Bangladesh Bank to be tough on borrowers Borrowers who became defaulters despite taking a special rescheduling facility in 2013 will not be allowed to regularize their loans anymore, a central bank official said. As part of the move, Bangladesh Bank is now carrying out a special inspection to assess the

Government’s wholesale approval pushes insurers into unhealthy race The country’s insurance sector is going through a tough time as wholesale approval to insurance companies by the Awami League-led government at the far end of its last term pushed the insurers into an unhealthy competition for survival, senior officials of insurance

Ailing Farmers Bank gets BDT 960 million from Bangladesh Bank (BB) Cash-strapped Farmers Bank yesterday got a shot in the arm after the Bangladesh Bank agreed to provide short-term loan (repo) amounting to BDT 960 million by way of repo to meet its instant liquidity demands. On Monday, the bank

BB receives 73 proposals worth $435m for long-term financing Bangladesh Bank has so far received 73 project proposals involving USD 435 million from export-oriented companies to facilitate long-term financing under the World Bank-funded Financial Sector Support Project. The Central Bank has already sanctioned 27 proposals with USD 109.77 million, of

BD likely to get $250m this fiscal from WB The government has recently completed negotiations with the World Bank (WB) over US$750 million budgetary support credit to narrow its fiscal deficit. Within this fiscal year (FY) 2018-19, the government is likely to get $250 million worth of funds from the