Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
According to Bangladesh Bank sources, 40 out of 61 banks of the country are performing better. The remaining 8-10 banks may merge with others. For this, he advised the MDs of better performing and weaker banks to start discussions among themselves. The governor made this suggestion on a day when Padma Bank Chairman Chaudhary Nafeez […]
Sources said that Governor Abdur Rauf Talukdar said in the meeting that 40 out of 61 banks of the country are in good condition. The remaining 8-10 banks may merge with others. For this, he advised the MDs of better performing and weaker banks to start discussions among themselves. After the meeting, Mutual Trust Bank […]
Exporters say the global economy is going through stress due to the coronavirus pandemic, followed by the Russia-Ukraine war and the Hamas-Israel war. Demand for various products including readymade garments has decreased. In these difficult times, the size of the Export Development Fund (EDF) was reduced last year. The cost of business is continuously increasing. […]
For this reason, the Debt Management Department made several recommendations. These include making necessary arrangements in the electronic system of Bangladesh Bank for placing the bonds as collateral; To adjust the funds from the current accounts of the banks by releasing the lien of the collateral bonds on maturity and depositing those funds in the […]
The event, chaired by Javed Akhtar, President of FICCI and Managing Director of Unilever Bangladesh, was attended by businessmen from various sectors and representatives of developing partner countries and agencies. Atiur Rahman presented a paper titled ‘Bangladesh on the path to trillion dollar economy: Opportunities and challenges’ at the event. He said that the depositors […]
Mahmood Ali noted that economic problems will take some time to solve, and that people are generally understanding the drastic but necessary steps required in economic policy planning. However, there is a collective desire to see parity between the government’s words and actions. The issues of corruption and loan scams in the banking sector have […]
Over the past year, the banking sector regulator has taken various initiatives to tackle high inflation. Also, some important steps were taken in line with the suggestions of the International Monetary Fund (IMF). In the previous monetary policy, Bangladesh Bank had taken initiatives such as introduction of interest rate corridor system, withdrawal of interest rate […]
The responsibility of finding and addressing the perpetrators responsible for increasing prices through conspiracy falls under the jurisdiction of law enforcement agencies, regulatory bodies and relevant government authorities. These entities are tasked with investigating and taking appropriate legal action against any individual or group involved in price manipulation or activities that contribute to inflation. Prime […]
In view of the continuous decline in reserves, the government has taken a loan of US$4.7 billion (US$470 crore) from the International Monetary Fund (IMF). Bangladesh has so far received two installments of the loan. It is expected to get two more installments in the new year. The government will have to make reforms to […]
According to Bangladesh Bank data, the income of salarymen for the year 2023 was $21.9 billion, which is about 3 percent higher than the $21.3 billion received in 2022. In 2021, expatriate income was $22.07 billion, compared to $21.73. billion in 2020 and $18.33 billion in 2019. This means that the recently ended year saw […]
According to Bangladesh Bank, last June the money outside the banks was 2,919.13 billion taka, which decreased to 2459.43 billion taka. As the amount of money outside banks declined, the total size of bank deposits increased. The total size of bank deposits in June was Tk 15,952.54 billion, which increased to Tk 16,365.92 billion in […]
The central bank – Bangladesh Bank – is buying dollars from other banks to increase its foreign exchange reserves, with the aim of meeting the requirements of the International Monetary Fund (IMF) loan plan. According to sources, despite the severe dollar crisis in the currency market, some commercial banks are selling dollars to the central […]
The International Monetary Fund (IMF) recommended reforming the sector by eliminating regulated interest rates on loans and deposits. In response, Bangladesh Bank introduced new rules for setting interest rates last July with the aim of controlling inflation and considering the bank’s liquidity position. The central bank adopted a new system called smart interest rates (six-month […]
