Dhaka July 2, 2025, 6:42 pm
The banking sector is in a very fragile situation. This is the most fragile sector now in the country. It needs reform. It is terrible that the amount of looting, fraud and corruption have been happening in this sector
Banks have to reduce the consumption of gas and lubricant by 20 percent and electricity by 25 percent in the next one year starting from July this year
The central bank has given directive to take necessary action to perform Section 48 of 2022 Finance Act properly in perspective of investing more than five lakh as savings certificate in commercial banks and opening post offi
Grameen Bank’s Managing Director Md Abdur Rahim Khan made the remarks at a view-exchange meeting with journalists held at the Grameen Bank headquarters in the capital’s Mirpur area on Sunday
All the convicts were handed 17-year prison terms
Pandemic lockdowns unlock techno scope
The new order would bar many exporters from diverting their export proceeds
Budget deficit financing swells govt debt
The central bank had earlier asked the banks to set the interest rate in line with the euro currency deposit rates. But through the circular, the BB has now made the rate competitive
The credit is from the World Bank’s International Development Association (IDA), which provides concessional financing, and has a 30-year term, including a five-year grace period
As part of the import monitoring framework, banks will now be required to report all types of foreign exchange transactions, including those of offshore banking operations
The new governor also stressed the need for bringing back stability in the foreign exchange market by stabilising the exchange rate between the Taka and the US dollar
Prior to the new appointment, Abdur Rouf served as senior secretary to the Ministry of Finance
Four state-owned banks and seven private ones will disburse the loans
The payment system department of BB on Tuesday issued a circular in this regard and sent it to the top executives of all banks and mobile financial service providers
The central bank set banking hours in these areas from 10.00am to 8.00pm on July 8 and 9 (Friday & Saturday) to facilitate the sacrificial animals' traders
The BB also instructed to keep open bank branches in the Chattogram metropolitan and industrial areas to facilitate payment of garment workers’ and received export bills
Higher foreign trade, covering export and import, helped the banks to earn more as operating profit during the period under review
Taming inflation, stabilising forex reserves key targets
The Agriculture Credit Department (ACD) of the central bank on Monday issued a circular asking banks to disburse 40 per cent of the remaining allocation of Tk 30.0 billion refinance scheme in the flood-affected districts
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