Bank & Finance

Zarif Mahmud : Bangladesh Bank plans to merge strong banks with weak banks. In the meantime, Shariah-based Exim Bank has signed an agreement in the presence of the Governor to merge Padma Bank, which is vulnerable to various irregularities.However, development and economics researcher Professor Zia Hasan has identified six weaknesses…

ACC to file suit soon Staff Correspondent : The Central Bank has foiled an initiative of Southeast Bank to suck huge amount of profit humiliating the share market. Which are allegedly Southeast Bank practices earlier several time and gained huge profit, depriving the individual and institutional clients. It is one…

Mahfuz Emran : Bangladesh is going to start direct transactions with China to increase transactions in alternative currencies to the dollar. For this, Bangladesh Bank is opening an account in the country’s central bank People’s Bank of China. At the same time, initiatives have been taken to join China’s CIPS…

Foreign currency openly trading Rabiul Haque : Illegal hundi business of huge amount is going on openly in the bank booths of the airport. Some officers and employees of the bank are involved in this illegal business. Behind this is a huge syndicate of hundi traders.Anti-corruption commission has recently conducted…

Zarif Mahmud : The International Monetary Fund (IMF) has continued to press for the dollar to be market-based. Remittances will increase if rates are quickly market-based. Export income will also return quickly. However, Bangladesh Bank has informed them that there is currently no environment to base the rates on the…

Special Correspondent : The banking landscape in Bangladesh is experiencing a seismic shift as stable banks grapple with the initiation of a merger process aimed at integrating weaker institutions into stronger ones. The recent Memorandum of Understanding (MoU) signing between Exim Bank and Padma Bank has kickstarted this consolidation effort,…

Staff Correspondent : About Tk 384 crore are spent every year on printing different denominations of taka (currency) used as a medium of exchange in the country. Emphasizing the implementation of cashless transactions to save costs, it was said in a related meeting that to implement universal cashless transactions, all…

Staff Correspondent : Private sector Padma Bank has signed a memorandum of understanding with Exim Bank for the purpose of merger. Henceforth the bank will operate under the name Exim Bank.The agreement was signed in the presence of Bangladesh Bank Governor Abdur Rauf Talukder on Monday. Padma Bank Chairman Afzal…

Per capita debt stood at Tk 63,000 Rabiul Haque : Bangladesh’s foreign debt is increasing day by day. This debt has more than doubled in eight years. According to the data of Bangladesh Bank, at the end of last September, foreign loans taken by the public and private sectors stood…

Zarif Mahmud : Most of the total loans of the banking sector are concentrated in Dhaka and Chittagong divisions. At the end of last December, the total loan amount of the banking sector stood at Tk 15 lakh 38 thousand 343 crores. Compared to the previous year, which is Tk…