Bank & Finance
Bank & Finance
Annual Taka printing cost over Tk 384 cr
Staff Correspondent : About Tk 384 crore are spent every year on printing different denominations of taka (currency) used as a medium of exchange in the country. Emphasizing the implementation of cashless transactions to save costs, it was said in a related meeting that to implement universal cashless transactions, all…
Read More »Padma-Exim Bank signed MoU to merge
Staff Correspondent : Private sector Padma Bank has signed a memorandum of understanding with Exim Bank for the purpose of merger. Henceforth the bank will operate under the name Exim Bank.The agreement was signed in the presence of Bangladesh Bank Governor Abdur Rauf Talukder on Monday. Padma Bank Chairman Afzal…
Read More »Foreign debt become double in 8 years
Per capita debt stood at Tk 63,000 Rabiul Haque : Bangladesh’s foreign debt is increasing day by day. This debt has more than doubled in eight years. According to the data of Bangladesh Bank, at the end of last September, foreign loans taken by the public and private sectors stood…
Read More »Over 86pc of bank loans disbursed in Dhaka-Ctg
Zarif Mahmud : Most of the total loans of the banking sector are concentrated in Dhaka and Chittagong divisions. At the end of last December, the total loan amount of the banking sector stood at Tk 15 lakh 38 thousand 343 crores. Compared to the previous year, which is Tk…
Read More »BB’s wrong message customers in panic
9 banks in red zone Staff Correspondent : The central bank released the banking sector’s health index when the banking industry of the country is in a deep crisis. This message has intensified the fear of depositors and clients of banks not to continue business with the poor performing banks.Considering…
Read More »Depositors shifting from govt securities to banks
For high interest rate Savings paper sales lowered by Tk 1,287 cr in JanBank deposits increased by Tk 13,259 cr in Dec Mohiuddin Farazi : People are going to the bank leaving the savings card. As interest rates on bank deposits have recently increased more than interest rates on savings…
Read More »Banks can merge voluntarily till Dec
Depositors won’t suffer: BB Staff Correspondent : Bangladesh Bank said that even if a bank is merged, there will be no loss to the interest of its depositors. The regulatory body said that banks can voluntarily merge until December this year. Then in March next year, a decision will be…
Read More »Petrobangla expects 50 foreign bids in oil search
Offshore oil-gas exploration Rabiul Haque : International tenders are being invited for oil and gas exploration in the country’s offshore waters with the potential to yield significant amounts of gas. After eight years, this tender may be called on Sunday. Petrobangla believes that 55 international companies can participate in the…
Read More »Rehabilitating weak banks in the name of merger
Dr. Enayet Karim : Reforms or mergers in the banking sector of Bangladesh are now quite certain. Margin may start within this year. If the weak banks do not merge voluntarily during this period, it will be done under pressure from next year. Mergers are not to blame; Rather, it…
Read More »Bad loans write off increased 18 times
Amount of write off loans in 2023 was Tk 67,440 cr Zarif Mahmud : Due to lack of good governance in the banking sector, political influence, multi-faceted irregularities-corruption and forgery-debt collection is continuously decreasing. Due to non-payment of loans within the stipulated time, the defaulted loans are increasing. Even among…
Read More »