Dhaka March 14, 2025, 11:46 pm
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
All the scheduled banks and non-banking financial institutions (NBFIs) are allowed to expend minimum 30 percent of their total CSR funds, instead of the previous 20 percent, to facilitate healthcare supports
Bangladesh Bank has cleared hurdles in the way of Padma Bank’s initiative to bring in foreign investment by making the process easier after following rules and regulations and doing research
The loan is to be repaid in 34 years with a grace period of 04 years. The frontend fee is 0.25 percent, the commitment charge is 0.25 percent and the interest charge is URIBOR+0.98 percent
Policy assistance provided by Bangladesh Bank will ease foreign trade and help revive economic activities
At present, the excise duty rate for Tk 0.10 million to Tk 0.50 million is Tk 150, Tk 0.50 million to Tk 1.0 million is Tk 500
A rebound in foreign trade, covering export and import, from the previous year's corona depression also contributed to the banks' 'higher operating-profit growth' in the outgoing year
The decision was taken after a meeting between the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) and Bangladesh Bank
He has suggested strengthening the capacity of the central bank and reviewing the bankruptcy law to reduce the burden on the country's banking sector
Salma Masud, President, Women Entrepreneurs Association of Bangladesh (WEAB) and Sabbir Ahmed, Head, Consumer, Private and Business Banking, Standard Chartered Bangladesh signed the MoU
Unlike past, borrowers will not be able to repay 25% of the installment after this December
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