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Tanners get Bangladesh Bank incentive for factory relocation

Tanners get Bangladesh Bank incentive for factory relocation

The central bank yesterday (2 November 2014) declared an incentive package for tanners to help them move hazardous factories to a designated industrial park in Savar. Tanneries which have already…

Bangladesh Bank gives nod to set up two more NBFIs

Bangladesh Bank  gives nod to set up two more NBFIs

Bangladesh Bank on Wednesday gave the go-ahead for setting up two new non-bank financial institutions (NBFIs) on the basis of political consideration, said officials of the central bank. The two…

Bangladesh Bank launches software to fight against money laundering

Bangladesh Bank launches software to fight against money laundering

Bangladesh Bank on Monday launched a software to strengthen its fight against money laundering and terrorist financing. The BB governor Atiur Rahman inaugurated the software, goAML, at the central bank…

Bangladesh Bank announces cautious monetary policy

Bangladesh Bank announces cautious monetary policy

Bangladesh Bank has announced the monetary policy for the second half of the current fiscal, which the governor has described as cautious and investment-friendly. The policy for the second half…

Investment Promotion and Financing Facility available for private sector

Investment Promotion and Financing Facility available for private sector

Bangladesh Bank (BB) governor Dr Atiur Rahman Tuesday urged the private sector entrepreneurs to avail the facility of Investment Promotion and Financing Facility (IPFF) fund at a low interest rate…

Bangladesh bank sits today to devise an incentive plan for business

Bangladesh bank sits today to devise an incentive plan for business

The country’s banks are facing difficulties to meet the businessmen’s demands for low cost finance as a contingency measure to help overcome the setback in business due to the prolonged…

Bangladesh Bank to introduce ‘Inter-bank transaction matrix’

Bangladesh Bank to introduce ‘Inter-bank transaction matrix’

DHAKA, DEC 19: With an aim to prepare banks and non-bank financial institutions (NBFIs) for withstanding financial crisis and make them aware of potential threats, endogenous or exogenous, Bangladesh Bank…

Bangladesh Bank advises govt to subsidise costs of export loans

Bangladesh Bank has proposed the government give a 3 percent subsidy on export-loan interests so that garment makers affected by ongoing political unrest could make up for their losses. Currently,…

Bangladesh Bank, customs to exchange real-time export, import data

The Bangladesh Bank and the customs department will exchange export and import related data through an online system on real time basis from next week to check money laundering and…

Cost of funds index launched for non-bank financial institutions

Cost of funds index launched for non-bank financial institutions

The central bank yesterday introduced a cost of funds index (COFI) for non-bank financial institutions, which would help the institutions set base interest rates properly for borrowing and lending and…

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