Bank & Finance
Bank & Finance
Most banks borrowing from central bank
Acute liquidity crisis Syed Nasir Hossain : Even after Eid-ul-Fitr, the liquidity situation in the country’s banking sector has not stabilized. Rather, the cash crisis has increased in most of the banks. Two-thirds of the banks are borrowing money from the central bank to meet daily transactions. Last Monday also,…
Read More »Merger of City Bank and Basic Bank
Shareholder’s statement Prof. Abu Ahmed: I am a small shareholder of City Bank. I have been a shareholder of this bank for more than a century. A few years ago, when IFC, the investment wing of the World Bank, bought the shares of the bank and became a management partner…
Read More »Depositors fearing bank mergers
Withdrawing savings Mahfuja Mukul : Panic has spread throughout the banking sector over the merger of strong with weak banks. Especially the depositors are suffering from the dilemma of whether or not to keep money in the bank. Many savers are withdrawing money from banks fearing that they will not…
Read More »Remittance flows from Saudi, US decreased
Staff Correspondent: In the first 9 months of the current financial year, the remittance flow to Bangladesh from the United States, which ranked first in remittances or expatriate income last fiscal year, has decreased. A decrease of about 31 percent from the country. Remittances from countries like United Arab Emirates…
Read More »Panicked depositors withdrawing money
Over Tk 2000cr withdrawn from Basic Bank; Tk 100 cr from BDBL Zarif Mahmud : A kind of panic has spread in the entire banking sector centered on the process of merging the weak with the strong and the government bank with the private. Especially, most of the depositors are…
Read More »ERD in search of foreign aid
Staff Correspondent: Government takes up projects under Annual Development Program (ADP) every fiscal year. There is no shortage of efforts to implement foreign aided projects in addition to own financing. That is why foreign aided projects are given priority in accepting projects in ADP every financial year. In line with…
Read More »Bangladesh tourist arrivals surge over 60pc in India during 2023
Special Correspondent: Lack of strong political commitment, mistrust among political leaders in South Asia, security issues, and the poor vision of bureaucrats perhaps stand in the way of launching on-arrival visas between Bangladesh and India despite the expectations of most tourists in both South Asian countries, sources said. Bangladesh and…
Read More »BB won’t accept anymore merger proposals
Staff Correspondent : The Bangladesh Bank has decided not to accept any further proposals for bank mergers at the moment, as it has already received five proposals for mergers.State-run Sonali Bank aims to acquire Bangladesh Development Bank Limited, while Bangladesh Krishi Bank intends to take over Rajshahi Krishi Unnayan Bank.Private…
Read More »Bangladesh’s economy under huge pressure
Mahfuja Mukul : The World Bank has predicted that Bangladesh’s gross domestic product (GDP) will be lower than the target in the current financial year 2023-24. Besides, the organization also thinks that the country’s economy will be under pressure in the short term. Economists of the World Bank have brought…
Read More »Now time to reform budget
Farhad Chowdhury : The new government has only been in place for a few months since the election. This is the best time to bring reforms in the budget. The country’s economy is going through various adversities and crises. In this situation, quality government expenditure management is essential to continue…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
