Dhaka March 13, 2025, 2:57 am
The third review mission of the IMF started discussions with the interim government of Bangladesh regarding the assured fresh $3.0-billion loan in addition to its already-granted $4.7 billion in a credit package
Deposits in Bangladesh's banking industry dropped nearly 1.0 percent during the July-September 2024 period
The reforms aim to enhance tax collection, improve public investment efficiency, and strengthen the performance of state-owned enterprises
ADB Country Director for Bangladesh Hoe Yun Jeong said this on Monday
The severity of the issue has been described as the 'black hole' of the banking sector, with a depth three times greater than what is visibly apparent
Bangladesh Bank made the disclosure, sparking widespread curiosity about the design elements of the forthcoming notes
As per the circular, the government will provide 3 percent cash assistance for shipped goods from 1 February 2024 to 30 June 2024
Economist Dr Mustafa K Mujeri, former chief economist of Bangladesh Bank, criticised the approach of injecting printed money into weak banks
The growth highlights the rising popularity of agent banking as a financing mechanism in rural Bangladesh
Prior to this appointment, Hasan served as the bank’s Additional Managing Director and Chief Risk Officer
With no investment in the country’s private sector in the last six months, there is still instability in the financial sector
Bonds would be issued to gradually mop up the lent sum, and check inflation growth
The hacking group based in Southeast Asia, sent part of the stolen money to Japan
To rationalise reporting formalities, it has been decided that ADs! are no longer required to submit monthly statements as per aforementioned instructions
For all types of loans, if the amount is not paid on the last day of instalment payment, the loan must be marked overdue from the next day
All loans will be treated as past due or overdue if not paid on or before the repayment date
To this end, the central bank on Wednesday issued a circular
The regulatory move comes as the banks have faced difficulties in payback to the depositors following reported massive loan-related irregularities during the Sheikh Hasina government
This incentive will apply specifically to juices and drinks made from locally produced fruit pulp, allowing exporters in this sector to benefit from the support
The approval came at a meeting of the Bangladesh Securities and Exchange Commission (BSEC) on Tuesday
