Bank & Finance
Bank & Finance
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,…
Read More »Khurshid and Habib made new Deputy Governors
Staff Correspondent : Two posts of Deputy Governor of Bangladesh Bank have become vacant due to the retirement of AKM Sajidur Rahman Khan and Abu Farah Mohammad Naser. The executive director Khurshid Alam and chief economist Dr. Md. Habibur Rahmanof central bank are going to be appointed to those two…
Read More »Bank MD will report BB about board irregularities
Staff Correspondent : If the board of the bank commits any irregularity or takes any decision harmful to the depositors, it should be reported to Bangladesh Bank.The chief executive or managing director (MD) of the concerned bank will report this matter to the central bank.He shall inform the Bangladesh Bank…
Read More »Police seeks interest-free loans for buying cars
Staff Correspondent : The type of crime and criminals in the country is changing. In many cases major crimes are being committed through misuse of technology. The police want to increase their capacity to deal with these. For this reason, interest free loans and financial incentives are being demanded to…
Read More »Thousand crores of taka smuggled thru’ hundi
Some in Kolkata, some in Paris Staff Correspondent : In September 2022, the Criminal Investigation Department (CID) of the police arrested 16 people on the charge of smuggling money abroad through mobile banking. After questioning them, the agency came to know that they had smuggled Tk 207 million in 4…
Read More »Revenue target falls short of Tk 20,000 cr
Zarif Mahmud : The revenue collection of the National Board of Revenue (NBR) has increased in the first six months of the fiscal year. Growth is also in good shape. But the target was not achieved. As a result, the target of revenue collection in the current financial year 2023-24…
Read More »Why good banks will take liability of bad banks?
Special Correspondent : For the purpose of reforming the banking sector, Bangladesh Bank is suggesting to merge all the weak or bad banks with strong or good banks.There are currently 61 banks in Bangladesh. Observers say that about 40 of these banks are doing well, but the condition of the…
Read More »Govt borrowing from ITFC by depositing BB reserves
Special Correspondent : The Department of Energy and Mineral Resources has signed a loan agreement of $2.1 billion with the International Islamic Trade Finance Corporation (ITFC), a subsidiary of the Islamic Development Bank (IDB). Bangladesh will be able to import fuel oil and liquefied natural gas (LNG) under this agreement.…
Read More »7-banks and 2 money changers involved in money laundering
Staff CorrespondentBankers buy foreign currency including dollars from travelers coming from abroad and sell them outside without showing it to the banking channel. Anti-Corruption Commission (ACC) Secretary Md. Mahbub Hossainsaid that the officials of seven banks and two money exchangers are involved in this money laundering.He said these things to…
Read More »About Tk 19,000 crore rescheduled in 9-month
Staff Correspondent: Commercial banks are leaning towards rescheduling after relaxation in rescheduling policy. Banks can now reschedule any defaulted loans themselves if they want. Due to this exemption, the amount of rescheduled loans is increasing abnormally. Through this, the bank can show less defaulted loans.In the first nine months of…
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