Bank & Finance

Staff Correspondent: The country’s banking sector is grappling with a historic high of Tk 156,039 crore in non-performing loans (NPLs) as of June this year, primarily attributed to the persistent issues related to corporate governance in the sector.In the last three months leading up to June, bad loans surged by…

Zarif Mahmud: The first glasses store in the country was opened in Old Dhaka. It was the end of the British rule. Fifty years have passed since the independence of the country. However, this sector is still dependent on imports. There is no big domestic investment in the market of…

Fareast Life running out of life Mahfuz Emran: Fareast Islami Life Insurance was once a leading life insurance company in the country. The company is now in dire straits due to massive looting and irregularities by the owners. As the days go by the life fund of the company is…

2.19 times increase in six years Rafiqul Islam Azad: The amount of foreign debt status of Bangladesh reached to 99 billion dollars at the end of the outgoing financial year with the increase of foreign debt by 3.23 billion dollars in the last three months. According to updated report of…

Hundi Online Gambling Staff Correspondent: Bangladesh Financial Intelligence Unit (BFIU) has closed 21,725 mobile accounts (Mobile Financial Service-MFS) for their involvement in online gambling and hundi.An official related to BFIU confirmed this information. Most of these accounts are development, cash and rocket. MFS organizations have also been warned not to…

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…

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…

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 An average of more than Tk 30,000 crore was withdrawn from ATM booths every month.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…

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…