BB seeks authority to override law, waive banks' CRR penalties

Bangladesh Bank moves to bolster its regulatory authority to waive, remit, or reduce penalties for banks' Cash Reserve Ratio (CRR) shortfalls in special circumstances as the central bank oversees the largest bank-consolidation effort in nation's history.To this end, sources say, the central bank governor, Dr Ahsan H. Mansur, has sent...

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UNHCR seeks alternative funding as major donors tighten their grip

With contributions from the major donors drying up gradually, the UNHCR, the UN agency for protecting refugees and forcibly displaced communities, is now looking for donations from alternative countries and sources, including Bangladesh, officials said.The UNHCR (United Nations High Commissioner for Refugees) is working with the government as the lead...

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US leaves WHO

LONDON, Jan 22 (Reuters): The United States officially left the World Health Organization (WHO) on Thursday after a year of warnings that doing so would hurt public health in the U.S. and globally, saying its decision reflected failures in the U.N. health agency's management of the COVID-19 pandemic.President Donald Trump...

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Only elected govt can solve all problems, says Tarique

BNP Chairman Tarique Rahman has said that only an elected government can solve all problems. He stated, "There has been a movement, the government has fallen. Now we have to rebuild the country. For the past 15 years, there had been sham elections. In the coming days, if representatives are...

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Affluent banks invest surplus liquidity in lower-interest state instrument

A major cut in the interest rate on standing deposit facility (SDF) can hardly stop affluent banks from loading their surplus funds into the state-guaranteed deposit instrument despite lower gains than that from interbank lending.A cardinal cause is lower call from the call-money market for funds as commercial banks can...

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Prayer Timings (2026-01-24)

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