Bank & Finance

For smoother operations of commercial banks Zarif Mahmud: The repo auction program to provide liquidity from Bangladesh Bank to commercial banks and finance companies has been reduced. However, to provide liquidity to banks and finance companies for urgent needs, the existing instant loan facility and instant deposit facility will continue…

Remittance hits 47-month high Staff Correspondent: Bangladesh has received US$ 23.915 billion in remittances for the fiscal year 2023-24, ending on June 30, marking the second highest remittance inflow in a fiscal year to date.MdMezbaulHaque, Executive Director and Spokesperson of Bangladesh Bank, told UNB that expatriate Bangladeshis sent $2.542 billion…

Enayet Karim: Corruption is always more or less a topic of discussion in the country. Corruption and money laundering are the most talked about topics in recent times. Unfortunately, and disappointingly for the citizens of the country, the focus of this discussion is the massive corruption, money laundering and irregularities…

Indian debt in Railways Farhad Chowdhury: The 57 km railway from Parbatipur in Dinajpur to Kaunia in Rangpur is to be laid with Indian loan. The six-year project expires in 2023. The project has not started yet. Feasibility testing is still going on. It is supposed to end next December.…

Enayet Karim: Foreign workers took more than three times the amount of remittance flow sent by expatriates to the country in foreign currency for salary. In the 24 years from 2000 to 2023, the remittance flow of expatriates increased 11 times. At the same time, the tendency of foreign workers…

Staff Correspondent: A few years of high growth in global remittance flows will slow down in 2023. Global remittance flows have increased nominally during this period. This has had an impact on remittance receiving countries. Remittance growth was negative in many countries. In 2023, remittance flows to Bangladesh increased by…

Bangladesh’s Deposits in Swiss Banks Drop by 68 Percent in 2023 Compared to 2022 Special Correspondent: The trend of Bangladeshi citizens depositing money in Swiss banks has seen a significant decline. Recent statistics released by the Swiss National Bank (SNB) reveal that the total amount held by Bangladeshi entities in…

Staff Correspondent: The election manifesto given by Awami League in the twelfth parliamentary elections before the formation of the government for the fourth consecutive term, emphasized the ‘zero tolerance policy against corruption’. After the implementation of ‘Digital Bangladesh’ under the leadership of Sheikh Hasina, the daughter of the father of…

Staff Correspondent: The International Monetary Fund (IMF) has recommended strengthening the regulatory framework in the financial sector and accelerating reforms to ensure good governance. At the same time, transparency should be increased in the preparation of credit reports of the country’s financial sector in line with international best practices. In…