The rot in the banking sector started in 2017, when Bangladesh Bank (BB) allowed a large industrial group to fully control a large private bank in the country, according to  the…

Bangladesh Bank (BB) will not provide illegal liquidity support or any other facilities to any bank, including Sharia-based Islami banks.  Governor Ahsan H. Mansur said this while…

Eight top officials, including five DMDs, of the Islami Bank Bangladesh Limited (IBBL) who were identified as collaborators ofS Alam Group, have been dismissed from the bank. To this…

Bangladesh Bank (BB) has imposed limits on the disbursement of loans for six banks owned by the controversial S Alam Group for restructuring these banks. From now on these banks cannot…

Planning and Education Adviser Wahiduddin Mahmud on Monday spoke of significant irregularities in ongoing development projects, stressing the urgent need for thorough scrutiny and…

Banker Khondoker Rashed Maqsood has become the new chairman of the capital market regulator Bangladesh Securities and Exchange Commission (BSEC). The Financial Institution Division…

Bangladesh Bank (BB) has ordered commercial banks not to allow cash withdrawals of more than Tk 3 lakh per account daily. Earlier, the limit was Tk 2 lakh. The central bank also instructed…

Youth unemployment in China ticked up to 17.1 percent in July, official figures showed, the highest level this year as the world's second-largest economy faces mounting headwinds.…

Top international fashion brands are shifting orders away from Bangladesh because of the turmoil that surrounded the fall of authoritarian Prime Minister Sheikh Hasina, according to…

Finance and Planning Adviser Dr Salehuddin Ahmed on Wednesday said the prices of daily essentials will come down gradually.  "Common people will get relief to some extent. But…

The newly appointed Governor of Bangladesh Bank, Dr. Ahsan H. Mansur, delivered a powerful message on his first day in office, vowing to leave no stone unturned in the fight against…

Eminent economist Ahsan H Mansur is likely to be the next governor of Bangladesh Bank according to officials familiar with the development on Tuesday.  The interim government…

Finance and Planning Adviser Dr. Salehuddin Ahmed on Tuesday urged government officials to expedite the completion of ongoing development projects, stressing their critical impact…

The Social Islami Bank LTD (SIBL), a second-generation commercial bank has hidden a defaulted loan amount of Tk7924 crore to Bangladesh Bank (BB).  A central bank deputy governor…