Bank & Finance

Vulnerable condition Zarif Mahmud: The country’s banking sector has become overwhelmed with defaulted loans. At the end of last June, defaulted loans stood at Tk 2 lakh 11 thousand 392 crores. Some banks are not able to keep the required provision of customer security against these defaulted loans. Among them,…

Staff Correspondent: A Dhaka court yesterday asked Criminal Investigation Department (CID) to submit the probe report in the Bangladesh Bank cyber heist case by October 28.Metropolitan Magistrate Mosharraf Hossain passed the order after Raihan Uddin Khan, additional superintendent of police and also investigation officer of the case, failed to submit…

Staff Correspondent: Bangladesh Bank has abolished the current board of directors of private sector United Commercial Bank (UCB), Global Islami Bank and Union Bank. At the same time, the bank has also constituted the new board of directors of the three banks.Two of UCB’s board are shareholders and the remaining…

Staff Correspondent: In a bid to combat surging inflation, Bangladesh Bank has implemented significant measures, including a series of policy rate hikes aimed at reducing the money supply and encouraging savings. The central bank on Sunday raised its key policy rate by 50 basis points to 9%, effective from Tuesday.This…

Staff CorrespondentBangladesh’s inward remittance inflow has witnessed a massive 36 per cent surge amounting to US$406 million in the first 20 days of August 2024 compared to the same period last year.During the first 20 days, Bangladesh received a total of $1.5 billion in inward remittance. The amount was $1.12…

Staff Correspondent: Bangladesh Bank has imposed a ban on disbursement of loans to 6 banks under the control of S Alam – Islami Bank Bangladesh, Social Islami Bank, First Security Islami Bank, Union Bank, Global Islami and Bangladesh Commerce Bank.This information was gained in a letter of Bangladesh Bank which…

BB unethically provide the loan Mahfuja Mukul: During the time of former governor Abdur Rauf Talukder, Bangladesh Bank has given a loan of about Tk 41 thousand crores to the government in 62 days by concealing the information. This huge loan was given at the end of the last financial…

Zarif Mahmud: Seven banks are in serious uncertainty over Tk 36,000 crore loan of Beximco Group, owned by former prime minister Sheikh Hasina’s private industry and investment adviser Salman F. Rahman. It has borrowed from seven public and private banks. Most of these loans are taken without adequate collateral. Again,…

Ahsan H Mansoor served in the Middle East and Central Asia Department of the International Monetary Fund from 1996 to 2007 Mahfuz Emran: Dr. Ahsan H Mansoor is the newly appointed Governor of Bangladesh Bank. Prior to this, he served as the Executive Director of the Policy Research Institute, International…

Staff Correspondent: Finance advisor Salehuddin Ahmedhas ordered to make a list of names of those involved in money laundering. And to bring the smuggled money back to the country, he asked to review the laws of the respective countries as well as the existing laws.He also asked to take steps…