Bank & Finance
Bank & Finance
BD warned of cyber-attack on 15 August
– Warning issued by CIRT– Bangladesh and Pakistan targeted Staff Correspondent: A group of hackers have threatened a ‘storm’ of cyber-attacks in Bangladeshi cyberspace. The hackers set 15 August as probable date to hit the cyberspace of the country. Bangladesh e-Government Computer Incident Response Team (BGD e-GOVT CIRT) has issued…
Read More »Dollar rose in all sectors
Staff Correspondent: The price of dollar has increased from 50 paise to one taka in all sectors. The new dollar rate has come into effect in commercial banks from Tuesday. Now the export income has increased by one taka to Tk 108.50 and the price of dollar in remittance has…
Read More »8 banks failed to achieve agro loan targets
Staff Correspondent: A total of 8 banks could not achieve the target of agricultural and rural credit distribution in the last financial year 2022-23. Among them are one government and seven private banks.The banks are – state-owned Basic Bank, private sector AB Bank Limited, First Security Islami Bank, Global Islami…
Read More »NPL of SoBs increased by Tk 3,000 cr in a year
Staff Correspondent: In the space of one financial year, the defaulted loans of state-owned banks have increased by Tk 3,000 crore. In the financial year 2021-22, the defaulted loans were Tk 55,920 crore, which increased to Tk 58,920 crore in the outgoing financial year (2022-23). According to the Finance Ministry’s…
Read More »Bangladesh ranks fastest growing economy in Asia
Staff Correspondent: Bangladesh has been named the fastest growing economy in the Asia-Pacific economies, out of 32 countries, according to the latest report published (as of June 2023) by World Economics.On a 10-year gross domestic product (GDP) compound annual growth rate (CAGR) basis, Bangladesh ranked as the fastest growing economy…
Read More »Short-term foreign debt decreasing
Mahfuz Emran: Due to the low interest rates on foreign loans due to the global recession and high interest rates in banks in the country, foreign loans once increased rapidly. The availability of loans in the private sector, especially in export-oriented industries, increases the tendency towards foreign sources. However, due…
Read More »BB asks banks to bring down directors from same family to 3
Staff Correspondent: Bangladesh Bank (BB) has asked banks to bring down the number of directors from the same family to three.The Bank Company (Amendment) Act 2023, which was passed in parliament recently, specified that the number of directors from a single family can’t be more than three, according to a…
Read More »Islami Bank officials sucked Tk 1.33 cr from a deceased customers’ account
Staff Correspondent: Mohammad Saeed, a customer of Islami Bank’s Kakrail branch, died on January 2, 2020. At that time, his bank deposits were Tk 1 crore 33 lakh 73 thousand 835. After eight months of Saeed’s death, a person named Ramzan Ali applied to connect the new mobile number as…
Read More »Credit card use by foreigners surges
Staff Correspondent: Transaction through credit cards issued by other countries and used in Bangladesh also increased by 23% to Tk210.1 crore in May compared with that of Tk170.4 crore in AprilThe use of credit cards by Bangladeshis outside the country and by foreign nationals in Bangladesh increased in May compared…
Read More »Govt borrows Tk 13,000 cr in 20 days
Rafiqul Islam Azad: The government has borrowed around Tk 13,000 crore from Bangladesh Bank (BB) within 20 days after the beginning of the new financial year as it is struggling to cover its administrative expenses, according to sources in the central bank.Economists apprehend that borrowing such amount of money from…
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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 …
