Bank & Finance
Bank & Finance
4-bank unable to pay $300 m BPC oil bills
Syed Nasir Hossain : The dollar crisis in the country is still not over. In this, the importers are confused about the opening and settlement of the LC for the import of goods. The state-owned Bangladesh Petroleum Corporation (BPC) has not been spared from this. Due to the dollar crisis,…
Read More »Banking sector facing confidence crisis
Mahfuja Mukul: Various incidents in the banking sector have repeatedly peeked through the year. One of them was the fluctuation of the customer’s trust in the bank. Many customers have withdrawn money from the bank. Bank counters are called to withdraw money. Bangladesh Bank increases cash in the market by…
Read More »Foreign loan commitments up but disbursements down
Rabiul Haque: Foreign loan commitments to Bangladesh have reached new highs and at the same time debt repayment pressures and costs have increased. However, despite the increase in promises, the discount has decreased. This figure has emerged in the data provided by the Economic Relations Department (ERD). During the July-November…
Read More »LC for consumer goods fell by 44 percent
Impact of dollar crunch Staff Correspondent: The acute dollar crisis has had a negative impact on the import of consumer goods. Importers of consumer goods are not able to open LCs on demand due to lack of dollars. As the import of these products has decreased, LC opening has also…
Read More »Banks borrowing at 12.5 pc interest to meet up crisis
Staff Correspondent: The liquidity crisis in the banking sector is increasing day by day. The interbank currency market is also becoming unstable. On Thursday, banks facing liquidity crisis borrowed at a record 12.5 percent interest rate in this market. This information is known from the report of Bangladesh Bank.Some bankers…
Read More »Banks doing brisk business for dollar
Mahfuja Mukul: The fixed price of import dollar is Tk 110. But in reality, no dollar is available at this price. Have to count Tk 123-124. Sometimes up to Tk 130 is taken. This is how dollar business is going on in almost all banks of the country. A handful…
Read More »Bank deposits increasing
Syed Nasir Hossain: The demand for liquidity in the banking sector is increasing while lending to the government. Besides, the nine-six limit on interest rates has also been lifted. In such a situation, the deposit interest rate is increasing. Banks in particular liquidity crisis are taking relatively high interest deposits.…
Read More »True picture of bank failures even more dire
Expert opinion on CPD report Staff Correspondent : In the report of the private research institute CPD (Center for Policy Dialogue) it has been said that Tk 92 thousand crore have been looted from banks in 15 years. But this is a partial picture. The real facts are even worse.…
Read More »Bank sector lost Tk 92,261 cr in15-yr: CPD
Staff Correspondent: In the 15 years from 2008 to 2023, Tk 92,261 crore have been lost from the banking sector through various financial irregularities.This information was given in a media briefing titled ‘Economy of Bangladesh 2023-24: Ongoing Crisis and Actions’ at CPD office in Dhanmondi on Saturday (December 23) morning.Fahmida…
Read More »Economy under pressure for heavy liquidity crunch
Mahfuja Mukul: National Parliament election on 7th January. Before this election, the country’s economy is under various pressures. This includes the dollar crisis. Slowdown in remittance flow and export earnings. Financial sector in disarray burdened by defaulted loans. The banking sector is in extreme liquidity crisis. Most of the country’s…
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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 …
