Bank & Finance
Bank & Finance
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…
Read More »Call money market overheated ahead of Eid
Staff Correspondent : Commercial banks are increasing their borrowing levels to cope with the liquidity crunch. At the beginning of this month, on Monday, the commercial banks borrowed Tk 25,006.45 crore from the central bank under special liquidity support. On the same day, call money borrowed Tk 2,200 crores from…
Read More »33 banks and 6 NBFIs face punishment
Staff Correspondent: Scheduled Banks and Non-Banking Financial Institutions (NBFIs) are lending to each other in call money (overnight) to meet the pressure of liquidity crunch. There is no need to comply with the maximum interest limit of 9.50 percent fixed by most banks. 33 banks and 6 financial institutions have…
Read More »Banks facing acute liquidity crisis ahead of Eid-ul-Fitr
Mahfuja Mukul: Ahead of the upcoming Eid-ul-Fitr, there is a severe liquidity crisis in commercial banks. The pressure to withdraw cash from the bank has increased. Banks in crisis have borrowed record amounts to deal with the crisis. The amount of which is Tk 32 thousand crores. Out of this,…
Read More »Gas supply narrowing for power generation
Mahfuz Emran : Petrobangla has promised to provide 1290 million cubic feet of gas per day for power generation from April to September. This measure has been undertaken to ensure uninterrupted summer and irrigation power supply.Sources in Petrobangla and Energy Department said that initiatives have been taken recently to increase…
Read More »Southeast Bank involves with many loan scams
Cen Bank, BSEC, ACC conducting inquiries Staff Correspondent : The fraudulent activities of Southeast Bank know no bound as the bank was newspaper headline several times during last few years. The bank has been earning more profit from the share market than the banking operations. The board of the bank…
Read More »Middlemen are main problem
Dr Mohammad Farasuddin Staff Correspondent : Prominent economist and former governor of Bangladesh Bank Dr. Mohammad Farasuddin said middlemen, defaulters and money launderers are the main problems in Bangladesh. It was because of them that the famine of the seventy-fourth century was caused. Because of them, $7 billion of Bangladesh…
Read More »Strawberry farming makes many youths self-reliant
C’ganj Correspondent : Kawsar Habib, 32, has brought economic emancipation in his life through strawberry farming which has also enhanced his level of confidence to a greater extent.Habib, a resident of Kalupur village under Shibganj upazila in Chapai Nawabganj district, is now very much hopeful of making profit worth around…
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