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.
5d 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
January 26, 2024
Teletalk was born 19 years ago. It turned a profit only for two years
Despite starting off with a strong momentum and goodwill, Teletalk failed to become consistently profitable
January 14, 2024
Credit card use slightly down
Credit card spending decreased in last November compared to the preceding month, according to BB
January 11, 2024
Boro farmers fret as cultivation costs rise
A significant increase in cultivation costs is making the farmers feeling gloomy about getting fair prices
January 9, 2024
Credit card issuance creeps along
Credit card issuance by banks in Bangladesh witnessed slower growth in 2023 thanks to tightening of regulations by NBR
January 7, 2024
Two elderly voters cast votes defying physical barriers
Ninety-year-old Lozzatun Nesa of Baniyadi in Rupnagar, Narayanganj, defied physical challenges and age barriers to exercise her voting right
January 3, 2024
Small businesses navigated difficult times in 2023
Small businesses in 2023 faced substantial hardships amidst prevalent inflationary pressure of the country
December 29, 2023
Despite winter abundance, vegetable prices soar
The prices of all vegetables have been spiraling unusually in the markets in Dhaka recently, despite being in adequate supply amid peak season in winter.
December 24, 2023
Solar irrigation promises to cut diesel use by 10 lakh tonnes a year
Introducing solar irrigation pump (SIP) systems will gradually enable Bangladesh to cut consumption of diesel fuel by 10 lakh tonnes annually
December 19, 2023
Basic needs taking up majority of remittance spent
Beneficiaries of remittance in Bangladesh spend a majority of the funds received on meeting basic needs, according to a study by BBS
December 14, 2023
Credit card transactions abroad surge
Credit card transactions by Bangladeshi nationals travelling or living abroad rose significantly to hit Tk 5,386 million in October
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