Bank & Finance

Staff CorrespondentThe fraud of e-commerce-based companies does not stop. This fraud is going on under different names on digital platforms. After the latest MTFE (Metaverse Foreign Exchange) fraud of Tk 10 thousand crore, a company called C-Finance is getting a new fraud trap in the e-commerce world. This company called…

Staff Correspondent: Amir of Khilafat Majlis Maulana Abdul Basit Azad has commented that India has taken over our education policy by stepping on the neck of the current government of Bangladesh. He made this comment in a seminar titled ‘Current Education Policy, New Curriculum and Future of the Nation’ organized…

Staff Correspondent : Dollar inflow in the country has decreased significantly. Therefore, regular dollar support has been given from the reserve to meet the needs of the banks. In the last two and a half years, $28.7 billion were sold from the foreign exchange reserves of Bangladesh Bank to commercial…

Staff Correspondent : Five Shariah-based Islamic banks showed positive end-of-year current accounts with ‘special loans’ from the central bank. At the end of the loan period, these banks again fell into deficit. The banks are – Islami Bank Bangladesh, Social Islami, First Security Islami, Global Islami and Union.Last Thursday, the…

Mahfuja Mukul: The defaulted loans of the banking sector are becoming concentrated. A few big defaulters are stuck with huge amounts of debt. Likewise, the majority of defaulted loans are in a few private banks, including the government.The top 10 banks account for 65 percent of the total non-performing loans…

Staff Correspondent : Remittance is the second sector of foreign exchange earnings of the country. Expatriates are contributing to the development of the country by sending remittances. Expatriate income shows some glimmer of hope amid dollar crisis. In the first six months (July-December) of the current fiscal year 2023-24, remittances…

Syndicate active in rice market Zarif Mahmud : Rice prices have increased in the wholesale and retail markets despite adequate supply. The retail price of miniket rice which was Tk 65 last week has now increased to Tk 70. According to retail and wholesale traders, record production of Aman paddy…

Mahfuja Mukul : Manpower export from Bangladesh is increasing every year. However, remittances are not increasing in proportion to the rate of export of manpower. According to analysts and economists, remittances have decreased as expatriates send money illegally to the country through hundi, hoping to get more money because the…

Mahfuz Emran : At least a dozen banks are facing severe liquidity crunch due to irregularities, corruption and lack of confidence. Some of these banks are in very fragile condition.Apart from Bangladesh Bank, these banks borrow cash from each other every day. Strong banks lend to weak banks. This system…

Staff Correspondent : Most of the country’s financial institutions are plagued by irregularities and corruption. Even after disbursing the loan, the institutions are not able to collect it. As a result, these institutions are failing to maintain provisions against bad loans. As of last September, 10 non-bank financial institutions have…