Bank & Finance

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…

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…

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…