Trading Halted for Five Banks Ahead of Major Merger
Share trading for five Islamic banks in Bangladesh has been suspended following a central bank declaration of non-viability, initiating a major merger process.
#Banking#Bangladesh#Bank Merger
#Bangladesh
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IMF Scrutinizes Bangladesh Banks Over Capital Shortfall
The IMF has raised serious concerns over Bangladesh's banking sector, where a capital shortfall has exceeded Tk1.55 lakh crore across 24 struggling banks.
#Bangladesh#IMF#Banking
Bangladesh Bank Mandates Stricter Shariah Oversight for Islamic Banks
Bangladesh Bank has issued mandatory new guidelines for Islamic banks, empowering Shariah committees to report non-compliant boards directly to the central bank.
#Bangladesh Bank#Islamic Banking#Financial Regulation
Bangladesh Court Orders RCBC to Forfeit $81 Million
A court in Dhaka has ordered the Philippines' Rizal Commercial Banking Corporation to forfeit $81 million related to the 2016 Bangladesh Bank cyber heist.
#Bangladesh Bank Heist#RCBC#Financial Crime
Bangladesh Banking Crisis Deepens as Distressed Assets Hit 61%
Distressed assets in Bangladesh's banking sector have surged to Tk11 lakh crore, or 61% of total loans, up from 45% nine months ago, experts reveal.
#Bangladesh#Banking Crisis#Financial Regulation