Banking & Commodity

Rajshahi Krishi Unnayan Bank (RAKUB) has disbursed loans of around Taka 143 crore for fish farming in the country’s northwest districts during the last 2021-2022 financial year, officials said. The state-owned specialized bank distributed the loan among 2,250 commercial fish farmers in all 16 districts under Rajshahi and Rangpur divisions …

Loan disbursement by non-bank financial institutions (NBFIs) surged 46 per cent year-on-year in the April-June quarter thanks to a recovery in demand after the reopening of the economy in the second half of last year. Financial institutions disbursed Tk 6,839 crore in the July-April period of 2022, up from Tk …

Despite continued growth and huge prospects of the livestock sector, financing by banks to boost investment in farming remains low. Dairy, poultry and other livestock farmers got 14 per cent of total Tk 26,500 crore loans disbursed by banks for the farm sector in the fiscal year 2020-21. The amount …

The government’s borrowing from the Bangladesh Bank increased to Tk 64,589 crore on September 8, 2022 compared with that of Tk 23,749 crore on the same day of the past year due to liquidity pressure in the banking sector. According to a Bangladesh Bank data, government’s borrowing from central bank …

Bangladesh Bank (BB) has allowed banks to maintain accounts in Yuan with their corresponding branches abroad to settle cross border transactions in Chinese currency. “To bring wider scope, it has been decided that Authorized Dealers (ADs) may maintain accounts in Chinese Yuan Renminbi (CNY) with their correspondents or branches abroad …

Prices of eggs, vegetables and sugar went up on the kitchen markets in Dhaka city over the week ending Friday. Traders said that the prices of eggs continued to rise on the city markets for the last two weeks as wholesalers increased the prices of the item. They said that …

Bangladesh Bank yesterday reiterated that it does not allow holding or trading of any kind of virtual coin or cryptocurrency in the country. It has asked all to refrain from trading any kind of virtual currency as the definition of “currency” provided by the Foreign Exchange Regulation Act, 1947 does …

The number of banks facing a capital shortfall has risen in the second quarter (April-July) of 2021 largely due to loan defaults. According to the latest data from the central bank, the total capital shortfall of 12 banks stood at Tk29,531.35 crore. In the previous quarter, the capital shortfall was …

Prices of toiletry items including detergent and dishwashing products, handwash, toothpaste and shampoo have marked a sharp rise in the country, adding to the rising cost of living. Local and international companies are raising the prices of their products frequently to make quick profits, ignoring the rights of the consumers, …

Bangladesh Bank on Thursday claimed that it would allow the market, meaning demand and supply, to fix the exchange rate of the US dollar against the local taka. Earlier in May, the central bank had taken the same decision but later backtracked from it to artificially keep the local currency …