Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
At the meeting, the Financial Institutions Division presented updates on defaulted loans and other parameters in four state-run banks, liquidity crisis in the banking sector, risk management, recapitalization in banks, foreign exchange crisis and introduction of laws regarding the financial sector. , When asked about the issue, former Bangladesh Bank governor Salehuddin Ahmed said, “What […]
Digital banks also cannot provide any over-the-counter services and must provide round-the-clock service. To provide better services to the consumers, developed technology-based products including virtual cards, QR codes can be introduced but no plastic cards can be supplied. However, consumers can use ATM booths and agents of other banks to avail the services. Apart from […]
In his written speech in Parliament, Datuk Seri Tiong said there were 56,66 active “second home” pass holders in Malaysia as of Jan 31, 2024. These include participating passholders as well as dependent passholders. Minister Datuk Seri Tiong King Sing told Parliament on March 11 that China has the highest number of active MM2H pass […]
Earlier the highest rate of interest was 9 percent. But the central bank retreated from its previous position of setting a fixed interest rate. At present, the interest rate on the loan is decided following the six-month moving average rate of Treasury Bills (SMART) method. Earlier, 3.5 percent additional interest was added to this base […]
The comments come at a time when the banking sector is grappling with loan irregularities, willful defaults and huge defaults due to the regulator's lax policy. According to the central bank, the volume of defaulted loans at the end of December 2022 stood at Tk 1206.58 billion, which was 8.16 percent of the loans disbursed. […]
Although it has been said from various levels of the government that the banking sector is performing well, the reality tells a different story. Although the amount of defaulted loans is 1,450 billion taka, the amount of weak assets is about 3,500 billion taka. Furthermore, BB officials estimate that the size of anonymous loans is […]
Russian grain exports are projected to reach 65 million metric tons in the current 2023/24 season, compared to 60 million tons in the last marketing season. The Russian Federation does not publish official export statistics. IKAR analysts estimate wheat exports this season at around 52 million tonnes and SovEcon at 48.6 million tonnes. “So far, […]
No one takes responsibility for the failure in Bangladesh and the finance sector regulators are also no exception to this, but this failure has now brought a threat to the entire financial sector. The condition of many banks is now so bad that Bangladesh Bank has appointed its officials as supervisors and coordinators. There are […]
Bangladesh Bank spokesperson Mazbaul Haq said the two banks have signed an agreement for the merger. They will submit further applications. After their proposal is approved, Bangladesh Bank will review it. Then they will be approved for merger. When permission is granted to launch the new bank, Padma Bank will be dissolved. He said that […]
The Prompt Corrective Action (PCA) rules state that banks will be classified on the basis of five indices. They are – Bank Capital Adequacy Ratio, Tier-1 Capital Ratio, Common Equity Tier (CET1), Actual Defaulted Loans and Corporate Governance or Good Governance. Tier-1 capital ratio is shareholders' capital, which is the sum of the bank's capital […]
The central bank mentioned in the notification that if willful defaulters are identified and appropriate steps are taken against them, it will be possible to maintain credit discipline and enhance efficiency and capacity in the banking sector, as well as prevent defaults. It will also be possible to reduce the debts incurred. , It further […]
Central bank spokesperson Mazbaul Haq told a media conference on Tuesday that rules will be made on the methodology and procedure banks will have to follow for mergers, following global practices. This conference was called because various speculations had become widespread regarding the merger of weak banks and their better performing banks. Mazbaul Haq said […]
Snigdha Ali, Bangladesh Country Lead, Inclusive Financial Systems, Bill & Melinda Gates Foundation moderated the event. She said bankers have more confidence in women who wear modern attire than those who wear the veil, but women's access to the outside world is still restricted. CRD Managing Director Mohammad Mokhlesur Rahman threw light on the research […]
Member of Parliament AK Azad has commented that Bangladesh Bank does not have enough power to regulate the banking sector. He said that a business group had borrowed Tk 12 billion from a bank but Bangladesh Bank was not aware of it. AK Azad, former president of the Federation of Bangladesh Chambers of Commerce and […]
