Bank & Finance

Rafiqul Islam Azad: The government witnessed a huge revenue deficit of over Tk 38,000 crores at the end of the just-ended fiscal year against its revised target, according to sources. Experts blamed the weak and corrupt administration of the NBR for not achieving the revenue targets like in other fiscal…

Staff Correspondent: Officials and employees of Sonali Life Insurance have alleged that a conspiracy is underway to take over the insurance company, which is listed on the stock market, by falsely labeling it as a failed enterprise. As part of this alleged conspiracy, a total of 17 company officials were…

Dissatisfaction among officials Staff Correspondent: Weak supervision is one of the reasons for the distress of the banking sector. The central bank is facing criticism for not taking the right policy at the right time. Many officials of Bangladesh Bank have said that how the supervision of the banking sector…

We think expatriate Bangladeshis known as ‘remittance warriors’ have been playing an important role in developing the country’s economy. Remittance sent by them does not only boost the economy but also helps increase the country’s foreign exchange reserves. President Mohammed Shahabuddin has urged the expatriate Bangladeshis to send remittance through…

Staff Correspondent: The minimum fee for credit rating services will be Tk10,000, according to a draft amendment to the Bangladesh Securities and Exchange Commission (Credit Rating Companies) Rules, 2022.Officials at the commission believe the fee floor will help improve the quality of credit ratings in the country by supporting professionalism.The…

Staff Correspondent: The benchmark index of the Dhaka Stock Exchange (DSE) closed slightly higher on Monday, marking its fifth consecutive day of gains despite a volatile session driven by pressure on large-cap stocks from profit-taking investors.On the day, the DSEX edged up by 5 points compared to the previous session…

Staff Correspondent: The government’s bank debt increased rapidly at the end of the last financial year 2023-24. Till June 27, the government has borrowedTk 84,082 crores from the banking system. In the 11 months till last May, where the loan amount was Tk 61,320 crores. Earlier till last January where…

Budget 2024-25 Salehuddin Ahmed: A budget is not merely an account of income and expenditure of the government. The quality of life of the country and the people is also determined through the budget. Budget plays an important role in the development of the overall economic, social and political situation…