Bank & Finance

Zarif Mahmud: There is a wide discussion after the publication of net or real reserves of foreign exchange from Bangladesh Bank as per the conditions of the International Monetary Fund (IMF). The central bank released the account of net reserves of $2357 million, excluding $640 million from the gross reserves…

After the general board meeting at the head office of Sena Kalyan Insurance Company Limited yesterday, the half yearly report of the company was published. The report can be found in the link below. Half Yearly Accounts of Sena Kalyan Insurance Company Ltd. 2023

Due to leakage of citizen info Mahfuja Mukul: Recently, US technology media TechCrunch has reported that the personal information of millions of citizens of the country has been leaked. Various information including names, addresses, birth certificates, mobile and passport numbers, fingerprints of these citizens are now open. According to the…

Sumit Roy: For the past 20 years or so, China has been buying dollars in international currency markets with its own currency to maintain the yuan’s devaluation and sustain China’s booming manufacturing and export sectors. As a result, China has accumulated trillions upon trillions of dollars which it uses to…

Need a gold bank * Annual gold demand in the country is 30 tons* 148 kg gold import legally in 3 years* 2583 kg of gold seized in 10 years* Luggage party providing most of demands Zarif Mahmud: Although there have been plans to make a gold policy in the…

Mahfuja Mukul: Banks have started raising interest rates on loans. In the meantime, banks have increased the loan interest rate up to a maximum of 2 percent depending on the customer. Some banks have already started imposing new interest rates and deducting additional installments. But some banks are waiting to…

Mahfuja Mukul: In a span of two days, the foreign exchange reserves of Bangladesh Bank have increased to more than $30 billion. $507 million received from the World Bank as a budget loan support has been added to the foreign exchange reserves. As a result, it has increased to $3,360…

Zarif Mahmud: The volatility in the dollar market is not abating. It may last another year. In the future, the severity of the dollar crisis will decrease somewhat. But the price will increase further. There is a severe dollar crisis in the country for 14 months. In May last year,…

Industry Desk: After three years of maintaining a fixed interest rate cap on lending, Bangladesh Bank is set to unveil a reference lending rate, as per the new monetary policy announced last month for the next six months to rein in the skyrocketing inflation.The monthly reference lending rate, termed SMART,…

Staff Correspondent: Bangladesh Bank (BB) has significantly ramped up its efforts to stabilise the dollar market in the outgoing fiscal year 2022-23, selling $13.5 billion, nearly double compared to $7.62 billion in the previous fiscal year.On the last working day of the fiscal year, the central bank injected an additional…