Bank & Finance

Staff Correspondent: The International Monetary Fund (IMF) has welcomed Bangladesh for progress in creating a roadmap to reduce the non-performing loans (NPLs).“Priorities should focus on reducing NPLs, implementing risk-based supervision, and enhancing corporate governance. In this context, we welcome the authorities’ progress in creating a roadmap to reduce NPLs, but…

Mahfuz Emran: The court ordered the freezing of the bank accounts of former Inspector General of Police (IGP) Benazir Ahmed and his related interests due to allegations of illegal wealth acquisition and corruption. Although the investigation of the Anti-Corruption Commission (ACC) says that Benazir and his family left the country…

Circulates tender to for sale Special Correspondent: Data of 50 million citizens stored in the government’s ‘Sukrasha’ vaccination management system for Covid-19 is feared to be leaked on the dark web. Recently, a site was also advertised for the sale of these data. These leaked information includes citizen’s name, father’s…

Mahfuja Mukul: The accumulated debt of the government from internal sources has exceeded Tk 8.5 lakh crore. In one year, the amount of loan taken by the government from this source has increased by more than Tk 1.8 thousand crore. In March 2023, the accumulated debt of the government from…

Mahfuja Mukul: Against the export target of $600 billion, the income in the first 11 months of the current financial year was $515.43crore, which is 8.47 percent less than the target.To achieve the target for the financial year 2023-24, the income from export of goods in June, the last month…

First 3-months of this year Zarif Mahmud: The amount of foreign debt of Bangladesh has decreased. In the first three months of this year (January-March), the foreign debt status of Bangladesh has decreased to $99.30 billion. At the end of December last year (year 2023), the foreign debt position was…

Staff Correspondent: The top 20 defaulting institutions owe about Tk 35,000 crore to various banks. In this list, there are names of various groups including Saad Musa Group, Anontex Group, Crescent Group, Maisha Group, Ratanpur Group discussed in the loan fraud of the bank sector. A significant portion of the…

Staff Correspondent: Finance Minister Abul Hasan Mahmud Ali on Monday said Indians living in Bangladesh took away 50.60 million dollars to their country in the first ten months of the running 2023-24 financial year.At the same time, foreigners took a total of 130.58 million dollars to their respective countries, said…

Reserves far below target Staff Correspondent: Dollar crisis has been going on in the country for a long time. Various initiatives are not solving this problem. Central bank is selling a lot of dollars in the market to meet the import liability. As a result, Bangladesh is not able to…

Says Ahsan H. Mansoor Staff Correspondent: Policy Research Institute (PRI) executive director and prominent economist Ahsan H. Mansoor said that the actual non-performing loans of the country’s banking sector are more than the published accounts.Basically, Bangladesh Bank has to write off various categories of loans including foreclosure while complying with…