BB drafts law for payment systems

The central bank has prepared a draft national payment systems act to govern the operations of all kinds of payments in the country.

Non-banks' CEOs cannot be fired without central...

Like banks, chief executives of non-bank financial institutions now cannot be removed or suspended without approval from Bangladesh Bank,

Banks to remain open on Friday, Saturday

Bangladesh Bank on Tuesday asked the scheduled banks to keep open their branches located in Dhaka and Chittagong cities on Friday and Saturday to facilitate the filing of nominations for the upcoming city corporation ...

BB rolls out rewards for good borrowers

Bangladesh Bank yesterday unveiled a new policy to provide good borrowers with incentives, including a 10 percent rebate on interests, in an effort to eliminate wilful loan default culture.

BB relaxes banks' provisioning rules for mutual...

The central bank has relaxed the provisioning requirements for banks against their investment in mutual funds in light of the deteriorating situation of the capital market.


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