Bank & Finance

9 banks in red zone Staff Correspondent : The central bank released the banking sector’s health index when the banking industry of the country is in a deep crisis. This message has intensified the fear of depositors and clients of banks not to continue business with the poor performing banks.Considering…

For high interest rate Savings paper sales lowered by Tk 1,287 cr in JanBank deposits increased by Tk 13,259 cr in Dec Mohiuddin Farazi : People are going to the bank leaving the savings card. As interest rates on bank deposits have recently increased more than interest rates on savings…

Depositors won’t suffer: BB Staff Correspondent : Bangladesh Bank said that even if a bank is merged, there will be no loss to the interest of its depositors. The regulatory body said that banks can voluntarily merge until December this year. Then in March next year, a decision will be…

Offshore oil-gas exploration Rabiul Haque : International tenders are being invited for oil and gas exploration in the country’s offshore waters with the potential to yield significant amounts of gas. After eight years, this tender may be called on Sunday. Petrobangla believes that 55 international companies can participate in the…

Dr. Enayet Karim : Reforms or mergers in the banking sector of Bangladesh are now quite certain. Margin may start within this year. If the weak banks do not merge voluntarily during this period, it will be done under pressure from next year. Mergers are not to blame; Rather, it…

Amount of write off loans in 2023 was Tk 67,440 cr Zarif Mahmud : Due to lack of good governance in the banking sector, political influence, multi-faceted irregularities-corruption and forgery-debt collection is continuously decreasing. Due to non-payment of loans within the stipulated time, the defaulted loans are increasing. Even among…

Banks offer more interest than govt securities Mahfuz Emran : Liquidity of banks have been increasing gradually due to the rise of interest rate in bank comparing to the rate of government securities. Some of the banks have been offering interest on deposit at 13.50 percent whereas, the interest rate…

Staff CorrespondentIn January this year, the amount of defaulted loans in the agricultural sector stood at Tk 4,336 crores. At this time of the last financial year, the amount of defaulted loans was Tk 3,905 crores. In other words, the defaulted loans in the agricultural sector have increased by Tk…

Incurs 20pc of total NPLs Mahfuja Mukul : The total non-performing loans of two agriculture financing banks have stood at Tk 31,200 crore till December 2023, which is 20 percent to the total overdue loans of the banking sector of Bangladesh.According to the latest Bangladesh Bank report, at the end…