Bank & Finance
Bank & Finance
Muted response to e-commerce SOP reflects recent troubles
Staff Correspondent:The Commerce Ministry has recently completed its task of formulating a set of Standard Operating Procedures for the e-commerce industry.Yet the muted response to the SOPs reflect the significantly deeper concerns surrounding the industry, that have come to light recently in the form of troubling revelations about some of…
Read More »Is Bitcoin going to legalize in BD?
Cryptocurrency trading is illegal: CID Trading cryptocurrency not crime: BB Special Correspondent: The latest stand of two state agencies has created new drama over the transaction of cryptocurrency like Bitcoin and some other online currencies. This has confused the traders of Bitcoin and other cryptocurrencies in the country.Currency regulatory authority-Bangladesh…
Read More »BB sees risk of stimulus loans diverting to stocks
Industry Desk: The Bangladesh Bank fears a diversion of low-cost stimulus loans to stocks is fuelling prices on the Dhaka bourse amid the ongoing pandemic.As it has found clues of fund diversion, it plans to issue a circular instructing banks to ensure a proper use of stimulus loans, said a…
Read More »National Bank sinking once again for mis-handling
Staff Correspondent: The customers, depositors and shareholders of National Bank have lost confidence due to the poor performance of the management and the work guidance of the board. The bank is now treated as a sinking boat. The bank declared a 5% stock dividend for the last year and each…
Read More »Evaly must return Tk 241cr or products
Says TCAB Staff Correspondent: The e-commerce company Evaly has been asked to immediately refund Tk 214 crore taken in advance from customers or supply the products to the customers.Murshidul Haque, the convener of the Tele Consumers Association of Bangladesh (TCAB), made the demand in a press release sent to the…
Read More »How far is insurance facility for disabled?
Golam Mostafa Jibon: The government initiative taken to bring Autism and Neuro-Developmental Disabilities (NDD) under insurance facilities to address the health and life risk issues on July in 2019, is yet to see the ray of hope on the plea of corona pandemic.Almost two years have already passed, but it…
Read More »National Life Insurance clients suffer immensely
Non-payment of claims Golam Mostafa Jibon:Allegation has been intensified that National Life Insurance has now become involved with harassing its clients in context of issuing original receipts or ORs (premium deposit receipts) against deposition of premium money and payment of insurance claims.Anwarul Haque, an official of the company’s Gangni Organizing…
Read More »21,480 borrowers reschedule loans by HC order in 5-yrs
Staff Correspondent:In between January 2015 and December 2019, a total of 21,480 companies and individuals rescheduled loans with directives from the High Court.Mahmud Fabrics and Finishing Limited in Chattogram’s Double Mooring area has been named among the top defaulters on the Bangladesh Bank’s Credit Information Bureau (CIB) list. It owes…
Read More »Banks asked to set up booths in cattle markets
Staff Correspondent: Bangladesh Bank (BB) has asked scheduled banks to set up booths in the cattle markets ahead of Eid-ul-Azha to detect fake or forged notes considering the huge cash transaction.To this end, the central bank asked the commercial banks to assign dedicated officers by July 14, as per a…
Read More »ACC starts inquiry against Evaly over alleged corruption
Staff Correspondent: The Anti-Corruption Commission (ACC) yesterday started inquiry against e-commerce platform Evaly following a Commerce Ministry request to take legal action against the company over allegedly embezzling or illegally withdrawing Tk 338 crore taken in advance from customers and owed to merchants.The commission formed a two-member inquiry team, led…
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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 …
