March 29, 2024
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  • SoBs loan recovery from top defaulters below 6pc of target

    Staff Correspondent: Six state banks in the country collectively recovered Tk119.38 crore from their respective top 20 defaulters in the first six months of this year, which is less than 6% of the annual recovery target of Tk2,045 crore, according to the latest available data.The six lenders – Sonali Bank,…

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  • Remittance grows 5 pc in 2022: WB

    Staff Correspondent: Remittances to low and middle income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5 percent to $626 billion.This is sharply lower than the 10.2 percent increase in 2021, according to the latest World Bank Migration and Development Brief.Remittances are a vital source of household income…

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  • Financing for nature must more than double by 2025

    Industry Desk: The world must drastically increase financing for nature-based solutions to meet key climate, biodiversity, and land degradation goals, a United Nations report said Thursday.The report comes as delegates from nearly 200 countries prepare to meet in Montreal next week to hammer out a new global biodiversity deal.The second…

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  • Expats now can send remittance thru’ mobile

    Staff Correspondent: The central bank is giving an opportunity to the expatriates to send remittances through Mobile Financial Services (MFS) directly.As a result, the expatriate can send the remittances to their home using mobile banking facilities like Upay, Bkash, and Rocket.The Foreign Exchange and Policy Department of Bangladesh Bank issued…

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  • Dollar usage thru’ credit cards on rise

    Transaction system gets easier Golam Mostafa Jibon: The trend of dollar spending through credit cards in the country has increased at an unusual rate that makes the transaction system easier. In the first three months of the current fiscal year, transaction through cards was Tk 1,545 crore, which was Tk…

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  • BB plans to lift credit interest limit from Q3

    Industry Desk: Borrowers may have to experience expensive loans as lending rate caps are being phased out to allow banks to return to their profitability amid inflationary pressure.Bangladesh Bank (BB) plans to lift the limits on interest on credits in phases from the third quarter (Q3) of this fiscal year…

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  • 10 banks top on defaulted loan

    Janata Bank among top 10 defaulters Golam Mostafa Jibon: Country’s 10 banks including state-owned and private have now remained on top position for defaulted loans.The sum of defaulted loans in banks and financial institutions is increasing by leaps and bounds. In this situation, 10 banks are inflicted with the largest…

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  • 8 banks failed to keep provisions

    Deficit of 4SoBs Tk 11696 cr Private banks Tk 8137 cr Mahfuja Mukul: Banks are giving special discounts for businessmen in repayment of loans. Exemption has not yet expired. As a result, customers are exempted from defaulting even if they do not fully pay the loan installments. However, the defaulted…

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  • Dollar crisis hits fresh LC opening

    Traders in trouble Staff Correspondent: There is a dollar crisis in the banks over the country. Due to this, traders are not able to import goods from different destinations. Importers fear that there will be a decline in the import of goods.Importers say that many are unable to open letters…

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  • Poorest people pay highest interest for loans: Governor

    Staff Correspondent: The poorest people in the country have to pay the highest interest against loans, says Bangladesh Bank (BB) Governor Abdur Rouf Talukder.He made the remarks while addressing a workshop organised by the Microcredit Regulatory Authority (MRA) as the chief guest yesterday.The workshop was held to mark the publication…

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