Bank & Finance
Bank & Finance
Bad loans write off increased 18 times
Amount of write off loans in 2023 was Tk 67,440 cr Zarif Mahmud : Due to lack of good governance in the banking sector, political influence, multi-faceted irregularities-corruption and forgery-debt collection is continuously decreasing. Due to non-payment of loans within the stipulated time, the defaulted loans are increasing. Even among…
Read More »Liquidity increasing in banks
Banks offer more interest than govt securities Mahfuz Emran : Liquidity of banks have been increasing gradually due to the rise of interest rate in bank comparing to the rate of government securities. Some of the banks have been offering interest on deposit at 13.50 percent whereas, the interest rate…
Read More »Defaulted loans in agri sector increased by Tk 431 cr in a year
Staff CorrespondentIn January this year, the amount of defaulted loans in the agricultural sector stood at Tk 4,336 crores. At this time of the last financial year, the amount of defaulted loans was Tk 3,905 crores. In other words, the defaulted loans in the agricultural sector have increased by Tk…
Read More »2 agri-bank hold Tk 31,200 cr NPL
Incurs 20pc of total NPLs Mahfuja Mukul : The total non-performing loans of two agriculture financing banks have stood at Tk 31,200 crore till December 2023, which is 20 percent to the total overdue loans of the banking sector of Bangladesh.According to the latest Bangladesh Bank report, at the end…
Read More »Prime Bank allows Tk 50 crundue interest waiver
Rare magnanimity towards a debtor Staff Correspondent: Prime Bank has shown questionable rare magnanimity towards businessman debtor Mohammad Abul Bashar of Khatunganj, Chittagong city. His interest of Tk 50 crore has been waived. At the same time, the private bank has given the opportunity to pay in 19 installments in…
Read More »Govt paid off debt with fresh debt!
Farhad Chowdhury : In the first six months (July-December) of the current financial year, the government is taking regular loans from various internal sources. Especially the trend of borrowing from treasury bills and bonds has increased a lot. But the government is paying the loan from one sector to another…
Read More »Interest on bank loans stood 13 pc
Staff Correspondent : The loan interest rate has increased to the highest level after the bank lifted the 9-6 interest rate. Interest rates on loans rose further to over 13 percent as interest rates on Treasury bills rose sharply. Banks will charge 13.11% interest on loan disbursement next month.The margin…
Read More »Inflation to be terrible for increased electricity price
Zarif Mahmud : Due to inefficiency and mismanagement, fuel prices are being increased again and again, noted economist and former governor of Bangladesh Bank Salehuddin Ahmed said that rental-quickrental electricity has caused great damage to the economy.Media asked this analyst for his opinion on the decision that the government is…
Read More »Restoring people’s confidence vital for boosting insurance sector
Special Correspondent: President of the Bangladesh Insurance Forum (BIF), BM Yusuf Ali, has emphasized the need to address the crisis of confidence among the people towards the insurance sector to facilitate its development in the country. “The insurance sector holds significant potential in our country. However, there remains a crisis…
Read More »12 banks taken Tk 65,000 cr loan against $580m security
Zarif Mahmud : Commercial banks have started borrowing money by depositing dollars in the central bank through currency swaps to meet the liquidity crisis. A total of 12 banks have deposited $58.80 billion in the central bank since the beginning of the currency swap or taka-dollar exchange. On the contrary,…
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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 …
