Economy

Two deputy governors, BFIU head resign amid protest

Shawdesh Desk: Bangladesh Bank’s two deputy governors and the head of the Financial Intelligence Unit (BFIU) have finally submitted their resignations to the government under pressure from officials. Apart from

BB raises cash withdrawal limit to Tk 2 lakh

Shawdesh Desk; A bank account holder can withdraw cash up to Tk 2 lakh a day for this week given the current security situation, according to a Bangladesh Bank circular. The

BB deputy governors forced to leave amid acute protests

Shawdesh Desk: A group of aggrieved Bangladesh Bank officials staged a demonstration in front of the office premises on Wednesday, forcing three deputy governors to leave. Deputy governor Sayedur Rahman

Number of BO accounts drops by 1,07,186 in July

Shawdesh Desk: The number of beneficiary owner’s accounts has seen a significant decline in July, amid prolonged dullness on the country’s stock market and economic worries. According to Central Depository

Banks face cash withdrawal surge as branches reopen

Shawdesh Desk: Banks experienced a surge in cash withdrawals today as they reopened certain branches following three days of additional general holidays. Many people also visited branches to pay electricity,

BB orders freezing of PM’s former assistant’s accounts

Shawdesh desk: Bangladesh Bank on Sunday ordered the freezing of bank accounts belonging to Prime Minister Sheikh Hasina’s former personal assistant Jahangir Alam, his wife Kamrun Nahar and institutions associated

Reserves fall to $20.46 billion after ACU payment

Shawdesh Desk: Bangladesh’s foreign exchange reserves fell below $21 billion after the payment of $1.42 billion in import bills through the Asian Clearing Union (ACU). The ACU payments for May

Bank Asia begins acquisition of Bank Alfalah’s Bangladesh operations

Shawdesh Desk: Bank Asia has commenced the process of acquiring the Bangladesh operations of Pakistan-based Bank Alfalah. This marks the third foreign bank acquisition by Bank Asia. In 2001,