Bank & Finance

Pending loan cases bring havoc in banking Special Correspondent: On the one hand, defaulted loans are increasing, on the other hand, the court cases of financial loans are increasing. But there is no speed in the recovery of these money that are left out of the bank’s charter.Due to legal…

Mahfuz Emran: The flow of foreign loans has increased for development work under different projects. The Executive Committee of the National Economic Council (ECNEC) approved 17 development projects in just two meetings. Where 12 projects depend on foreign loans. Foreign loans of Tk 12,350 crore have been taken under these…

Staff Correspondent: Foreign banks operating in Bangladesh have fulfilled 100% of their annual agri-loan disbursement targets in the first eight months of the current fiscal year.According to data from the Bangladesh Bank, eight foreign-owned banks were given a target to disburse a total of Tk771 crore in agri-loans in the…

Staff Correspondent: The balance order of deposits and loans, which should be there, has broken down in 17 banks. Aggressive loans have been given by these conventional and Shariah-based banks. It has violated the limits set by Bangladesh Bank. Because of this, the concerned banks are in extreme liquidity crisis.…

IMF system calculation to start in June Mahfuja Mukul: According to the International Monetary Fund (IMF) conditions, Bangladesh Bank is going to implement the BPM6 method for calculating foreign currency accumulation from next June. The central bank will officially announce the monetary policy for the second half of the year…

Industry Desk: The once cheaper foreign loan has now turned into a burden for private sector borrowers as they will have to pay an additional Tk60,000 crore against the total foreign currency loan of $24.3 billion thanks to taka devaluation.Back in 2021, when the greenback rate stood at Tk84.8, private…

Staff Correspondent: In March, the third month of this year, remittances (expatriate income) of $68.2 million or Tk 730 crore (at the rate of Tk 107 taka per dollar) are coming to the country every day. If this trend continues, the expatriate income will reach a record $2.11 billion or…

Tk 29,279.82 cr rescheduled in 2022 Staff Correspondent: The amount of rescheduled loans has increased abnormally after the relaxation of loan rescheduling policy. In 2022, Tk 29,279.82 crore of loans were rescheduled in the bank sector. The amount of rescheduled loans in 2021 was Tk 12,379.26 crore. In other words,…

Industry Desk: One year after Russia-Ukraine conflicts, the surge in global food prices that the war triggered has subsided but there are still reasons for worry- prices remain elevated, and new shocks could send them soaring again, according to the World Bank (WB).It said food prices shot up when Russian…

Zarif Mahmud: The ongoing financial crisis has bounded the government to cut all types of allocations including the development activities, foreign trips and car purchase.In addition to purchase of new cars, all types of ‘C’ category schemes have been suspended. Through this, more strictness has been imposed in the field…