Bangladesh Bank confirms supervision over several foreign commercial banks
What happened
Bangladesh Bank confirmed its supervision over multiple foreign financial institutions on October 17, 2026. These institutions include State Bank of India, HSBC, and National Bank of Pakistan. notes that nine foreign commercial banks hold significant deposits in Bangladesh, with current and savings accounts helping them keep funding costs low.
From thedailystar.net
Why it matters
Foreign commercial banks in Bangladesh rely heavily on low-cost deposits from businesses to maintain healthy profit margins and fund lending to large corporations. The supervision by Bangladesh Bank affects the operational compliance and risk profile of these institutions.
From thedailystar.net
Who's involved
- Bangladesh BankCentral bank of Bangladesh overseeing financial institutions
- State Bank of IndiaForeign bank operating under the regulatory supervision of Bangladesh Bank
- HSBCBritish multinational bank operating under the supervision of Bangladesh Bank
- National Bank of PakistanForeign commercial bank under the supervision of Bangladesh Bank
- Commercial Bank of CeylonForeign commercial bank operating in Bangladesh
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The entities involved
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Bangladesh Bank
central bank of Bangladesh and member of the Asian Clearing Union
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State Bank of India
Indian public sector bank and financial services organization
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HSBC
British multinational bank