March 29, 2024
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Bank & Finance

Bank & Finance

  • UAE tops in remittances inflow

    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…

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  • Rice price hiking in harvesting season

    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…

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  • Half of remittance eaten up by hundi

    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…

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  • Banks crying for liquidity interest rate shooting up

    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…

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  • 10 NBFIs fail to keep provisions

    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…

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  • 16 NBFIs are in critical condition

    Default loans stood at Tk 21,658 cr Mahfuz Emran : About 30 percent of the loans disbursed in the non-bank financial institutions sector till September last year have already defaulted. Out of these 16 institutions are in very critical condition. 43 to 99 percent of the loans disbursed to these…

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  • Over Tk 60,000cr borrowed in 4-day

    Money shortage in banks Staff Correspondent : At the beginning of the year, the cash crisis in the banks has become evident. To meet this crisis, apart from the central bank, one bank is borrowing from another bank almost every day.As the crisis increases, so does the debt level. In…

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  • Govt now looking for loans from banks

    Zarif Mahmud : Since the beginning of the current financial year, the opposite picture is seen in the government’s debt. The government has taken a record loan from Bangladesh Bank in the previous financial year. However, from the beginning of the current fiscal year 2023-24, the government has taken more…

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  • Foreign investments halved in capital market

    Effect of Floor Price Staff Correspondent : The capital market plays an important role in keeping the wheels of the economy moving in the developed world. But the opposite is the case in Bangladesh. Investors are losing money in the clutches of the manipulation cycle. Foreign investment has also halved.…

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  • Vessel and container handling decreased

    Ayub Ali: The ongoing dollar crisis has reduced the import and export of the country. In this, the arrival of ships through the country’s main seaport has decreased by 256 and container handling has decreased by about 92 thousand TUS. And if the dollar crisis does not end, the traders…

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