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.
2w 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
April 19, 2021
Govt launches $7.5m Covid response fund
Entrepreneurs will now get financial support from the government to produce medical and personal protective equipment (MPPE) for both local and international markets as the fight against Covid-19 continues.
April 18, 2021
3 lakh paddy growers in distress
36 districts, mostly Boro growers in haor areas, were affected in the recent nor’wester and the heatwave that swept over the country on April 4.
April 17, 2021
Price hike of eggplant puts a damper on iftar
The hefty price of eggplants is draining the wallets of Dhaka citizens that enjoy the traditional iftar item, beguni.
April 16, 2021
Postal life insurance offers financial protection to future generations
Over the years, awareness about insurance has grown and its demand has accelerated as many people look for financial protection for the long term.
April 13, 2021
Regulators fix LPG prices
Bangladesh Energy Regulatory Commission, for the first time, fixed the retail prices of liquefied petroleum gas yesterday disappointing consumers.
April 9, 2021
An avenue for small savers
After paying rent, buying daily necessities and providing educational expenses for the children, most of the salary of an average professional is gone.
April 9, 2021
Boro farmers’ hopes dashed by nor’wester, heat wave
The nor’wester and accompanying heat wave that swept over the country on Sunday massively damaged Boro paddy in both plain and haor areas of at least seven districts in northeast and southern divisions, dampening hope for increased production of rice and decline in prices to ease pressure on low income people’s budget.
April 6, 2021
Small businesses left alone amid pandemic
Small businesses, which are considered the lifeline of the economy, had hoped that the government would take care of them to help them stay afloat when it announced a countrywide lockdown and a gigantic stimulus package to protect the economy and the people from the coronavirus disease in March last year.
April 4, 2021
People rush to kitchen markets as lockdown looms
Shoppers thronged grocery stores, super shops and kitchen markets across Dhaka yesterday following the announcement of a fresh nationwide lockdown to curb the spread of Covid-19.
April 2, 2021
Struggle gets even steeper for poor
Intentionally, Nasir Uddin has been returning home almost every night after his two daughters go to sleep because he can’t afford the things the girls ask for.
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