The Bangladesh Bank has issued new directives on the repayments of industrial term and home construction loans in line with the new market-based method of calculating the interest of bank loans.
Banks in Bangladesh are increasing their investments in Treasury bills and bonds to net higher profits from the rising interest rate, a development that has squeezed the availability of loans for borrowers.
Experts yesterday urged banks to increase loan disbursements for cottage, micro, small and medium enterprises and the agriculture sector as a majority of the lenders were currently showcasing a reluctance to do so.
Global temperatures have been rising at an alarming pace in recent years thanks to increased human activity and as such, even climate change deniers can now perceive the growing heat wave.
The High Court extends its earlier order which ruled that the defaulters, who have taken the opportunity for rescheduling their bank loans by two per cent down payment, cannot get any fresh loan facilities from the banks.
Banks’ loan recovery in the first quarter of 2019 was 9.68 percent higher than a year earlier, but given the extraordinary rate at which default loans are increasing it seems below par.
The pace of recovery of banks' nonperforming loans (NPL) was much lower than the rate at which their NPL increased last year -- an ominous development for the sector.
In Bangladesh, industrialists and businesspeople become shareholders and directors of banks, and borrow money from each other's banks. And not only that, up to four members of a family can now be in the board of directors of a bank, up from two previously, after the relevant rules were amended last year following Finance Minister AMA Muhith's recommendation.
Kaniz Fatima Binte Alam, a doctor, took Tk 48.50 lakh home loan at 8.5 percent interest in October last year from a lender with expertise in financing homes.
Every year, after the university admission tests, we find students who score well, but cannot afford their educational expenses, and eventually drop out. Private banks, on the other hand, offer many lucrative loan products for their customers, including education loans.
The government will balance the Tk 20,000 crore budget deficit -- as a result of not imposing excise duty and the flat 15 percent VAT
The Supreme Court seeks for the documents on the bank transactions of Jalalabad Ragib-Rabeya Medical College Hospital in Sylhet.
The fact that the country's actual default loan amount - including that of written-off loans - in the country's banking sector has exceeded Taka 1 trillion mark for the first time, qualifies us to be one of the leaders of the corporate shame club.
Anti-Corruption Commission files a total of 18 cases with three police stations in Dhaka in connection with alleged irregularities and corruption at BASIC Bank.
Commercial banks and non-banking financial institutions must provide minimum Tk 50,000 as loan to at least a woman entrepreneur each year
