Trade in rupee had a lofty aim. But data paints a different picture
Bangladesh and India on July 11 rolled out the cross-border trade settlement in the rupee to cut the dependence on the US dollar, but transaction figures illustrate a dearth of interest in carrying out businesses in the Indian currency.
27 December 2023, 00:30 AM
How National Bank went astray
National Bank, the country’s first private sector bank with a prosperous past, became a losing concern due to massive loan irregularities, lack of good governance and conflict among directors.
26 December 2023, 18:00 PM
Importers seek wider access to loans as currency slides
The devaluation of the taka has squeezed the import capacity of industries, particularly essential commodity importers and exporters
25 December 2023, 00:25 AM
Bancassurance to make banks more responsible
Bancassurance will help banks improve their profitability and boost liquidity, in addition to making them more responsible towards clients, said Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank PLC
24 December 2023, 00:05 AM
14 banks face record capital shortfall
Fourteen banks, including six state-run ones, faced a record capital shortfall in the third quarter of 2023, an indication of their fragile financial health caused mainly by a lack of governance.
18 December 2023, 18:00 PM
Tk 1,000cr fund for cinemas, but not many takers
Complexities involving deeds offered as mortgage, lengthy procedures for availing the loans, lack of collateral, and growing demand for Netflix and other video streaming platforms are the major reasons for poor demand
17 December 2023, 00:10 AM
5 Islamic banks at risk of being frozen out of transactions
Bangladesh Bank sets December 26 deadline for the banks to adjust current account deficit
14 December 2023, 18:00 PM
Banks to sell insurance in boost for the fledgling sector
Bancassurance is an arrangement between a bank and an insurer, allowing the former to sell the products of the latter through its vast network
12 December 2023, 15:49 PM
Reserves remain under pressure
Pressure on the foreign exchange reserves remains high as the deficit in the financial account continues to widen despite the narrowing trade gap and a current account surplus.
6 December 2023, 18:00 PM
Cash crunch lingers at crisis hit Islamic Banks
Five Shariah-based banks are still experiencing liquidity crisis despite significant support from the central bank
5 December 2023, 00:30 AM
Remittances climb, buoyed by higher exchange rate
The inflow of remittance to Bangladesh increased 21 percent year-on-year to $1.93 billion in November as most banks are offering higher rates for the US dollar to boost foreign currency collection.
4 December 2023, 00:10 AM
BB goes shopping to private banks for dollar
Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.
28 November 2023, 18:00 PM
Rising deposit rates bring cheers to savers
interest rates on all kinds of deposits have been rising since the withdrawal of the lending rate ceiling in June
28 November 2023, 00:00 AM
Policy rate hiked again as inflation stays high
rate will be 7.75 percent, which will be effective from today
27 November 2023, 00:00 AM
Janata Bank comes short of BB’s targets
Janata Bank has failed to meet any of its performance improvement targets set by the central bank in the first half of the year -- a worrying development given that the state bank accounts for the second-highest volume of deposits and loans among the 61 scheduled lenders in Bangladesh.
25 November 2023, 18:00 PM
Six private banks’ bad loans soar 55pc in nine months
Bad loans in six private banks increased by about 55 percent in the first nine months of the year, raising further alarms about the health of the banking sector.
22 November 2023, 18:00 PM
‘No rule of game’ in collecting remittance
Some banks are seeing extraordinary growth in remittance inflows thanks to offering at least Tk 4 more than the permitted rate per dollar.
21 November 2023, 18:00 PM
Bad loans rise in private banks, but drop in state banks
Overall, banking sector's non-performing loans fall slightly
21 November 2023, 14:56 PM
Banks’ excess liquidity drops despite slow lending
Excess liquidity in the banking sector of Bangladesh continues to fall despite lower credit demand ahead of the national polls and higher interest on deposits offered by banks to lure savers.
20 November 2023, 12:25 PM
Interest rate of treasury bills crosses 10%
The interest rate of treasury bills in Bangladesh has crossed a recent high of 10 percent, indicating that lending rates will rise further in the days ahead, according to bankers.
19 November 2023, 18:25 PM