Bank & Finance

To meet conditions of IMF Mahfuja Mukul: Lower-middle-class people disoriented by rising inflation. In such a context, there is no effective action to control commodity prices in the upcoming 2024-25 fiscal year budget. On the other hand, measures taken to increase revenue to meet International Monetary Fund (IMF) conditions will…

Farhad Chowdhury: Every fiscal year, the government has to borrow from various sources to meet the budget deficit. As a result, interest expenditure on the government has doubled in the last five years. In the financial year 2019-2020, Tk 57,663 crore had to be spent on interest payments. In the…

Freely selling NID and mobile data Mahfuz Emran: The personal secret and sensitive information of the people of the country is being bought and sold. For this, around 1,000 illegal digital chats have been created on social media like Facebook, WhatsApp and Messenger. All records of National Identity Card Information…

Masrur Arefin: Dhaka University has organized the First Development Studies International Conference (DSIC 2024). City Bank always wants to be with such good initiatives. As you know City bank is a big bank and we have been doing well in all indicators for a long time. Our shareholders include International…

Becomes Sr. VC of Global Economist Forum Staff Correspondent: The down grading Social Islami Bank PLC has regained its previous strength by achieving qualitative development in all of the areas of banking. The bank is now one of the main stream banks of Bangladesh under the guidance and supervision of…

Staff Correspondent: By leaving the interest rate to the market, the bank can now increase the interest on the loan taken earlier. There will be no more obstacles in increasing the interest rate of all types of loans including exports, agriculture. Apart from this, after the implementation of the previous…

BB gives wrong direction Mahfuz Emran: Bangladesh Bank’s decision to merge banks has stumbled. There was a backlash after some banks were hurriedly called and ordered to merge before the policy was issued. Due to this, the pressure to withdraw individual as well as institutional deposits from some banks has…

Special Correspondent: The development of the Indian Special Economic Zone (ISEZ) at Mirsarai in Chattogram has hit significant delays, with work virtually stalled despite the strong commitment from the Bangladesh government to implement the $115.63 million project. The project, initially approved in 2019, has made minimal progress, raising concerns about…

Enayet Karim: One of the main goals of the government’s medium and long term development plan is to establish Bangladesh as a developed country by 2041. To achieve this goal, it is essential to increase investment in the development sectors. Foreign aid or loans are essential in current financial management…