Bank & Finance
Bank & Finance
7-yrs jail if use word bank without license
New IMF conditions Special Correspondent: In order to fulfill the conditions of the International Monetary Fund (IMF), the amended Bank Company Act-2021 is going to be raised in the upcoming National Parliament session. There, a maximum penalty of 7 years or Tk 50 lakh or both has been provided for…
Read More »Tk 166,887 cr stuck-up against 72,189 cases
Pending loan cases bring havoc in banking Special Correspondent: On the one hand, defaulted loans are increasing, on the other hand, the court cases of financial loans are increasing. But there is no speed in the recovery of these money that are left out of the bank’s charter.Due to legal…
Read More »Foreign loan flow increasing in BD
Mahfuz Emran: The flow of foreign loans has increased for development work under different projects. The Executive Committee of the National Economic Council (ECNEC) approved 17 development projects in just two meetings. Where 12 projects depend on foreign loans. Foreign loans of Tk 12,350 crore have been taken under these…
Read More »8 foreign banks to disburse Tk771cr agri-loans
Staff Correspondent: Foreign banks operating in Bangladesh have fulfilled 100% of their annual agri-loan disbursement targets in the first eight months of the current fiscal year.According to data from the Bangladesh Bank, eight foreign-owned banks were given a target to disburse a total of Tk771 crore in agri-loans in the…
Read More »Aggressive banking may collapse 17 banks in BD
Staff Correspondent: The balance order of deposits and loans, which should be there, has broken down in 17 banks. Aggressive loans have been given by these conventional and Shariah-based banks. It has violated the limits set by Bangladesh Bank. Because of this, the concerned banks are in extreme liquidity crisis.…
Read More »Reserve to drop at $24 b
IMF system calculation to start in June Mahfuja Mukul: According to the International Monetary Fund (IMF) conditions, Bangladesh Bank is going to implement the BPM6 method for calculating foreign currency accumulation from next June. The central bank will officially announce the monetary policy for the second half of the year…
Read More »Depreciation adds Tk60,000cr payment burden for foreign loan
Industry Desk: The once cheaper foreign loan has now turned into a burden for private sector borrowers as they will have to pay an additional Tk60,000 crore against the total foreign currency loan of $24.3 billion thanks to taka devaluation.Back in 2021, when the greenback rate stood at Tk84.8, private…
Read More »Tk 730 cr remittance coming every day
Staff Correspondent: In March, the third month of this year, remittances (expatriate income) of $68.2 million or Tk 730 crore (at the rate of Tk 107 taka per dollar) are coming to the country every day. If this trend continues, the expatriate income will reach a record $2.11 billion or…
Read More »Loan reschedules increased abnormally after relaxation
Tk 29,279.82 cr rescheduled in 2022 Staff Correspondent: The amount of rescheduled loans has increased abnormally after the relaxation of loan rescheduling policy. In 2022, Tk 29,279.82 crore of loans were rescheduled in the bank sector. The amount of rescheduled loans in 2021 was Tk 12,379.26 crore. In other words,…
Read More »New shocks could hit soaring again: WB
Industry Desk: One year after Russia-Ukraine conflicts, the surge in global food prices that the war triggered has subsided but there are still reasons for worry- prices remain elevated, and new shocks could send them soaring again, according to the World Bank (WB).It said food prices shot up when Russian…
Read More »
Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
