Bank & Finance
Bank & Finance
Nagad barred from opening TCSAs without BB nod
Staff Correspondent: Banks have been asked not to open trust cum settlement accounts (TCSAs) under Nagad Limited unless it gets approval from the postal department and the Bangladesh Bank (BB).The central bank issued a letter to banks on September 2 in this regard.Nagad is the brand name of the BPO’s…
Read More »Structural reforms for easy loan disbursement process urged
Staff Correspondent: Structural reforms of loan disbursementprocess, less documentation process, establishing a specialized SME bank, acomprehensive SME database, policy reforms, bank-SME good relation, cash flow-based loan sanction, considering working capital loan as term loan andconsidering large and small investors equally will pave the CMSMEs toflourish as the sector is the…
Read More »Punishment for buying savings certificates with false info
The cabinet has given final approval to the draft of Public Debt Bill, 2021 to make the existing law time-befitting with a provision of ensuring punishment in case of obtaining debt with false information.The approval came from a weekly meeting held virtually with Prime Minister Sheikh Hasina in the chair…
Read More »Private sector investment needed for profitable agriculture: Razzak
Staff Correspondent: Agriculture Minister Md Abdur Razzak says investment and cooperation of the private sector in agriculture will make it a profitable endeavour for the country.“Work is underway to modernise and commercialise the agriculture sector where mechanisation is progressing rapidly. However, cooperation of the private sector is needed for farmers…
Read More »Bangladesh gets BRICS bank membership
Industry Desk: The New Development Bank (NDB) – established by BRICS (Brazil, Russia, India, China and South Africa) in 2015 – has admitted Bangladesh as a new member of the organisation.The NDB Board of Governors took this decision in a meeting held on 20 August 2021.NDB President Marcos Troyjo said,…
Read More »Next step of digital Bangladesh is cashless society: Joy
Staff Correspondent: Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy on Tuesday said that the next step of digital Bangladesh is building a cashless society to ensure transparency, accountability and mobility in financial transactions.“The next dream of digital Bangladesh is to make a cashless society. The blaze service is a…
Read More »Agent banking makes rural economy vibrant
Staff Correspondent:Md. Shahnawaz, who lives in remote village Motiganj under the Sonagazi Upazila of Feni district, fell into difficulties when his Oman expatriate friend asked him to send Tk 1,15,000 at the earliest.He, however, could send the money within a short time and at a low cost thanks to the…
Read More »Banks return to normal operation hours from tomorrow
Staff Correspondent: Banks will operate normally from tomorrow with customers’ transaction time from 10 am to 4 pm instead of current hours of 10 am to 2:30 pm.The Bangladesh Bank issued a new circular yesterday saying that banks can remain open until 6 pm for conducting their other office activities…
Read More »Deposit rate will not be less than inflation
Staff Correspondent: Banks won’t be allowed to fix the interest rate of the deposits below the inflation, the Bangladesh Bank (BB) instructed yesterday.The central bank issued a circular directing the managing directors and chief executive officers of all banks in this regard.Bangladesh Bank came up with the circular based on…
Read More »Safiul Alam makes a happy Pubali Bank
Pubali is not only the largest and most visible online friendly bank in the country but alsoa bank for the commoners,remitters and consumers Mahfuja Mukul: Veteran banker Safiul Alam Khan Chowdhury is one the rare CEOs in Bangladeshi banking industry who started career in a bank and become the CEO…
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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 …
