Can Bangladesh Bank tackle another cyber attack? In the biggest cyber attack on the banking sector of the country, $101 million was stolen from Bangladesh Bank’s account with the New York Federal Reserve on February 4, 2016. Although the transfer of $20 million from the total was successfully blocked, $81

Bangladesh Bank spurs banks to speed up loan recovery Bangladesh Bank on Tuesday asked scheduled banks to take initiative to reduce their defaulted loans by speeding up their loan recovery process. The direction came from a meeting between the central bank and schedules banks at the BB headquarters in the

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.61% (Jul 26 ’17) 3.64% (Jul 19 ’17) 0.03% Call Money Lending (Crore BDT) 6,260.00 (Jul 26 ’17) 5,873.00 (Jul 19 ’17) 6.59% Prices Weighted Average Deposit Rate 4.93% (May ’17) 4.97% (Apr ’17) 0.04% Weighted Average Lending

RMG exports to India grow 165pc in first five months The country’s readymade garment exports to India grew by more than 165 per cent to US$ 232.39 million during the first five months of the current fiscal year (FY 2018-19) over the corresponding period of the last FY. The figure

Banks’ NPLs rise 15.0% in Q1 Country’s banking system gasps under an over 15.0% rise in their non-performing loans (NPLs) in the first quarter (Q1) of this year, belying the central bank surveillance. The volume of the dud loans rose to BDT 594.11 billion during the January-March period of this