Bangladesh’s imports grow 8.5% in Q1 of FY 19
Overall imports grow by 8.50 per cent in the first quarter (Q1) of the fiscal year (FY), 2018-19, following a 78.62 per cent increase in fuel oil import
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Category: Bangladesh Bank
BKB, RAKUB advised to mobilise low-cost deposits
Bangladesh Bank asks two state-owned specialised banks to take effective measures for making operational profit through mobilising low-cost deposits
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Bangladesh Bank relaxes regulations on forex forward
The central bank of Bangladesh relaxes regulations on forward sale and purchase of foreign exchange (forex) to facilitate hedging transactions
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BB issues guidelines to help cut classified loans
Bangladesh Bank issues guidelines on the Internal Credit Risk Rating System (ICRRS), aiming to reduce the volume of classified loans
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Community Bank gets BB’s final approval
The central bank board of directors give final approval to proposed Community Bank Limited on Monday after scrutinising all documents properly
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BB to place three new banks proposals before board
The central bank of Bangladesh is set to place the proposals for approving three more banks before its board of directors’ meeting on Monday
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BB issues show cause notice to nine banks
Bangladesh Bank issues show cause notice to nine banks for quoting higher BC Selling rates than they notify to the regulator
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Banks allowed holding foreign loan collaterals directly
Banks are now allowed to hold collaterals on behalf of the non-resident lenders against external loans, availed by the state agencies, without prior approval from Bangladesh Bank
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ICB to inject fresh funds into mkt ahead of polls
ICB is going to inject more fresh funds into the capital market to keep the market stable ahead of the upcoming national polls
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BB sees tension over next polls ‘insignificant’
BB assumes that political tensions centring on next election will be insignificant and hence economic growth and inflation are likely to remain stable in this fiscal
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BB resumes selling of US$ to banks after a month
The central bank resumes its foreign exchange support through selling the US dollar to the commercial banks after nearly a month interval
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Bangladesh’s forex reserve falls to $31.66b after ACU payment
Bangladesh’s foreign exchange reserve (forex) falls below US$32 billion again on Monday following a regular payment to the Asian Clearing Union (ACU)
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