March 28, 2024
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Bank & Finance

Bank & Finance

  • Remittance drops 20pc in February

    Staff Correspondent: The inflow of remittance from expatriate Bangladeshis dropped by around 20.29% in February to $1.56 billion compared to January earnings due to lower exchange rate.The country received $1.96 billion in remittances in January, according to central bank data published yesterday.A significant number of expatriates opt for Hundi as…

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  • Currency printing costs over Tk 500 cr yearly

    Syed Nasir Hossain: The government has to spend huge amount of money every year to print new money. The durability of these notes in paper is decreasing due to the systematic use. Paper notes become unusable within six months. Compared to that, the cost is higher, but the durability of…

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  • Hundi-the ‘main culprit’ behind dollar crisis

    Ibrahim Khalil Jewel: In recent months, Bangladesh has been experiencing extreme dollar crisis, causing concern among the country’s policymakers, businessmen and citizens alike. The crisis has been primarily attributed to a number of factors, including a surge in imports, a decline in remittances, and a reduction in foreign investment. However,…

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  • Emergency dollar supply must to keep market stable

    Commodity prices up manifold ahead or Ramadan Mahfuz Emran: In order not to deplete foreign exchange reserves in the future, import of non-essential goods is being discouraged. However, due to the dollar crisis, the import of daily necessities is also being hampered. The commerce ministry of the government fears that…

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  • Import falls for lacking of dollar

    Mahfuja Mukul: Due to the dollar crisis, the government and Bangladesh Bank’s initiative to curb imports has reduced the country’s imports significantly. The import of most of the products has also decreased. In the first six months (July-December) of the current fiscal year, imports of foodgrains fell by 16 percent…

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  • Bankers demand expulsion of mandatory banking diploma

    Staff Correspondent: Bank Officers are not in favor of compulsory requirement of Banking Diploma in their Promotion Criteria, read a press release yesterday.BWAB has sent a request letter to Abdur Rouf Talukder, Governor, Bangladesh Bank on Friday signed by Kazi Md. Shafiqur Rahman, President, Bankers’ Welfare Association Bangladesh (BWAB).The letter…

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  • Govt’s net borrowing from banks Tk 6,550cr in 3 months

    Industry Desk: The government’s move to borrow heavily from the banking sector has increased to meet the budget deficit.The government takes about 75 percent of the internal loans from the banking sector. On the other hand, taking loans from the non-banking sector, especially savings certificates, has declined. However, the interest…

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  • Fund crisis hits ADP implementation rate

    Zarif Mahmud: The implementation of the Annual Development Program (ADP) for the current financial year (2022-23) is showing slow pace. The ADP implementation rate in the first six months of the fiscal year is only 23 percent. Such low ADP implementation in the first six months of the financial year…

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  • Hungry banks depriving from customers’ deposit

    Zarif Mahmud: Most of the banks of country are not getting deposits from the customers even after offering high interest rates. Again, the inter-bank money market (Call money) is not providing money as per the demand. The repo interest rate, the main means of borrowing cash from the central bank,…

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  • Tk 18,000 cr remittance fetched in 27 days

    Staff Correspondent: Remittance flows are increasing at the beginning of the new year. Expatriate Bangladeshi people have sent remittances worth 167 million (1.67 billion) US dollars in the first 27 days of this January. In local currency (at Tk 107 per dollar) which amounts to about 18 thousand crore taka.In…

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