Bank & Finance

Staff Correspondent: Remittance flows are increasing at the beginning of the new year. Expatriate Bangladeshi people have sent remittances worth 167 million (1.67 billion) US dollars in the first 27 days of this January. In local currency (at Tk 107 per dollar) which amounts to about 18 thousand crore taka.In…

Ashfaque Choudhury: The banking sector in Bangladeshis is facing numerous challenges and needs to improve considerably.According to analysts despite having a large population and a rapidly growing economy, the banking sector needs to catch up to its neighboring countries.The industry is still largely dependent on manual processes, which are slow,…

US $0.44b in gas Zarif Mahmud: The International Energy Association (IEA) says that many countries in the world subsidize gas and electricity. In an analysis last October, the organization showed that Bangladesh is in the 13th position in terms of subsidizing the electricity sector. And the position of Bangladesh is…

Transacts Tk 700 cr per day Mahmuz Emran: You need foreign currency urgently. Going to the bank or exchange may also feel risky. He knew from an acquaintance that there is an opportunity to get foreign currency including dollar and euro at home. You don’t have to go, the money…

Ibrahim Khalil Jewel: The dollar crisis has become more noticeable in the banks of the country. The supply of dollars from the central bank’s foreign exchange reserves to commercial banks has been reduced. The central bank is not releasing dollars except for essential commodity imports. Only consumer goods, baby food,…

BB unveils new monetary policy -No cap for credit card loans-Interest on consumer loans could be increased more 3pc-Removal of fixed interest rate on other loans under consideration Ibrahim Khalil Jewel: Bangladesh Bank has removed the fixed interest rate on bank deposits. From now on, banks and financial institutions will…

Staff Correspondent: Lawmakers yesterday said Bangladesh is progressing ahead and now stands 35th position in ranking among the developing countries in the world.Taking part in the discussion on thanksgiving motion of the President’s speech in the Jatiya Sangsad, they highlighted different development activities in various sectors including communication, socio-economic, education,…

Industry Desk: The government will suggest the banks for reserving a certain amount of dollar quota to facilitate the businessmen on import of essential commodities before the Holy Month of Ramadan.Commerce Minister Tipu Munshi said this at a press conference on the stock and supply situation of seven basic commodities…