Banking & Commodity

Farmers in the district got bumper production of Aush paddy with a yield of 8,577 tonnes of rice from 3127.2 hectares of land this year. Department of Agriculture Extension (DAE) office sources said the farmers already completed harvesting of the crop on September 8. The office said the crop has …

The sale of national saving certificates, which was declining since last year, almost hit rock bottom in July, the first month of the new fiscal year 2022-23. Insiders believe sales of the savings tool may decrease further in the next months, despite several steps taken by the government in recent …

Planning Minister MA Mannan expressed his hope on Tuesday that the general point to point inflation in the country is likely to ease from October due to the various measures taken by the government. “The inflation is likely to remain a bit higher in September as it was in August. …

Selling rice and flour through open market sale (OMS) program will continue until the rice market is stable, Food Minister Sadhan Chandra Majumder said today (September 6, 2022). “The government operates the program for five months – from March to April and September to November – every year and the …

Bangladesh Bank (BB) has scrapped the 360-day special repo facility due to the improvement in the Coronavirus situation and a lack of demand for the borrowing tool. The central bank introduced the special repo on May 13, 2020 in order to implement the stimulus packages and to ensure smooth liquidity …

Inflation will increase in the August-September period owing to the hike in the cost of living and the ongoing Russia-Ukraine war, but it may decline in October, said Planning Minister MA Mannan yesterday. “I earlier said that inflation will increase in August. Now is September. The inflation will also continue …

Bangladesh Bank has shown a huge profit in foreign currency revaluation. In FY22, the central bank made a profit of nearly Tk26,300 crore from foreign currency revaluation which pushed its total profit up to Tk29,247 crore. It is more than five times higher than the Tk5,777 crore in FY21, according …

Bangladesh Bank yesterday asked 27 banks to explain why they had allowed their credit card holders to spend dollars breaching a ceiling set by the foreign exchange rules. Some 71 credit card holders of the banks spent between $12,500 and $20,000, ignoring the annual central bank limit of $12,000. Md …

The Bangladesh Bank on Sunday asked 27 banks to explain as to why dollars above the allowed limit were spent abroad through 71 credit cards issued by the banks. BB executive director and spokesperson Md Serajul Islam told New Age that the BB found that 71 credit card users spent …

Deposits into shariah-based Islamic banks rose by 12 per cent to Tk 4.12 lakh crore at the end of June 2022 from 3.68 lakh crore at the same period last year. It was the first time that the deposit of Islamic banks crossed Tk 4 lakh crore. In terms of …