Dhaka February 23, 2025, 8:09 am
Such relaxation has been taken to create the opportunity of funding in reduced cost to grow new businesses and investments, which will make the economy vibrant
HC also directed to take action against the ACC according to the law if the probe is not completed within this time frame
He was speaking to journalists in the conference room of the Ministry of Finance on the current situation of the country’s banks, especially, money swindling from the Islami Bank Bangladesh
The finance minister inaugurated the programme in his office at Bangladesh Secretariat
Bangladesh Bank (BB) has allowed foreign firms and joint ventures (JVs) located in the economic zones (EZs) to take working capital loans in taka from the domestic banking system for their operations catering for the local ma
An explanation has been sought from the authorities concerned to verify the accuracy of these videos
There is a liquidity of Tk 1.70 lakh crore remaining in the banking sector at present, which is more than the requirement
She gave the instruction during a meeting of the National Implementation Committee for Administrative Reforms (NICAR)
Amid the government’s fund crisis, Bangladesh Bridge authority badly needs the money from the fiduciary bank within a short time
It instructed the banks in case of interest waiver they have to take the opinion of the head of internal control and compliance (HICC) through internal audit department
The Microenterprise Financing and Credit Enhancement Project will increase the liquidity of microfinance institutions (MFIs), which are key lenders to microenterprises, by channeling funds through Palli Karma Sahayak Foundati
In the near to medium term, Bangladesh will have significant investment requirements in energy and infrastructure that will likely be brought to life through private-sector partnerships
The situation arose following restrictions on opening LC and limitations on services related to foreign exchange
“The country has been losing foreign currency due to banks’ failure to assess the real market prices of imported goods,” Talukder told the chief executive officers of banks at Bangladesh Bank’s headquarters in Dhaka
Bangladesh Bank spokesperson Md. Abul Kalm Azad was addressing a press conference at the central bank to brief reporters on misinformation circulating in social media regarding bank deposits and liquidity
Bangladesh can sustain rapid growth by strengthening macro, fiscal and financial sector reform and continuing investment in human capital and climate resilience
He also informed that the country would receive another $500 million from the lending agency in the next two years under the Green, Resilience, Inclusive, Development (GRID) initiative
'Binimoy' is a breakthrough platform for establishing digital financial transactions, which is a timely initiative among the far-reaching steps taken by the government to build a digital Bangladesh initiative
The bank’s vision is to make the app a one-stop platform for loan-related solutions for valued customers
Bangladesh is expecting some US$1.0 billion worth of budgetary support from the WB, the government would request the visiting vice-president to confirm the fiscal support, after getting the green signal from the IMF to provid
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