Bangladesh Bank heist was state-sponsored: FBI The heist of $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year was “state-sponsored,” an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday. Lamont Siller, the legal attache at the

Banks’ profits surge on political calm Political stability has helped banks earn handsome operating profits in 2016 despite a sharp fall in lending rates, data collected from different banks showed. Some new banks recorded more than 200.0% rise in operating profits, while struggling Premier Bank saw 78.0% growth. Largest private

BB not giving new Islamic banking licences More and more banks are showing interest in converting into full-fledged Islamic banks but the central bank is not giving new licences for the expansion of the shariah-compliant finance. The reason is the absence of a regulatory framework that would enable proper monitoring

Central bank warns NBFIs against irregularities The central bank warned the non-banking financial institutions (NBFIs) against irregularities over lending and concealing information in reporting their financial affairs. The fresh warning came at a meeting of the chief executive officers (CEOs) and managing directors (MDs) of NBFIs with Bangladesh Bank (BB)

BB asks banks to report daily international card transaction Bangladesh Bank has asked the authoritised foreign exchange dealers to record every transaction made through international credit or other cards on daily basis. The central bank issued a letter to foreign exchange departments of banks on Sunday to make records under