The country’s once leading Islami bank in the private sector is now going through a recession. Those concerned believe that the bank has come to this situation today due to the inefficiency of the board of directors and management. Even a year ago, Islami Bank was one of the models of the country’s banking sector ...more

The yield on five-year Bangladesh Government Treasury Bonds (BGTBs) jumped significantly on Tuesday, reflecting banks’ growing reluctance to invest in government securities.According to auction results from the Bangladesh Bank, the cut-off yield on the five-year BGTBs rose to 12.39 per cent, up from 11.48 per cent in the previous auction. The government raised Tk 35 ...more

In a major shift aimed at reforming the banking sector, Bangladesh Bank Governor Dr. Ahsan H. Mansur announced that the country’s Islamic banks would be merged into two large institutions. This consolidation effort is part of a broader plan to overhaul the banking system, improve efficiency, and address the ongoing challenges faced by smaller and ...more

The interim government is preparing to introduce a new ordinance to facilitate the transfer of weak banks to third parties. Under the proposed ‘Bank Resolution Ordinance 2025,’ crisis-ridden banks will initially be managed through a ‘bridge bank.’ If their financial condition does not improve, they may be sold, transferred, or liquidated. This initiative is being ...more

The budget preparation for the upcoming fiscal year 2025-26 has begun. It will be presented in June. Almost every year, there is severe criticism about the opportunity to whiten black money before the budget is announced. Economists, tax experts and ordinary taxpayers call it immoral and discriminatory. Despite this, almost every year when the budget ...more

The National Board of Revenue (NBR) has reported a revenue deficit of over Tk 58,000 crore, falling short of its target for the first eight months (July-February) of the current 2024-25 fiscal year. The revenue growth stands at a mere 1.76%, significantly below expectations.The deficit, which was about Tk 58,000 crore by December, has remained ...more

Sonali Life Insurance Company has achieved remarkable growth in its insurance claims payments, with a 62% increase in the first two months of 2025 compared to the same period in 2024. The company disbursed a total of Tk 63 crore in insurance claims during January and February this year, a significant rise from Tk 39 ...more

Bangladesh’s economy is facing mounting uncertainty as business activities slow down and economic momentum weakens. Key indicators, including foreign exchange reserves, revenue collection, and private investment, remain stagnant, raising concerns about long-term stability and growth prospects.Economic experts attribute the current downturn to a combination of domestic and external factors. The ongoing liquidity crisis in the ...more

Bangladesh’s banking sector is facing a potential economic disaster as insufficient capital reserves in banks are failing to cover mounting default loans, raising concerns of a larger financial crisis. Experts warn that the current situation, if left unaddressed, could lead to widespread instability in the banking sector and beyond, impacting the entire economy.The rising tide ...more

As the holy month of Ramadan progresses and Eid-ul-Fitr approaches, expatriate Bangladeshis are once again stepping up to support their homeland with significant financial contributions. Early data indicates a remarkable surge in remittances, with expatriates sending an impressive total of $1.656 billion in the first 15 days of this month alone, according to the Central ...more