Distressed loans soar to a record Tk 4.75 lakh cr
Distressed loans at banks totalled over Tk 4.75 lakh crore at the end of 2023 – a revelation that makes for a sobering read of the actual health of this vital sector of the economy.
6d ago
Minimum 2% shareholding for board membership a reason behind banking sector ills
Referring to the legal provision requiring a 2 percent shareholding in a commercial bank to become a director, Abdul Mannan, chairman of First Security Islami Bank (FSIB), said this has driven away seasoned banking leadership from boardrooms and allowed infamous individuals like S Alam into banking leadership roles.
1w ago
Beximco seeks extension of loan tenure by 10 years
Beximco has sought support from the government to extend the repayment period of its liabilities to Janata Bank over the next 10 years, including a two-year moratorium.
1w ago
Forex market on the mend as remittances rebound
After a prolonged period of crisis, the foreign exchange market in Bangladesh, especially the interbank forex market, is showing signs of recovery, driven by a rebound in remittance receipts and key policy interventions by the central bank.
2w ago
Salman loses grip on IFIC Bank
The Bangladesh Bank yesterday constituted a new board of directors at IFIC Bank after dissolving the previous board, effectively bringing an end to Salman F Rahman’s grip on the private commercial bank.
1m ago
Islamic bank deposits grow despite irregularities
The country’s Islamic banking sector registered growth in deposits in June although several Shariah-based lenders are facing widespread scams and irregularities.
1m ago
Remittances jumped 39% in August
Remittances sent by Bangladeshis living abroad soared nearly 39 percent year-on-year to $2.2 billion in August, which is likely to ease pressure on the foreign exchange reserves to some extent.
1m ago
Orion Pharma’s Tk 132cr loan rescheduled with special approval
Orion Pharma Ltd, a pharmaceutical company of Orion Group, has been provided a rescheduling facility on a forced/demand loan by state-run Agrani Bank with special approval from the Bangladesh Bank.
1m ago
August 17, 2021
Fazli losing lustre
Fazli always seemed to be a cut above other mangoes due to its unique fragrance and taste, but this widely acclaimed 200-year-old variety is losing popularity day by day.
August 14, 2021
Overcoming all barriers
She was born into a prosperous family.
August 7, 2021
Lockdown shocks vegetable farmers
Hoping to turn a handsome profit, Jasim Uddin took a Tk 50,000 loan from a local non-governmental organisation to grow pointed and bottle gourds on 40 decimals of land in Rahamatpur village in Jashore.
July 26, 2021
LPG Cylinders: Consumers suffer as govt fails to enforce prices
People are having to pay higher than the prices fixed by the regulator for buying Liquefied Petroleum Gas (LPG) because of non-compliance by sellers.
July 20, 2021
Agro-processors asked to ensure safe workplace
In light of the recent fire at the Hashem Foods factory in Narayanganj, where 52 workers tragically lost their lives, the Bangladesh Agro-Processors’ Association (BAPA) has issued directives to its members regarding safety measures that could help prevent such disasters.
July 16, 2021
Toy seller wins Tk 1 lakh in VAT lottery
Imam Uddin, the owner of a plastic toy store in the Mitford area of Dhaka, was awarded Tk 1 lakh in exchange for eating a breakfast worth about Tk 85, including VAT, at a restaurant in the capital.
July 14, 2021
Rice prices rise despite bumper yield
Despite a bumper yield of Boro paddy in the just concluded season, rice prices are going up, putting increasing pressure on low-income people, many of whom are suffering from income losses for the lockdown and pandemic-induced slowdown of economic activities.
July 9, 2021
Safe food production loses steam
A Tk 58.5 crore project has created interest among farmers to grow foods by using bio-pesticides. And an increased number of growers have switched from using chemical pesticides.
June 29, 2021
Pandemic ravages fisheries sector
Livelihoods of about 1.8 crore people involved in the fisheries and aquaculture sector in Bangladesh have been affected by the Covid-19 pandemic, researchers found.
June 27, 2021
What goes wrong with the credit guarantee scheme?
The stimulus package for the CMSME (Cottage, micro, small, and medium sized enterprises) sector has failed to get momentum despite the fact that Bangladesh Bank rolled out a credit guarantee scheme (CGS) to prop up lenders.
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