“It is clear that the effects of COVID-19 are still being felt by many businesses across key industries in Bangladesh, effectively disrupting their operational capacity,” Alan Forlemu, Regional Industry Director, Financial Institutions Group , said the IFC. “This funding package has been specifically designed to help ensure that businesses in Bangladesh can continue to trade […]
On the question of Jatiya Party MLA Syed Abu Hussain mentioning that the tax revenue was less than the target in the last financial year, Kamal said that the desired revenue collection has failed due to economic recession after Kovid, Russia-Ukraine. War, global monetary policy and austerity policy. Responding to another question from Latif, he […]
Sector insiders said discipline will be instilled in banking operations and operating costs will be brought down by following the instructions. Furthermore, directors and influential people force banks to pay high rents on their properties and buildings by setting up branches, sub-branches, or ATM booths. He said that this trend would come down after the […]
“Recently, some officials of this bank have been trying to destabilize the country’s financial sector by spreading misinformation about banks and financial institutions through social media and other means,” he said. Earlier on January 8, the Cyber Crime Unit of DMP had arrested Mohd Noor Un Nabi, Mohd Afsar Uddin Roman, Mohd Abu Syed Saju, […]
Depositing money in banks causes loss to the people.
The recent easing of inflation data is welcome news for policymakers, but it is “not yet evidence that inflation has cooled to levels consistent with a persistent inflation target,” warned Unicredit Bank economist Edoardo Campanella in a note. Gave. The Fed’s long-term inflation target is 2 percent. “The Fed will likely slow the pace of […]
Earlier on Monday, Bangladesh Bank had issued a circular to facilitate liquidity to Islamic banks. The order came into effect from the day. Using this facility, Islamic banks began lending money to the central bank by depositing sukuk (Islamic bonds or “Sharia-compliant” bonds).
Almost every day news is coming out about the banking sector. How long can people be fooled into thinking that there is no crisis in the region? I don’t know of a single case anywhere in the world where a single business conglomerate controls more than half a dozen banks. According to the central bank’s […]
