BB okays manual for issuing new treasury bond The central bank has approved a manual for the floating rate treasury bond (FRTB), paving the way for issuing such a debt instrument in the country. The government had earlier decided to issue such a bond pursuant to rule-4 of the Public

Remittance inflow falls 17pc in July-March The overall remittance inflow has dropped by nearly 17 per cent or US$ 1.86 billion in the first nine months of this fiscal year (FY), 2016-17, against the same period of the previous fiscal. The remittance receipts came down to $9.19 billion during the

BB urges caution before allowing private sector to invest abroad The Bangladesh Bank (BB) has suggested the government take into consideration a number of factors, including the ratio of private sector investment in the country, before allowing investments abroad, officials said. In a recent letter sent to the ministry of

20 banks warned of existential crisis over soaring defaulted loans Bangladesh Bank has warned top bosses of 20 banks that the entities might face existential crisis unless effective measures are taken to recover their defaulted and written-off loans. BB deputy governor SK Sur Chowdhury came up with the caution while

Bank directors’ tenure likely to be raised The government is going to amend the Bank Company Act increasing the tenure of directors of private commercial banks to nine years divided in three terms. Besides, the private bank board can also have four members from an owner family as directors as