Bank & Finance

Reasons behind the collapse of remittance Mahfuz Emran: When the country’s dollar crisis is at its peak, expatriate income has collapsed. In the recently departed month of September, the expatriate income came to $134.37 million. In Bangladeshi currency (one dollar is equal to Tk 109.50), the amount is Tk 14,712…

Ministry instructions to speed up Farhad Chowdhury: According to the plan, the implementation of the budget on time and properly is still a big challenge, according to the Ministry of Finance. The finance department of the finance ministry said that there is no proper plan in terms of revenue collection…

Staff Correspondent: The regulatory body of the capital market-BSEC has approved the bond issue of three institutions of the banking sector listed in the capital market, One Bank Limited, BRAC Bank Limited and Dutch-Bangla Bank Limited for Tk 1,700 crore. BSEC Chairman Professor Shibli Rubaiyat-ul-Islam presided over the 883rd commission…

Rafiqul Islam Azad: The number of accounts with deposits in crores of taka is steadily increasing in the country’s banks, despite the ongoing financial crisis, rising commodity prices, and inflationary pressures. At the end of June last year, the number of these depositors in banks had risen to 113,000. According…

Staff Correspondent: The country’s banking sector is grappling with a historic high of Tk 156,039 crore in non-performing loans (NPLs) as of June this year, primarily attributed to the persistent issues related to corporate governance in the sector.In the last three months leading up to June, bad loans surged by…

Zarif Mahmud: The first glasses store in the country was opened in Old Dhaka. It was the end of the British rule. Fifty years have passed since the independence of the country. However, this sector is still dependent on imports. There is no big domestic investment in the market of…

Fareast Life running out of life Mahfuz Emran: Fareast Islami Life Insurance was once a leading life insurance company in the country. The company is now in dire straits due to massive looting and irregularities by the owners. As the days go by the life fund of the company is…

2.19 times increase in six years Rafiqul Islam Azad: The amount of foreign debt status of Bangladesh reached to 99 billion dollars at the end of the outgoing financial year with the increase of foreign debt by 3.23 billion dollars in the last three months. According to updated report of…