Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
The budget is not about speeches. It is a statement on medium-term macroeconomic policy. This statement is one of the many documents related to the budget. It mentions various challenges faced by the economy, such as a strict monetary and expenditure contractionary policy is being followed, in the hope that this will reduce inflation in […]
The central bank had in June asked four state-run banks to bring down default loans to within 12 per cent as part of their loan conditions from the International Monetary Fund (IMF). The banks are – Sonali Bank, Agrani Bank, Janata Bank and Rupali Bank. However, none of the banks have been able to bring […]
These findings were presented at a dialogue titled ‘What is the future of banking sector in Bangladesh?’ organised by CPD on Thursday. The CPD said the total amount of NPAs has increased more than three times in the last ten years, from Tk 427.25 billion in the fourth quarter of FY 2011-12 to Tk 1456.33 […]
prothom hello , Debapriya Bhattacharya There are many reasons behind the emergence of this situation. Firstly, the required amount of tax could not be collected from domestic sources. Secondly, it was not possible to stimulate private investment. There are many other reasons why even foreign aided projects could not be implemented on time. Infrastructure projects […]
Responding to a question about bank mergers, Chris Papageorgiou said that this initiative of Bangladesh Bank is needed because of the 61 banks of Bangladesh, some are very strong while others are not. The IMF team expressed satisfaction that Bangladesh has introduced the monthly fuel oil price adjustment system. Chris Papageorgiou commented, “The authorities have […]
The bank's top loan defaulter is Chattogram's Muhib Steel and Ship Recycling Industries, owned by Mujibur Rahman alias Milan. He has reportedly been hiding abroad for a long time. The total debt of the company is Tk 1.47 billion (Tk 147 crore). Khulna's Mimu Jute Mill, Mullik Aquaculture and Monmi Agro are in the bank's […]
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 […]
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 […]
