Bank & Finance
Bank & Finance
Mastermind among 3 held with Tk 58 lakh
Tk 11 cr of BDBL robbery Staff Correspondent: An intelligence team of Dhaka Metropolitan Police (DMP) has arrested three more people including the mastermind, from Dhaka and Netrakona districts in connection with the robbery of Tk 11.25 crore of a bank from a private security agency’s vehicle in Turag area…
Read More »10 banks in new danger with loans to Seema Group
Explosion claims seven people’s lives Ibrahim Khalil Jewel: Ten banks of the country are in new danger after seven people lost their lives in an explosion at Seema Oxygen Plant in Sitakunda of Chattogram. 10 banks including Mutual Trust, Mercantile, Pubali have given thousand crores of taka loans to various…
Read More »BB selling dollars at Tk102 to banks
Staff Correspondent: The US dollar gained against the Tk as the Bangladesh Bank is selling the American greenback to banks at Tk102.The move is aimed at adjusting the exchange rates gradually in line with the market demand and supply.The latest depreciation comes a month after the central bank sold the…
Read More »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…
Read More »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…
Read More »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,…
Read More »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…
Read More »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…
Read More »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…
Read More »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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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
