Bank & Finance
Bank & Finance
Tk 1,600 cr of 4 govt banks stuck in NBFIs
Less chance to get back Staff Correspondent: Over Tk 1,600 crore of four state-owned commercial banks are stuck with some weak non-bank financial institutions. According to the 2022 financial report of state-owned Sonali, Rupali, Agrani and Janata Bank, out of which Tk 1,392 crore have been kept as fixed deposits…
Read More »Loan repayment pressure increasing
$87 m paid in 3-month Mahfuja Mukul: Bangladesh under the pressure of foreign debt repayment. In the first three months of the current financial year, $870 million have been disbursed, which in local currency (at Tk 110 per dollar) is about Tk 9,570 million.But during the same period of the…
Read More »Hand money returning to bank: BB report
Farhad Chowdhury: The trend of keeping money in people’s hands is decreasing. Deposits are more than withdrawals from the bank. The movement of cash outside the banking system has been decreasing for 3 consecutive months.At the end of June this year, the amount of cash outside the banks was close…
Read More »Bank MDs worried about dollar price
Selling Tk 127 in open market Mahfuz Emran: Association of Bankers Bangladesh (ABB) and Bangladesh Foreign Exchange Dealers Association (BAFEDA) held an emergency meeting with Central Bank Governor Abdur Rauf Talukdar on Thursday (November 9) to control the market in the unstable situation of the dollar market in the country…
Read More »BB doesn’t give loan to govt in 2-month
No new notes printed Zarif Mahmud: Bangladesh Bank issued loan to the government by printing a record amount of new money through development measures last financial year without responding to the advice given by the country’s economists for a long time. Inflation has increased abnormally. Therefore, Bangladesh Bank decided not…
Read More »Dhaka Tobacco dodges over Tk 11,000 cr VAT
Saleh Ahmed Hussain: Tobacco is injurious to health. Still, the government does not ban tobacco considering the revenue. Day after day multinational companies are making billions of taka in profit. Despite earning huge profits, the country’s second largest cigarette manufacturing company, Dhaka Tobacco Industries, has evaded about Tk 11 thousand…
Read More »Govt taking loans from foreign banks
In foreign currency Mahfuz Emran: To reduce the pressure on the country’s foreign exchange reserves and to deal with the existing dollar crisis, the government has taken the initiative of taking commercial loans in foreign currency from foreign banks. As part of this, efforts are being made to take loans…
Read More »Banks are helpless for liquidity crisis
Mahfuja Mukul: Disbursed loans by banks are not being recovered. Most of the customers are not repaying the installments of their outstanding loans due to ongoing economic meltdown. Some commercial banks have become helpless. Banks that have never faced cash crisis are now turning to the central bank to meet…
Read More »Hundi still hinders increase of remittance
Zarif Mahmud: The government is giving two and a half percent incentive to increase remittance flow through legal channels. However, the trend of sending money to hundi has not decreased. Banks have announced another two-and-a-half percent incentive as remittance flows have slowed in the last few months. All in all,…
Read More »Foreign loan interest payment up 176pc
Saleh Ahmed Hussain: The government’s expenditure on interest payments on foreign loans has increased significantly. In the first quarter of the current financial year, compared to the same period of the previous financial year, the government’s expenditure on this sector has increased by 176 percent. Between last July and September,…
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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 …
