Rumeen Farhana slams govt over rise in crimes in its first 100 days 08.06.2026

Bangladesh Bank Governor Mostaqur Rahman announced initiatives to amend the Money Loan Court Act and draft a Distressed Asset Management Company Act to expedite loan recovery and resolve non-performing loans. He revealed that approximately $25 million in assets have been frozen in the UK as part of the Stolen Asset Recovery Initiative, with efforts underway for repatriation. At a meeting with the Editors' Council in Dhaka, Rahman emphasized the need for a politically independent banking sector, focusing on professionalism, accountability, and corporate governance. The central bank is also pursuing a digital financial ecosystem with digital nano-loans, AI-based credit assessment, credit bureaus, and the "One Citizen, One Identity, One Wallet" concept. Additionally, expedited foreign exchange approvals for medical treatment abroad and reduced interest rates on Usance Payable at Sight bill discounting were discussed, alongside progress on the bank consolidation program.




















