Liquidity Crisis: From banks to many fronts Bangladesh economy showed resilience even during the global financial crisis that began in 2008. The economy grew by 6.3 percent on average for more than a decade. The growth rate was over 7 percent in the last two fiscal years. Bangladesh’s gross national
Read MoreCan 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
Read MoreBoost private investment to create more jobs Bangladesh must increase the stymied private investment to boost economic growth and help generate enough jobs for its burgeoning workforce, the central bank recommends. “To reach the next phase of growth, Bangladesh needs to increase the level of private investment to create jobs
Read MoreSK Sur set to advise BB S. K. Sur Chowdhury is going to be appointed Banking Reform Advisor of Bangladesh Bank on completion of his tenure as a deputy governor. According to Bangladesh Bank, the decision to appoint Sur Chowdhury in the new post was made at the governing body
Read MoreBB cuts ADR to curb banks’ hefty lending The Bangladesh Bank (BB) slashed the limit of advance-deposit ratio (ADR) on Tuesday to help check any possible liquidity pressure on the market due to the banks’ ‘aggressive’ lending. The ADR is re-fixed at 83.50 per cent for all the conventional banks
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