Dhaka May 5, 2024, 5:46 pm
The central bank has kept ready a stock new notes of Tk 230.0 billion and the amount will be increased if required
Baby food, fuel oil, life-saving drugs and products for farm, export and local industrial sectors would be excluded from the instructions
In order to avail the subsidies, it is required by the Commerce Ministry that exporters of ITES acquire a certificate from the two organizations—BASIS and BACCO
Its chairman heads Shariah panel, none in the committee has knowledge of Islamic jurisprudence
Under this agreement all 383 branches of Rajshahi Krishi Unnayan Bank will be able to disburse inward foreign remittance received from different part of the world through NCC Bank
The World Bank is set to provide half a billion US dollars in loan to modernise the rural electricity distribution system in Dhaka and Mymensingh regions
ADB's assistance supports the government's goal of accelerating economic growth through industrialisation and trade,
The Finance Ministry is considering approving a proposal of Bangladesh Bank (BB) using the 'currency swap' system with Russia to avert losses
The program reflects ADB's commitment for climate resilience and green growth while reducing poverty, improving livelihoods, and managing water-related disaster risks
The project supports the policies and strategies of Bangladesh and ADB for climate resilient urban development, more livable cities, green growth, and environmental sustainability
The banks along with other financial service providers have also been instructed to prepare a list of key persons who are engaged in critical service management, including ICT infrastructure
The fresh directive comes just a day after the central bank on Monday asked the banks to operate with 50 percent workforce as per the government’s instructions to contain the virus transmission
Banks also will not be allowed to either postpone the promotion or ask to resign their officials or employees, if the officials or employees fail to achieve the target of deposit collection
Under the new credit guarantee scheme, the marginal people can take a loan of Tk 25,000 to Tk 5 lakh in a single name while Tk 20 lakh can be borrowed as a five-member group
Higher import-payment obligations from the side of the economy could possibly add to the pressures on the currency reserves
At the meeting of the board of governors on Thursday, the central bank is expected to raise an application for further extension of People's Bank's LOI (letter of intent) along with approval of Shakib and his mother’s sponsor
The central bank issued the policy with a view to strengthening credit risk management of banks by limiting concentrated exposures and further improving the stability of the banking sector
The instructions were given during a courtesy call of the newly elected leaders of the Association of Bankers, Bangladesh (ABB) with Bangladesh Bank (BB) Governor Fazle Kabir
Devaluation can boost a country’s exports by making its products more competitive in international trade
The government is trying to get another big chunk of US$940 million in aid package from the Asian Development Bank (ADB) for purchasing Covid-19 shots to be used as booster doses
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