Bank & Finance
Bank & Finance
Govt paid off debt with fresh debt!
Farhad Chowdhury : In the first six months (July-December) of the current financial year, the government is taking regular loans from various internal sources. Especially the trend of borrowing from treasury bills and bonds has increased a lot. But the government is paying the loan from one sector to another…
Read More »Interest on bank loans stood 13 pc
Staff Correspondent : The loan interest rate has increased to the highest level after the bank lifted the 9-6 interest rate. Interest rates on loans rose further to over 13 percent as interest rates on Treasury bills rose sharply. Banks will charge 13.11% interest on loan disbursement next month.The margin…
Read More »Inflation to be terrible for increased electricity price
Zarif Mahmud : Due to inefficiency and mismanagement, fuel prices are being increased again and again, noted economist and former governor of Bangladesh Bank Salehuddin Ahmed said that rental-quickrental electricity has caused great damage to the economy.Media asked this analyst for his opinion on the decision that the government is…
Read More »Restoring people’s confidence vital for boosting insurance sector
Special Correspondent: President of the Bangladesh Insurance Forum (BIF), BM Yusuf Ali, has emphasized the need to address the crisis of confidence among the people towards the insurance sector to facilitate its development in the country. “The insurance sector holds significant potential in our country. However, there remains a crisis…
Read More »12 banks taken Tk 65,000 cr loan against $580m security
Zarif Mahmud : Commercial banks have started borrowing money by depositing dollars in the central bank through currency swaps to meet the liquidity crisis. A total of 12 banks have deposited $58.80 billion in the central bank since the beginning of the currency swap or taka-dollar exchange. On the contrary,…
Read More »Khurshid and Habib made new Deputy Governors
Staff Correspondent : Two posts of Deputy Governor of Bangladesh Bank have become vacant due to the retirement of AKM Sajidur Rahman Khan and Abu Farah Mohammad Naser. The executive director Khurshid Alam and chief economist Dr. Md. Habibur Rahmanof central bank are going to be appointed to those two…
Read More »Bank MD will report BB about board irregularities
Staff Correspondent : If the board of the bank commits any irregularity or takes any decision harmful to the depositors, it should be reported to Bangladesh Bank.The chief executive or managing director (MD) of the concerned bank will report this matter to the central bank.He shall inform the Bangladesh Bank…
Read More »Police seeks interest-free loans for buying cars
Staff Correspondent : The type of crime and criminals in the country is changing. In many cases major crimes are being committed through misuse of technology. The police want to increase their capacity to deal with these. For this reason, interest free loans and financial incentives are being demanded to…
Read More »Thousand crores of taka smuggled thru’ hundi
Some in Kolkata, some in Paris Staff Correspondent : In September 2022, the Criminal Investigation Department (CID) of the police arrested 16 people on the charge of smuggling money abroad through mobile banking. After questioning them, the agency came to know that they had smuggled Tk 207 million in 4…
Read More »Revenue target falls short of Tk 20,000 cr
Zarif Mahmud : The revenue collection of the National Board of Revenue (NBR) has increased in the first six months of the fiscal year. Growth is also in good shape. But the target was not achieved. As a result, the target of revenue collection in the current financial year 2023-24…
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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 …
