Bank & Finance

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…

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…

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,…

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,…

Staff Correspondent: If you get a loan from a bank with a few clicks sitting at home, or you can deposit money while having tea at a tea shop. If you can withdraw money from the bank without writing a check, without standing in line, then there is no problem.…

Syed Nasir Hossain: The National Board of Revenue (NBR) is failing to meet revenue collection targets. NBR could not achieve the target of revenue collection in the first quarter or three months of the current (2023-24) financial year i.e. July-September. At this time, despite the growth of 14.34 percent, the…

Staff Correspondent: Many traders are unable to open letters of credit (LC) on demand due to the dollar crisis. They are also facing various problems while settling the LC. Due to this, imports are decreasing. In the first quarter of the current financial year, LC has settled products worth $1,650…

Call money rate heating up Mahfuja Mukul: The commercial banks are under heavy pressure in terms of liquidity or money management. To deal with this pressure, on one hand, various banks are borrowing from the central bank at high interest rates under special liquidity support.On the other hand, short term…