Bank & Finance

Industry Desk: The government is preparing an action plan that will focus on helping the businesses to be more competitive in exports to face the new challenges after its graduation to a developing economy.The plan, being prepared by the Economic Relations Division, will include the strategies in the 8th Five…

Propagandist active at home and abroad Golam Mostafa Jibon: An organized syndicate involved with various cyber crimes has become active again to carry different types of propaganda based on rumors against the father of the nation, the Prime Minister and the incumbent government with a view to create instability across…

Faces Tk 13,000 cr liquidity shortfall now Among the reasons behind the negative cash flow of the bank, non-recovery of outstanding loans and lower collection of deposits are significant Golam Mostafa Jibon: Country’s banking sector has been facing acute crisis of liquidity due to manifold problems caused by ongoing corona…

Staff Correspondent: Banking sector’s profitability in Bangladesh would remain under pressure due to high provisioning requirements and a bleak forecast for the credit growth. This will happen due to prolonged economic stagnation, according to Fitch Solutions in a recent research report. Fitch Ratings Inc. is an American credit rating firm.Weak…

The overall weighted average interest rate spread in the country’s banking sector rose to 3.05 percentage points in March after remaining below 3 percentage points for several months after the implementation of 9-per cent lending rate. The weighted average interest rate is the difference between the weighted average lending rate…

The National Board of Revenue has finalised draft rules on a faster release and disposal of perishable goods to ensure that quality and standards of the goods remain intact. Customs wing of the revenue board on Tuesday published the draft rules tilted ‘Perishable Goods Speedy Disposal Rules-2021’ with a provision…