September 23, 2021
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Bank & Finance

Bank & Finance

  • Dickson lauds Bangladesh’s efforts on climate front

    Industry Desk: British High Commissioner to Bangladesh Robert Chatterton Dickson yesterdayrecognised Bangladesh’s leadership role in the realm of climate change mitigation and adaptation, and applauded the tremendous achievements of Bangladesh that it will present at COP26.Addressing a webinar, the High Commissioner highlighted four individual aspects of tackling climate change –…

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  • Loan recovery frustrates regulatory authorities

    Most banks recover less than 1pc of outstanding loans Mahfuja Mukul:The banking sector of the country has posted down graded performances during the first eight months of current calendar year. Most banks neither been able to earn any significant amount of profit nor been able to recover outstanding loans. As…

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  • Govt cuts interest rates on savings certificates

    Staff Correspondent: The government yesterdayreduced the interest rates on all types of savings certificates.Under the new rules, those who have invested more than Tk15 lakh in five-year savings certificates, will get a 10.30% profit at the end of the term.If the investment is more than Tk30 lakh, the profit rate…

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  • Bankers condemns misleading reports on BB Governor

    Staff Correspondent: The Association of Bankers Bangladesh (ABB) yesterday slammed reports containing “misleading headlines and information” about its meeting with Bangladesh Bank Governor Fazle Kabir.According to ABB, the reports published in media outlets allegedly misrepresented the nature of the meeting that took place among BB Governor and ABB representatives, reads…

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  • Governance of financial sector needs to be improved

    Says BB governor Staff Correspondent:The financial sector needs further improvement in governance, said Bangladesh Bank Governor Fazle Kabir.He made the remark while speaking as the chief guest at an event organised yesterday to honour the top taxpayers of the country.Thirty banks and financial institutions of the country were honoured as…

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  • BB wants audit of 9 e-commerce businesses over scams

    Staff Correspondent: Bangladesh Bank has sent a letter to the Ministry of Commerce asking them to appoint auditors to investigate the finances of nine e-commerce platforms that are facing allegations of financial irregularities and cheating customers.“We told the ministry that we need a third party to audit these companies to…

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  • Gamblers take control of BD share market!

    Golam Mostafa Jibon: Allegation has been intensified that country’s stock market has now gone under the hands of gamblers that spoiling normal atmosphere and expanding risk.According to the sources, Mithun Knitting and Dyeing (CEPZ) Limited has not paid any dividends to investors for the last four years. According to the…

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  • Nagad barred from opening TCSAs without BB nod

    Staff Correspondent: Banks have been asked not to open trust cum settlement accounts (TCSAs) under Nagad Limited unless it gets approval from the postal department and the Bangladesh Bank (BB).The central bank issued a letter to banks on September 2 in this regard.Nagad is the brand name of the BPO’s…

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  • Structural reforms for easy loan disbursement process urged

    Staff Correspondent: Structural reforms of loan disbursementprocess, less documentation process, establishing a specialized SME bank, acomprehensive SME database, policy reforms, bank-SME good relation, cash flow-based loan sanction, considering working capital loan as term loan andconsidering large and small investors equally will pave the CMSMEs toflourish as the sector is the…

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  • Punishment for buying savings certificates with false info

    The cabinet has given final approval to the draft of Public Debt Bill, 2021 to make the existing law time-befitting with a provision of ensuring punishment in case of obtaining debt with false information.The approval came from a weekly meeting held virtually with Prime Minister Sheikh Hasina in the chair…

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