BSS Bangladesh now can afford more borrowing to address the economic fallout from COVID-19 pandemic as the country managed public debt to GDP ratio in a conservative way, as per a policy note, prepared by Bangladesh Bank (BB). According to the note, Bangladesh has experienced low debt to GDP ratio of around
Tag: Bangladesh Bank
‘People, Process and Technology together can ensure a robust ICT security system
An interview with Md. Mehedi Hasan, Chief Information Security Officer, Bangladesh Bank Started his career in a multi-national software development company as a programmer after being graduated in Computer Science and Engineering from Khulna University, Md. Mehedi Hasan is undeniably considered to be a cybersecurity genius in tech industry. He performed different important roles in
Nagad to be made postal subsidiary company from next year
Aiming to comply with mobile financial services rules and regulations properly, Bangladesh government has decided to convert the operations of Nagad into a subsidiary company instead of the existing joint-venture from March, 2021. The Posts and Telecommunications Division, to this end, approved a proposal on November 5, asking the Directorate of
BB asks MFS cos to inform clients about product charges
Photo: Collected Bangladesh Bank (BB) has instructed all mobile financial service (MFS) providers to inform their customers about type and charges of the products in details to ensure transparency of their services. “MFS companies should prepare ‘frequently asked questions’ and schedule of charges of their services, to be featured on both
“Fintech start-ups can provide a range of cost-effective digital financial services”
An interview with Dr Iftekhar Ahmed Robin, Joint Director at Bangladesh Bank Started his career journey as a journalist in the Daily Ittefaq, Dr. Iftekhar Ahmed Robin showed his interest in reporting on the area of business, financial market and fintechs. Later in 2005, Dr. Robin joined the country’s Central Bank
Country gets $1,963.94m remittance in August
Expatriate Bangladeshis during the month of August in the fiscal 2020-21 which is the second highest in the country’s history sent around US$1,963.94 million remittance, says the latest data of Bangladesh Bank. Earlier, the monthly inflow of remittance hit an all-time high in July this year, which was $2,598.21 million. In August of this fiscal
BB wants banks to form special fund to invest in capital market: BSEC Chairman
"A total of 13 banks have formed low-interest special fund to invest in the capital market to further revive it," said Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat Ul Islam. The BSEC Chairman said this while addressing a resurgent dialogue on the impact of Coronavirus and to overcome it
BB reappoints Fazle Kabir as governor
BSS The government has reappointed Fazle Kabir as the Bangladesh Bank governor after 12 days of his previous tenure ended on July 3. Finance Ministry on July 15 issued a gazette notification in this regard. Fazle Kabir has been reappointed as per the Bangladesh Bank (Amendment) Act 2020 and his present tenure
Kazemi was not just banker but an intellectual too: BB Governor
Bangladesh Bank governor Fazle Kabir said, the central bank adviser Allah Malik Kazemi was not a central banker, he was an outstanding intellectual as well. The governor also said, Kazemi’s death has made an irreparable gap in the central bank as he (Kazemi) was a versatile ingenious. Fazle Kabir told this
COVID 19: Banks in red zones to remain off
The Central Bank of the country, with a condition has announced new banking hours for branches in red zones and other risky areas, marked on the basis of Covid-19 infections and deaths. “Bank branches at red zones will remain closed. However, if the health department, the city corporation, or district authorities