Bank & Finance

Expert opinion on CPD report Staff Correspondent : In the report of the private research institute CPD (Center for Policy Dialogue) it has been said that Tk 92 thousand crore have been looted from banks in 15 years. But this is a partial picture. The real facts are even worse.…

Staff Correspondent: In the 15 years from 2008 to 2023, Tk 92,261 crore have been lost from the banking sector through various financial irregularities.This information was given in a media briefing titled ‘Economy of Bangladesh 2023-24: Ongoing Crisis and Actions’ at CPD office in Dhanmondi on Saturday (December 23) morning.Fahmida…

Mahfuja Mukul: National Parliament election on 7th January. Before this election, the country’s economy is under various pressures. This includes the dollar crisis. Slowdown in remittance flow and export earnings. Financial sector in disarray burdened by defaulted loans. The banking sector is in extreme liquidity crisis. Most of the country’s…

Call money market also over heated Staff Correspondent: Due to the liquidity crunch, the tendency of commercial banks and financial institutions to borrow has increased. Borrowing more recently than before. Among them, the largest amount is borrowed from the central bank.Apart from this, commercial banks are also borrowing from themselves.…

Farhad Chowdhury: Bangladesh has occupied the top position in the export of knitwear to the European Union (EU), leaving behind its main rival, China. From January to September this year-in these 9 months, Bangladeshi exporters have exported net garments worth $9 billion and China exported $8.96 billion.BGMEA has informed this…

Staff Correspondent: The World Bank predicts that Bangladesh will receive $23 billion in remittances in 2024. The World Bank said that the same remittance will reach Bangladesh this year as well.According to the World Bank’s latest Migration and Development Brief released on Monday (Dec 18), Bangladesh’s official remittance growth may…

Staff Correspondent: After the arrival of new potatoes in the market, the price fell to Tk 60 per kg within a few weeks. Now the price of potatoes has started to increase again. Potatoes are now selling at Tk 70 to Tk 80 per kg in the market. Which is…

Status of money decreased significantly Zarif Mahmud: Although the total deposit inflow in the banking sector has slightly increased, the status of deposits as current or withdrawable at any time is now on the downward trend. Due to the economic recession, people’s income has decreased and the standard of living…

Staff Correspondent: The amount of capital deficit in the banking sector has increased significantly. In the last three months, the capital deficit of 14 banks increased by Tk 3,764 crore to Tk 37,508 crore. Nine out of 14 banks are facing severe capital shortfall, of which 5 have negative Capital…

Mahfuja Mukul: Withdrawal of money from the market by selling dollars, devaluation of money against the dollar and high inflation and the tendency of people to eat up their savings have led to a liquidity crisis in banks. Recently at least 40 banks are running on lending in liquidity crisis.Among…