Bank & Finance
Bank & Finance
10 NBFIs fail to keep provisions
Staff Correspondent : Most of the country’s financial institutions are plagued by irregularities and corruption. Even after disbursing the loan, the institutions are not able to collect it. As a result, these institutions are failing to maintain provisions against bad loans. As of last September, 10 non-bank financial institutions have…
Read More »16 NBFIs are in critical condition
Default loans stood at Tk 21,658 cr Mahfuz Emran : About 30 percent of the loans disbursed in the non-bank financial institutions sector till September last year have already defaulted. Out of these 16 institutions are in very critical condition. 43 to 99 percent of the loans disbursed to these…
Read More »Over Tk 60,000cr borrowed in 4-day
Money shortage in banks Staff Correspondent : At the beginning of the year, the cash crisis in the banks has become evident. To meet this crisis, apart from the central bank, one bank is borrowing from another bank almost every day.As the crisis increases, so does the debt level. In…
Read More »Govt now looking for loans from banks
Zarif Mahmud : Since the beginning of the current financial year, the opposite picture is seen in the government’s debt. The government has taken a record loan from Bangladesh Bank in the previous financial year. However, from the beginning of the current fiscal year 2023-24, the government has taken more…
Read More »Foreign investments halved in capital market
Effect of Floor Price Staff Correspondent : The capital market plays an important role in keeping the wheels of the economy moving in the developed world. But the opposite is the case in Bangladesh. Investors are losing money in the clutches of the manipulation cycle. Foreign investment has also halved.…
Read More »Vessel and container handling decreased
Ayub Ali: The ongoing dollar crisis has reduced the import and export of the country. In this, the arrival of ships through the country’s main seaport has decreased by 256 and container handling has decreased by about 92 thousand TUS. And if the dollar crisis does not end, the traders…
Read More »Banks aren’t capable to recover default loans
Mahfuja Mukul: The total amount of defaulted loans in Bangladesh is Tk1 lakh 183 crores.Finance Minister Aham Mustafa Kamal disclosed the list of top 300 defaulting institutions of Bangladesh in the Parliament few months ago, in whose hands about Tk 51 thousand crore are stuck.Meanwhile, the amount of defaulted loans…
Read More »Dollar crisis to be main challenge
Economy of new year Zarif Mahmud: In 2023, the dollar crisis mainly pressures the economy. The dollar crisis was the main catalyst behind various concerns, including falling exchange rates and reserves, pressure on foreign debt repayments, inflation, problems opening LCs. Economists and bankers see the transition from the dollar crisis…
Read More »Interest rates on foreign loans to be decreased
Rabiul Haque: There is good news for the economy of Bangladesh in the new year. The interest rate of foreign loans will decrease in the international market.Central banks in major economies will not raise interest rates as global inflation comes under control. As a result, the interest rate of foreign…
Read More »Islamic banks become strong rivals of conventional banks
Enayet Karim: The extent of Islamic banking in the country is gradually increasing. In the past two and a half decades, Islamic banks have become strong rivals to state-owned commercial and private conventional banks in terms of deposit collection, lending and rendering other banking and financial services.The journey of Islamic…
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