The Bangladesh Bank, acting as the nation’s central financial regulator, has issued a comprehensive circular on Tuesday, 5 May 2026, significantly increasing the credit ceilings for automobile financing. Under the new directives, customers are now eligible to secure bank loans of up to 8 million BDT (80 lakh) specifically for the procurement of electric and […]

The Anti-Corruption Commission (ACC) of Bangladesh has formally initiated an investigation into officials of Eastern Bank PLC (EBL) following allegations of financial misappropriation and the fraudulent issuance of credit cards. The probe focuses on the suspected embezzlement of 547,143 BDT and the subsequent financial harassment of individuals targeted by the scheme. The decision to pursue […]

Bangladesh Bank has issued a comprehensive set of instructions to scheduled banks, mandating the swift disbursement of credit to leather traders. This initiative aims to ensure the seamless collection, preservation, and marketing of raw hides during the upcoming Eid-ul-Azha festival. The directive, announced on Tuesday, 5 May 2026, emphasises the strategic importance of the leather […]

The foreign exchange reserves of Bangladesh have demonstrated a sustained upward trajectory, reaching a new milestone of $35,305.42 million, equivalent to approximately $35.30 billion. This development underscores a period of relative stabilisation in the nation’s external sector accounts as the central bank continues to manage liquidity amidst evolving global economic conditions. Official Confirmation and Statistical […]