BB for AML, CFT practices with effective utilisation of Tech-Savvy innovations bKash Limited in association with Bangladesh Financial Intelligence Unit (BFIU) and Bangladesh Bank on Saturday organised a day-long workshop on ‘Technological innovations and its impact on AML & CFT Practices in MFS’ for the senior officials of bKash to
Read MoreGovt plans Tk 3,322cr transmission line The Government is going to construct a 140-kilometre high-voltage electricity transmission line between Barapukuria and Kaliakair to import 1,600 megawatts of power from Indian conglomerate Adani Group. The Planning Ministry is going to place a mega project involving Tk 3,322 crore at the meeting
Read MoreBB issues new Policy to police Offshore Banking Operations The central bank has issued a new policy asking banks to comply with cash reserve requirement (CRR) and statutory liquidity ratio (SLR) rules for their Offshore Banking Operations. Under the new policy, three-fourths of total outstanding offshore operations’ funds will have
Read MoreBanks paid-up set to get raise by a quarter The central bank is set to raise paid-up capital of scheduled banks to Tk 5.0 billion from the existing Tk 4.0 billion over the next two years. According to a senior official of the Bangladesh Bank (BB), they are working on
Read MoreRising Buyer’s credit puts pressure on reserves, exchange rate Importers’ appetite for buyer’s credit from overseas sources shot up last year, in an ominous development for the country’s foreign currency reserves and the exchange rate. Buyer’s credit is a loan facility extended to an importer by a bank or financial
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