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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

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

BB instructs no penalty fee for late deposit payment

The Bangladesh Bank (BB) has recently made instructions to all banks not to charge any penalty fee on its DPS and other deposit scheme customers for late payment in April and May amid the Covid-19 pandemic. Issued a circular on May 31, BB also instructed banks not to close any DPS or

BB plans to release Tk25,000 crore new notes

Bangladesh Bank plans to release new currency notes of Tk25,000 crore in the market before Eid Ul Fitre. The money will be released around a week before Eid-ul-Fitr, official sources said. “We’ve set a target to release Tk25,000 crore before Eid,” Sirajul Islam, Bangladesh Bank spokesman and executive director, said, reports UNB. He

Premier Bank Limited inks a deal with Bangladesh Bank Refinance Scheme for New Entrepreneurs

The Premier Bank Limited has signed an agreement with Bangladesh Bank Refinance Scheme for New Entrepreneurs in Cottage, Micro and Small Enterprise Sector  to support the development of the new entrepreneurs. Mrs. Laila Rashid, General Manager- SME & Special Programmes Department, Bangladesh Bank and M. Reazul Karim, Managing Director & CEO

LEGAL BATTLES OVER BB HEIST STARTS

With the help of Federal Reserve Bank of New York, Bangladesh on February 1 launched a legal battle to recover the full amount stolen from its central bank's reserve in what is known as the biggest cyber heist in the history. The move came nearly three years after hackers stole

BB ISSUES GUIDELINE FOR ILLITERATE CUSTOMERS

Banks, with their spic and span appearances sometimes daunt customers, especially the illiterate ones. In a bid to make things easier for them, the Bangladesh Bank (BB) in last month has issued a guideline for illiterate customers so that they can easily withdraw cash from banks through cheque. The central bank

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