BB to ask banks, NBFIs for faster execution of stimulus for CMSMEs
BB is set to ask banks and non-bank lenders for faster implementation of stimulus packages for CMSMEs to speed up recovery of the pandemic-hit economy
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Category: PCBs
Govt. starts FY ’21 with higher bank borrowing
Bangladesh government starts the new fiscal year with higher bank borrowing as July loans figure almost doubled following lower revenue collection
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Stimulus for CMSME: Slow progress in fund disbursement
Banks and NBFIs disburse only BDT 15 billion of the stimulus package until July 30 for cottage, micro, small and medium enterprise (CMSME) sector
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EBL launches first e-KYC account in Bangladesh
Eastern Bank Ltd. (EBL) introduces an instant account opening solution –EBL INSTA Account—for the first time in Bangladesh under e-KYC guideline on Sunday
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BB sells $13m more to two commercial banks
The central bank of Bangladesh sellsUS$13 million more to two banks on Wednesday directly to meet the growing demand for the greenback in the market
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BB asks all banks to prepare business continuity plan
BB asks banks to prepare business continuity plan immediately to ensure that operations are not interrupted in the aftermath of pandemic exigencies
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Remittances grow by 20.06% in July-Feb of FY 20
The inflow of remittances grows by 20.06 per cent in the first eight months of this fiscal year (FY), despite a significant fall in February
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Banks’ provisioning shortfall falls by 18.13% in Q4
The provisioning shortfall against loans in the banking system has dropped by 18.13 per cent in the Q4 of 2019 on the back of lower growth in default loans
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Banks’ excess liquidity crosses BDT 1.0tn, again
Banks’ excess liquidity crosses the BDT 1.0 trillion-mark again, fuelled by lower private credit growth in a sign that the investment situation has cooled
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Another commercial bank gets BB approval
BB gives its seal of approval to the Bengal Commercial Bank, asking the lender to boost paid-up capital to BDT 5.0 billion within two years
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Banks asked to ensure tax collection from credit cardholders
BB asks the authorised dealer banks to properly ensure tax collection while their customers are making payments using international credit cards
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Errant banks to face the music for import payment delay
The central bank of Bangladesh will take stringent action against the authorised dealer banks who sidestep making import payment obligations
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