Dhaka February 24, 2025, 9:11 am
Out of 60 banks in the country, 28 are currently using domestic CBS
Meeting with lenders today amid poor fund disbursement from stimulus packages, especially for CMSMEs
This loan can be taken through the process of internationally recognized factoring (loan taken under the guarantee of the importer, exporter and two agents of the two countries with the loan export bill mortgage)
Non-scheduled Palli Sanchay Bank, Karmasangsthan Bank and specialised Probashi Kallyan Bank have received the government grant of Tk 2.5 billion each
The disbursed amount is just 7.50 percent of total Tk 200 billion financial support meant for small and medium enterprises (SMEs)
Banks cut more on lending
Among the projects, ERD has completed negotiations in 6 projects with the World Bank. It has also received approval of the World Bank board meeting in this regard
The number of fully online branches of these banks also increased to 9,580 at the end of April this year which is 90.45 percent of the total branches currently under operation across the country
Under the relaxations, the NBFIs are allowed to extend the tenure of term loans and leases by a maximum of 50 percent of the remaining time to maturity, instead of existing 25 percent
The policy will help NRBs to create their financial safety net in Bangladesh
Besides the project aid, Bangladesh also sought budgetary support from the Washington-based lender
The tenure of the refinance facility under the package will be three years from August 04, 2020 to August 03, 2023
The assistance will help alleviate the government’s urgent financial, logistical, and other constraints to meet immediate needs and deliver appropriate medical services
It is supporting the construction of eight public modern grain storage steel silo complexes for rice and wheat in eight different districts
After Eid-ul-Azha, there will be another mission from the WB when detailed terms and conditions are expected to be finalised
As part of the expansionary policy stance, the Bangladesh Bank has reduced the repurchase rate by 50 basis points to 4.75 percent from 5.25 percent
Sawgat Arman transferred Tk 12.16 crore to another accounts resorting fraudulence at various times while working as a manager at the Bank in Bogura branch. Later, he transferred the money to his own account and embezzled it
Mahfuzur Rahman, former chair of the DU’s Department of Banking, will perform his duties for three years from the date of joining
It may signal continuing stock market support
In a set of orders to support the farmers, the Bangladesh Bank said the banks will have to give the farmers rescheduling facility by relaxing down-payment provisions
