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In 2016, the Bangladesh Bank confirmed the unit has been made autonomous. [8] In September 2021, the Bangladesh Financial Intelligence Unit sent letters to banks requesting the bank details of 11 elected journalist leaders from Bangladesh Federal Union of Journalists, Dhaka Reporters Unity, Dhaka Union of Journalists, and the National Press Club.
Under Basel II Capital adequacy framework as adopted by Bangladesh Bank vide Circular No 9 dated 31 December 2008 and subsequently revised on December 29, 2010, the risk weight is to be carried out on the basis of the ratings of ECAI. If loans are not rated, for Tk 100 corporate exposure/loan, the risk weighted assets would be Tk. 125 (125% of ...
The agency is controlled by 12 member-governing body which has representatives from the government, Bangladesh Bank, Bangladesh Securities and Exchange Commission, Federation of Bangladesh Chambers of Commerce & Industries, professional accountants association and academia.
Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.
On 7 April 1972, after the Bangladesh Liberation War and the eventual independence of Bangladesh, the Government of Bangladesh passed the Bangladesh Bank Order, (P.O. No. 127 of 1972), reorganising the Dhaka branch of the State Bank of Pakistan as Bangladesh Bank, the country's central bank and apex regulatory body for the country's monetary and financial system.
European Investment Bank Vice President Nicola Beer speaks to the Associated Press during an interview in Dhaka, Bangladesh, Thursday, Jan. 9, 2025.
The Institute of Bankers was registered on the 6 February 1973 as an association under the Societies Registration Act, 1660 (Act No. XXI of 1660). [2] Before that some eminent bankers and other professionals decided, in a meeting held on 26 July 1972, to establish the institute as a professional body of banks and financial institutions in Bangladesh.
In 2021, Bangladesh Securities and Exchange Commission announced it is investigating Padma Bank following a complaint by Mohiuddin Khan Alamgir, founding chairman of the bank, and letter against him from the bank. [13] Bangladesh Securities and Exchange Commission approved Bashundhara Group's request to purchase a 25 percent stake in the ...