Bank & Finance
Bank & Finance
Bangladesh Bank worried to settle import bills
News of US ban on ACU Mahfuja Mukul: The US Office of Foreign Assets Control (OFAC) has reportedly issued instructions to US banks not to settle transactions related to the Asian Clearing Union (ACU). In this regard, the Indian media has published a news in the Economic Times. In view…
Read More »Govt debt increased 3-time with new note
Mahfuz Emran: The government has set a record of borrowing money from Bangladesh Bank. The government has taken a loan of Tk 97,684 crores from the central bank in the last financial year, breaking all previous records. Tk 31,324 crores were taken in the previous financial year.It has taken more…
Read More »Outstanding bank loans increased by 48.72pc in 5 years
Rafiqul Islam Azad: The volume of overdue loans has been constantly increasing in the banking sector. At the end of June this year, the amount of overdue loans has increased to Tk 223,327 crores. The amount was Tk 150,156 crores in June 2018. That is, overdue loans have increased by…
Read More »ATM booth payment extremely declined
Staff Correspondent: The use of ATM booths has spread to the fringes of the country. As there is no electricity in many areas, ATM booths are running on solar power. An average of more than Tk 30,000 crore was withdrawn from ATM booths every month. But suddenly in the last…
Read More »Visa policy caused big fall in stock market
Staff Correspondent: The country’s stock market fell sharply on Sunday after news spread that the United States had begun implementing a visa policy against some Bangladeshi nationals accused of being responsible or involved in obstructing the electoral process.The share prices of most of the companies participating in the main stock…
Read More »Pvt insurers paid 83pc claims
Sadharan Bima Corporation paid only 19 pc Zarif Mahmud: Private sector life and non-life insurance companies in the country have paid 83 percent of insurance claims in the financial year 2022-23 (from July 2022 to June this year). In contrast, the claims payout rate of state-owned insurance companies is 43…
Read More »13 organisations grabs 46pc Agrani Bank loan
Staff Correspondent: Banks in the country are always more interested in lending to larger groups. That is why there is sick competition. Huge amounts of loans are being given on nominal collateral without considering the capacity and risk of these institutions or groups. One of these is the leading state-owned…
Read More »Banks unable to pay import bills
Short of dollar Mahfuz Emran: Due to the dollar crisis, the banks are not able to pay the import bills on time. This crisis has become evident especially in government banks. LC is opened for import of goods for government essential purchases. But the payment date has to be changed…
Read More »Forex reserve falls by $1.5b
Special Correspondent: Bangladesh’s foreign exchange reserve fell by around $1.47 billion in a span of eight days. As a result, the country’s reserve has decreased to 2,171 million dollars.The information has emerged in the weekly report of Bangladesh Bank on Thursday.According to report of the central bank, foreign exchange reserve…
Read More »Syndicate traders root of all doom
Staff Correspondent: In the last one year, it has been possible to rein in commodity prices all over the world. Our neighboring country is Sri Lanka. Inflation was 49 percent. Almost went bankrupt. The government fell. Inflation in Sri Lanka is now 5 percent. It is literally a miracle. But…
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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 …
