Dhaka April 22, 2025, 8:34 am
Thanks to the strict legal action taken by the state-run banks, several wilful defaulters have already been arrested
The accused misused the power of mutual agreement and provided the loan of Tk 10 crore in addition to the earlier loan of Tk 14 crore despite knowing that the value of the forced sale of the mortgaged property is lower than t
Citibank, N.A. worked as the lead arranger for this syndication
The central bank signed a loan deal with 46 banks to implement the scheme to help the cottage and small industries recover from the Covid-19 pandemic shock
Central bank would take next course of action after receiving the reports
Tembon said this in a farewell meeting with Planning Minister MA Mannan on Monday
The decision will come into effect from Wednesday
The move got underway after the central bank’s inspection found severe irregularities, huge defaulted loans, liquidity shortage, mismanagement and distortion of funds
The banks are alleged to have purchased dollars at a lower rate from exporters but they sold the greenbacks at a much higher rate violating the banking rules
The foreign exchange companies can now sell the dollar at a maximum of Tk 1.5 over the banks’ selling rate
All-in-cost will include the entire cost of a financial transaction, business operation, taxes and fees such as closing costs, origination fees, or commissions
the central bank is giving priority to cottage, micro, small and medium enterprises (CMSMEs) so that the labour-intensive small sector can grow based on local raw materials in developing specific products
The Financial Institution Division under the Ministry of Finance issued three separate circulars announcing the appointments on Sunday
The gap between the buying and selling rates of the dollar against the Bangladesh currency will be a maximum of Tk 1.0
All kinds of initiatives were taken to collect information about money laundering from the country
The Bangladesh Bank on Jul 18 announced a new loan rescheduling policy after nine years to “reduce the pressure on the economy”
Banks can now establish drawing arrangements, an official channel to receive remittances, with exchange houses abroad without prior permission
The central bank issues the order for their involvement in raising the price of the US dollar
Economists and former NBR officials criticized the amnesty saying that money laundering and capital flight from Bangladesh would increase due to this
The project will further support to ensure that the urban areas remain prepared to any future shocks while benefitting the urban poor through job creation, better services, and infrastructure
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