bank Governor Mostaqur Rahman. When the policy rate remains unchanged, banks’ funding costs do not decline. As a result, borrowing costs for businesses and industrial entrepreneurs rem...

Bangladesh Bank has announced its new monetary policy for the first half of the 2026-27 fiscal year (July-December), maintaining a tight monetary policy to control inflation. The policy repo rate has been kept unchanged at 10 percent. At the same time, in order to overcome the stagnation in private...

Some laws and regulations in the country's banking sector are creating obstacles to business expansion and new investment, according to Abdul Hai Sarker, Chairman of the Bangladesh Association of Banks (BAB).He said that promising entrepreneurs should not have their opportunities limited due to past...

Following the recent appointment of Khurshid Alam as Chairman of Islami Bank, concerns and unease have arisen among various quarters. Protests have been ongoing since June 1, demanding the cancellation of the Chairman's appointment under the banner of customers. At the same time, many panicked custo...

Bangladesh Bank has provided Tk 2,670 crore in special support to Islami Bank Bangladesh PLC. The information was confirmed by sources within the ailing Islami Bank. The support was extended by the central bank on Sunday (June 14) to address the bank's liquidity crisis.According to discussions...

Six of the country’s ten full-fledged Islamic banks are effectively becoming weak. Despite continuous monitoring by the central bank, the regulator of the banking sector, customers have lost confidence in these institutions. They are unable to withdraw their money. To resolve the crisis, Bangladesh...

Mohammad Ashraful Alam, an Executive Director of Bangladesh Bank, has been appointed as the observer at the Islami Bank.  Bangladesh Bank today reappointed the observer at the Bank amid ongoing turmoil there. The central bank said this appointment has been made with the aim of closely moni...

The Real Estate and Housing Association of Bangladesh (REHAB) has called for the formation of a special housing fund and the introduction of long-term home loans at single-digit interest rates to boost the country’s real estate sector. Meanwhile, Bangladesh Bank is working on a bond-based fina...