Bank & Finance

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…

Industry Desk: Depositors’ trust in the country’s banking system, which was dented recently, has shown a sign of improvement as the rush for money withdrawal slows.Few days ago, some news on social media made the depositors wary about the health of banks’ liquidity and safety of their deposits, prompting them…

Mahfuz Emran: Several directors are serving jail time for embezzling the money of insurance customers. The chairman of Insurance Development and Regulatory Authority (IDRA), the regulatory body of the insurance sector, has been involved in various controversies. In the end, he had to resign due to corruption allegations. In the…

Lack of confidence on capital market Mahfuja Mukul: The entrepreneurs of the country also have not confidence on the securities market as the buyers of share have been declined due to the sluggish capital market in the recent months. Only six companies have collected fund from the capital market in…

Sena Kalyan Insurance Company Limited (SKICL) has won the prestigious “9th ICSB National Award for Corporate Governance Excellence, 2021” under the General Insurance Companies Category, for its outstanding corporate governance practices as well as transparency and accountability in overall management. Brig Gen Mohd Muinul Haq Mamun, psc, Director, Brig Gen…