BB heist: $14.54m retrieved so far Bangladesh Bank has so far retrieved $14.54 million of the $81 million stolen from its account at the New York Federal Reserve on February 5 last year. The process of recovering the remaining $66.4 million is underway, according to a press statement of the
Read MoreCredit growth outpaces deposits Overall deposit growth in the banking sector recorded a falling trend recently while credit growth increased significantly, indicating a strong possibility of a tight liquidity situation in the near future, bankers and officials said. The rate of deposit growth, year-on-year, came down to 10.88% at the
Read MoreBangladesh spends Tk 500cr on printing currency Bangladesh has to spend around Tk 500 crore to print new currency notes and coins a year, a figure that may puzzle many people including policymakers. The expenses include costs of printing materials, paper, ink, colour and security thread. The costs have been
Read MoreDeliver remittance fast at lowest charge: BB Bangladesh Bank has instructed banks to disburse remittance among beneficiaries within the quickest possible time and charge the minimum in order to increase the inflow. Banks should apply agent banking and mobile financial services to send out remittances among near and dear ones
Read MoreBB reinforces forex support to banks The central bank has strengthened its foreign currency support to the commercial banks for settling import payment obligations, particularly of food grains and fuel oils. As part of the move, the Bangladesh Bank (BB) sold US$ 15 million directly to two commercial banks on
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