Tag Archives: Bangladesh Bank

Probe body to investigate Bangladesh Bank’s fire

probe

MNA Business Desk: Fire Service and Civil Defence has formed a five-member probe committee to investigate into the fire incident took place at Bangladesh Bank building Thursday night. Bangladesh Bank has also filed a general diary over a fire in its offices without mentioning the extent of the damage. The general diary describes the fire but it does not say how it started on Thursday, said Motijheel Police. The fire, broken out at Bangladesh Bank building has been doused after an hour of frantic efforts of the fire fighters. The probe body has been asked to submit their report within ...

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Salary payments through mobile banking: BB

reserves

MNA Business Desk: Giving a clarification about cash-out and cash-in services through mobile banking, Bangladesh Bank deputy governor Md. Moniruzzaman on Monday said that the restriction that the central bank imposed on January 11 is applicable only in case of the personal transactions. Briefing reporters at the central bank conference room on the transaction limits of the mobile financial services (MFS) like BKash and M-Cash, he said the central bank is trying to reduce the cost of MFS, reports UNB. Currently, MFS charges a customer 2 per cent on the amount of transaction. Moniruzzaman said as per the BB restriction, ...

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NRBs permitted to open foreign currency deposit account

Community Bank

MNA Business Desk: All non-resident Bangladeshis (NRBs) are permitted to open non-resident foreign currency deposit (NFCD) accounts with authorised dealers (ADs), according to a Bangladesh Bank circular issued on Monday. Such NRBs include persons of Bangladesh origin including those who have dual nationality or are residing abroad, reported news agency. The circular said account-holders can maintain the accounts as long as they desire and the eligible persons are also allowed to open such accounts at any time after their return to Bangladesh. “This is to clarify that NRBs may, after their return to Bangladesh, open NFCD accounts with ADs to ...

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Bangladesh Bank to publish monetary policy today

Community Bank

MNA Business Desk: Bangladesh Bank (BB) governor Fazle Kabir will unveil the monetary policy statement for the second half of the financial year 2016-17 on Sunday, reported news agency. The governor would also brief journalists at the central bank headquarters in the city, about the focus areas of the policy, said a central bank release. A BB senior official earlier told BSS that the monetary policy has been prepared to give special importance to various sectors, including investment, Small and medium enterprise (SME) and idle money in the banking system, to help accelerate growth and investment. On 26 July 2016, ...

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23 foreign citizens involved in BB heist: CID

CID

MNA Business Desk: The Criminal Investigation Department (CID) of police on Saturday claimed that they have found the involvement of 23 foreigners in the $ 101-million cyber heist from Bangladesh Bank’s account with the US Federal Reserve Bank. The foreigners collected the heist money from the Philippines casino and handed over to the mastermind.He, however, did not disclose the names of the countries. “Apparently, the mastermind of the heist collected the transferred money though Philippines casino and cashed out the sum using 23 field operatives,” Additional Deputy Inspector General Shah Alam of CID (Organised Crime) told reporters. “We are trying ...

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Five detained with TK 10 million counterfeit notes

counterfeit notes

MNA National Desk: Rapid Action Battalion (RAB) detained five alleged members of a currency note forging gang, including two women, in possession of about TK 10 million counterfeit notes in the city’s Banasree and Jurain areas early on Thursday. The arrestees were recognized as Abdur Rashid, a former Bangladesh Bank official, Dulal Miah, Sarwar Hossain, Fatema Akter and Rubina Begum, reported news agency. Mizanur Rahman Bhuiyan, Senior Assistant Superintendent of Police (media wing) of the RAB Headquarters said, a team of RAB-1 arrested the five members of the note counterfeiting gang in separate drives in Banasree and Jurain areas in ...

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Adjustment of the excessive investment by Bangladesh Bank

MNA Business Desk: The policy-support function of Bangladesh Bank has already started working for adjustment of the excessive investment by the banks which they have invested on solo and consolidated basis. Subhankar Saha, Executive Director of Bangladesh Bank, has said that in a press briefing at the central bank. On Monday, he said the Bangladesh Bank has already introduced its ‘policy-support’ operations for revitalizing the capital market. Though it is observed that, the capital market is currently going through a depressive movement. The banks will not need to sell out their shares under the policy-support initiative. Moreover these shares will ...

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SWIFT technicians left Bangladesh Bank vulnerable to hackers

It is becoming more visible day by day that SWIFT technicians left Bangladesh Bank system vulnerable to hackers. Bangladesh’s central bank became more vulnerable to hackers when technicians from SWIFT, the global financial network, connected a new bank transaction system to SWIFT messaging three months before a $81 million cyber heist, Bangladeshi police and a bank official alleged. Technicians from SWIFT (Society for the Worldwide Interbank Financial Telecommunication), connected a new bank transaction system to SWIFT messaging three months before an $81 million cyber heist. And that time Bangladesh become more vulnerable to hackers. Mohammad Shah Alam, the head of ...

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