24Nov
24Nov
BB eases rules on loans to exporters
SUMMARY The Bangladesh Bank (BB) eased conditions on single borrowers and large loan exposure limits. Restrictions will not apply in case of credit facilities provided to the government or against government guarantees. The circular will come into force immediately, according to a circular issued by the...
22Sep
Abstain from potential risks of dealing virtual assets, currencies and cryptocurrencies
Summary Cryptocurrency trading, virtual assets and virtual currencies risk is primarily related to its volatility. They are risky and speculative, and it is important to understand the risks before starting to trade. They are volatile, and unexpected changes in market sentiment can cause sharp and sudden...
22May
Bangladesh Bank suggests Banks take insurance coverage
SUMMARY: The banks have been advised by the Bangladesh Bank to take insurance coverage against their financing to exports in an attempt to cut down menace of loans. CONTEXT: The central bank published a circular to encourage banks to secure their financing through insurance coverage under credit...
26Dec
City Bank offers hassle-free ‘Nano-Loan’ with Bkash
Summary: Eligible Bkash customers with no actual bank account can now procure easy-terms loans with bkash app and repay with 9% annual interest under the new initiative of the City Bank. Content: BKash customers, who are eligible, can now utilise the bKash app to request for a loan...
02Nov
Banks, NBFIs asked to give new directors’ CIB data
Summary: Banks and other NBFIs are asked to give updated CIB Data by the Central Bank regarding the borrowing entities’ Board of Directors by submitting relevant documents along with a forwarding letter. Content: Credit information bureau reports play a crucial role in Financial Institutions like banks in terms...
12Oct
Op-ed: Enactment of M&A Law
An op-ed of our esteemed Head of Chambers was published in the Editorial section of the Financial Express dated 12.10.21, stating as follows: "I am writing in response to your editorial, dated October 3, 2021, on the enactment of the merger and acquisition (M&A) of banks...
10Oct
Weak banks to merge after passage of Law: Finance Minister
Summary: Problem-ridden banks can be merged with the state-owned banks to keep them salvaged once after the law is passed. Content: A weak bank is one whose liquidity or solvency is impaired unless there is a major improvement in its financial resources, risk profile, strategic business...
12Sep
Bangladesh got the membership of NDB
Summary: Bangladesh has finally become a member of the New Development Bank (NDB), which aims to be an alternative to the US-dominated World Bank and International Monetary Fund. Content: The new Development Bank founded by Brazil, Russia, India, and China in 2014 tried to expand its membership on...
02Sep