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Category Archives: Banking News

BB gets AFI award as a role model: Atiur Bangladesh Bank Governor Dr Atiur Rahman on Sunday said the central bank has been given the AFI award as a role model for its role in financial inclusion. “Bangladesh Bank’s strategy was appreciated by other countries,” he said referring to its recent win of Alliance for Financial Inclusion (AFI) Policy Award. The governor was addressing an agreement signing ceremony ... Read More »

SC dismisses Khaleda’s appeals

 Political Correspondent The Supreme Court (SC) has dismissed the BNP Chairperson Khaleda Zia‘s two appeal cases challenging the legality of appointment of a judge who indicted her in Zia Charitable Trust and Zia Orphanage Trust graft cases. The five-member Appellate Division bench led by Chief Justice Mozammel Hossain passed the order on Sunday morning. Earlier on July 7, Khaleda Zia ... Read More »

Muhith urges banks to spend more on education from CSR funds Finance Minister AMA Muhith on Thursday urged the country’s banking sector to spend more from their corporate social responsibility (CSR) funds on the education sector. Appreciating Shahjalal Islami Bank (SJIBL) and Dutch-Bangla Bank for their CSR contributions to the education sector, the Finance Minister said these two banks believe that education has been the most contributory element to human ... Read More »

Moon Group grabs Tk 115cr Agrani Bank loan

BB probe recommends punishment for 9 bank officials for collusion Bangladesh Bank special  inspection  team has found that Agrani Bank disbursed Tk 115.18 crore in loan to Moon Group owned by controversial  businessman Mizanur Rahman for the construction of three buildings with unapproved structural designs while the Group shifted the loan to other sector without constructing the buildings. The inspection ... Read More »

Much degradation of Janata Bank takes place in last 5- yr: Muhith Degradation has taken place to a greater extent in Janata Bank Limited over the last five years, said Finance Minister Abul Maal Abdul Muhith on Tuesday. The bank’s board of directors will have to take the responsibility of it, he also said. The Finance Minister also denied of seeking money from the state-owned Janata Bank’s Corporate Social Responsibility (CSR) ... Read More »

JB CSR suspended as FM’s request for money refused:Barakat Finance Minister Abul Maal Abdul Muhith sent a letter to Janata Bank Limited (JBL) seeking money for a boat race competition at haor in Sunamganj. The JBL’s CSR (corporate social responsibility) activities were suspended for the refusal of paying the money, alleged JBL chairman Prof Dr Abul Barakat.He made the allegation while speaking at the foundation-stone laying ceremony of ... Read More »

Return Home Programme: BB signs deal with BKB Bangladesh Bank on Sunday signed an agreement with Bangladesh Krishi Bank (BKB) to finance the poor in urban slums to return home and become self-employed. As per the deal, the central bank and the specialized agriculture bank will implement the government’s ‘Ghare Phera Karmasuchi’ (return home programme). Under the agreement, Bangladesh Bank will provide Tk 2 crore to BKB ... Read More »

BB Governor assures Japanese investors to provide all-out support Bangladesh Bank (BB) Governor Dr. Atiur Rahman has assured the Japanese investors to provide all-out support to facilitate their business activities in Bangladesh.“From the central bank, I promise wholehearted proactive collaboration with the BOI, Prime Minister’s Office and other government authorities towards further facilitation and support for Japanese investments in Bangladesh, addressing and resolving issues promptly as they arise,” ... Read More »

BB’s SME credit policy likely to refocus on manufacturing The Bangladesh Bank is moving to restructure the small and medium enterprise (SME) credit policy to shift the focus on the manufacturing sector. According to sources at the central bank, the existing SME credit policy focuses on promotion of women entrepreneurs. The policy says at least 10 percent of the total SME loans is mandatory for female entrepreneurs. The ... Read More »

Some banks in Asia Pacific may transmit contagion risks:BB Governor Bangladesh Bank Governor Dr Atiur Rahman has said some systemically important banks in Asia Pacific region may transmit contagion risks to other banks which may even disrupt the real economy directly. To mitigate this risk, central banks of this region should give emphasis to identify and address these banks right now. He said financial inclusion is a unique tool ... Read More »