Bank & Finance

Facebook, Google must open office in Bangladesh Industry Desk: Bangladesh has a big potential in digital economy but it cannot seize the opportunity for absence of adequate policy, economists, policymakers and IT experts observed on Saturday.Tech giants like Google and Facebook must be compelled to open their office in the…

Mahfuz Emran: It is known that the national budget is being prepared with the aim of achieving a growth rate of 7.5 percent for the new financial year 2023-24. However, the World Bank and Asian Development Bank (ADB) have said that Bangladesh’s growth in the next financial year will be…

Absconding Chittagong businessmen Zarif Mahmud with Ayub Ali: The banks and financial institutions of Chittagong are in crisis due to the large number of defaulters leaving the country and living abroad. The amount of default loans in Chittagong is over than Tk 50,000 crore.According to lending banks, industry insiders, lawyers…

IMF mission meeting with BB Arun Sarker: Revenue collection and net foreign exchange reserves lag behind the International Monetary Fund (IMF) loan defaults. The international donor organization has expressed concern about these two issues.At the same time, it has been asked to give maximum importance to the creation of net…

Staff Correspondent: Expatriate Bangladeshis remitted 958.7 million US dollars through legal or banking channels on the occasion of Eid-ul-Fitr. In the local currency, which has an exchange rate of 107 taka per dollar, this equates to a sum of Tk 13,600 crores.In the first 21 days of April, remittances received…

Mahfuz Emran: At one time, the banking sector was considered as the lifeblood of the country’s stock market. Most of the transactions were held by the bank. However, the financial condition of many banks deteriorated due to various irregularities. At the same time, most of the listed banks become dependent…

Zarif Mahmud: On the occasion of the Eid-ul-Fitr, a large part of the remittances has come by Hundi. Relatively less has come through the banking channel. Due to high remittances in hundi, those dollars went to curb market and mostly don’t come to the country. This increased the supply of…

Staff Correspondent: Bangladesh is overcoming the impact of global recession by relying on expatriate income and export income. In particular, the pressure on Bangladesh’s foreign exchange reserves is gradually decreasing. Meanwhile, Bangladesh is going to get about $2 billion of budget support in the current financial year through the co-funding…

Staff Correspondent: The holy Eid-ul-Fitr will be celebrated on April 22 or 23. A positive trend has been observed in expatriate income ahead of Eid. Record remittances are coming to the country this month (April). In 14 days, remittances of 95 crore 86 lakh 90 thousand dollars arrived. In Bangladeshi…

Zarif Mahmud: Even during the financial crisis, commercial banks are increasing the disbursement of loans to the industrial sector. But most of those loans are not being recovered. As a result, it is defaulting. Defaults in industrial loans have increased at a comparatively higher rate than overall bank loans. In…