Bangladesh Bank (BB) has formed a six-member inter-departmental committee to scrutinise the applications for restructuring loans of big borrowers, officials said Wednesday. Headed by BB Executive Director Mohammad Naushad Ali Chowdhury, the panel is assigned to examine the terms and conditions set by the central bank earlier for restructuring such large loans properly, reports the Financial Express. "We'll submit the applications after scrutinising to the Banking Regulation and Policy Department (BRPD) of the central bank for next course of action," a committee ...

The Ministry of Finance has asked state-owned banks to reduce bad loans, the secretary of banks and financial institutions S Aslam Alam informed it Tuesday. The Banking and Financial Institutions Department of the Ministry of Finance asked Sonali, Janata, Agrani, Rupali to meet with the chief executives of the banks. Other senior officials of the Department were present on the occasion. According to the meeting, the department also asked to maintain more restriction to reduce bad loans from now onwards. At the end of December, the...

Bangladesh Bank will preserve the information on forgeries and corruptions by bankers and directors of the scheduled banks on long-term basis in its web portal to verify their professional integrity in time of taking any decision concerning them, reports the Daily New Age. The central bank has already prepared draft guidelines in this regard, a BB official told New Age on Wednesday. He said the BB would attach the information to the corporate memory management system of the central bank’s web portal. ‘The central bank usually approves managing directors and c...