BB defers readjustment of ADR by six months: Banks get until year-end to check higher advances to address liquidity crunch The central bank extended time for six months to December for banks to execute its revised advance- deposit ratio (ADR), apparently as the measure yielded chain effects like credit squeeze,

BB instructs banks not to reject foreign cheques or drafts Bangladesh Bank has asked banks not to send back clients who present foreign cheques and bankers’ draft with the view to arranging smooth repatriation of returning migrant workers’ additional job benefits. Typically, migrant workers get their added job benefits like

RAKUB recovers Tk 1.79 billion outstanding loans Rajshahi Krishi Unnayan Bank (RAKUB) has recovered outstanding loans worth Tk 1.79 billion (Tk 179 crore), including classified loan of Tk 290 million (Tk 29 crore), through its Victory Fair (Bijoy Mala). The bank arranged the two-day fair in all its 378 branches

Default loan rises by Tk12,000 crore The total value of defaulted loans rose by almost one-fifth last year. Defaulted loans rose to Tk74,303 crore in 2017 from Tk62,172 crore in 2016– a year-on-year rise of Tk12,131 crore or 19.5%. As a proportion of the total outstanding loans, defaulted loans accounted

Cybercriminal Lazarus group hacked Bangladesh Bank Cybercriminal gang Lazarus group carried out the $81 million Bangladesh Bank cyber heist, not the other groups named since the February 2016 incident, according to a top researcher of cyber security firm Kaspersky Lab. Vitaly Kamluk, director of the Moscow-based company’s global research and