The Cabinet Division has established a six-member committee, led by Law Adviser Asif Nazrul, to reassess the 2016 cyber theft involving Bangladesh Bank’s reserves.
A gazette notification, signed by Mohammad Khaled Rahim, Additional Secretary of the Cabinet Division, was issued on Wednesday (12 March).
The committee comprises Muhammad Fouzul Kab...
Government borrowing from commercial banks has risen by 74% in the current financial year, driven largely by sluggish private sector credit growth and a strategic move to reduce its debt to the central bank under a contractionary monetary policy.
According to data from Bangladesh Bank, the government secured Tk78,832 crore from commercial banks through the issuance of Treasury bills and bonds between July and 20 February, compared to Tk45,231 crore in the same period the previous year. Currently, the government's total outstanding borrowing from commercial banks amounts to Tk3.97 lakh crore.
The central bank has decided to ease the daily cash reserve ratio (CRR) requirement for commercial banks, providing them with some relief amid ongoing liquidity constraints, according to officials.
Dr Yunus said that confidence and discipline are being steadily restored in the banking system, and announced that previous restrictions on cash withdrawals have been lifted, signalling a rob...
The central bank also instructed banks to monitor transactions through cheques and block any suspicious transfer of funds.
"Due to security problems in transporting cash to bank branches, please do not allow withdrawals more than Tk 3 lakh in cash during the upcoming week," the Bangladesh Bank informed banks through an SMS on Saturday.
