Bank & Finance
Bank & Finance
Import falls for lacking of dollar
Mahfuja Mukul: Due to the dollar crisis, the government and Bangladesh Bank’s initiative to curb imports has reduced the country’s imports significantly. The import of most of the products has also decreased. In the first six months (July-December) of the current fiscal year, imports of foodgrains fell by 16 percent…
Read More »Bankers demand expulsion of mandatory banking diploma
Staff Correspondent: Bank Officers are not in favor of compulsory requirement of Banking Diploma in their Promotion Criteria, read a press release yesterday.BWAB has sent a request letter to Abdur Rouf Talukder, Governor, Bangladesh Bank on Friday signed by Kazi Md. Shafiqur Rahman, President, Bankers’ Welfare Association Bangladesh (BWAB).The letter…
Read More »Govt’s net borrowing from banks Tk 6,550cr in 3 months
Industry Desk: The government’s move to borrow heavily from the banking sector has increased to meet the budget deficit.The government takes about 75 percent of the internal loans from the banking sector. On the other hand, taking loans from the non-banking sector, especially savings certificates, has declined. However, the interest…
Read More »Fund crisis hits ADP implementation rate
Zarif Mahmud: The implementation of the Annual Development Program (ADP) for the current financial year (2022-23) is showing slow pace. The ADP implementation rate in the first six months of the fiscal year is only 23 percent. Such low ADP implementation in the first six months of the financial year…
Read More »Hungry banks depriving from customers’ deposit
Zarif Mahmud: Most of the banks of country are not getting deposits from the customers even after offering high interest rates. Again, the inter-bank money market (Call money) is not providing money as per the demand. The repo interest rate, the main means of borrowing cash from the central bank,…
Read More »Tk 18,000 cr remittance fetched in 27 days
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…
Read More »Banking sector: Numerous challenges ahead in BD
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,…
Read More »Bangladesh gives $0.97b subsidy in electricity
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…
Read More »List of top 20 loan defaulters disclosed
Staff Correspondent: The total amount of debt to the top 20 defaulters is Tk 19,283.93 crore while the amount of defaulted loan is Tk 16,587.92 crore. CLC Power Company Tk 1,732.92 croreWestern Marine Shipyard Tk 1,855.39 croreRemex Footwear Tk 1,077.63 croreRising Steel Company Tk 1,142.76 croreElias Brothers Tk 965.60 croreRupali…
Read More »1000 illegal money changers engaged in forex home delivery
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…
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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 …
