Banking & Commodity

Banks’ overnight borrowing through interbank call money market grew by 65 per cent or Tk 1,19,698 crore in the first two months (January-February) of 2022 compared with that in the same period of 2021 as banks observed higher credit demand following a gradual economic activities restoration. According to Bangladesh Bank …

Lenders and clients in Bangladesh are set to get the opportunity to settle transactions instantly as the central bank has moved to expand the facility of real-time gross settlement (RTGS) to non-bank financial institutions and the foreign exchange operations of banks. The move will also help widen money circulation as …

Trading Corporation of Bangladesh (TCB) has started selling essential items through family cards at subsidy rate here along with other parts of the division since this morning. Commissioner of Rajshahi Division GSM Zafarullah accompanied by Deputy Commissioner (DC) Abdul Jalil and others concerned opened the selling activities at Mahisbathan Colony …

Farmers have planted paddy on increased areas of land during the current Boro cultivation season after being encouraged by higher prices for the staple grain in the domestic market for the last one year. The total area being used to cultivate the dry season rice crop stands at 49.09 lakh …

Banking sector in Bangladesh lost a whopping Tk 520.84 billion deposit in the second quarter of the current fiscal year, which is thought to have been invested elsewhere or gone to informal sector. In the October-December quarter, total deposits in banks slumped to Tk 14,090.34 billion from Tk 14,620.19 billion …

Rangpur, known as the largest potato producing area of the country, has begun exporting improved varieties of potatoes to several countries in the Middle East and Southeast Asia, including Saudi Arabia, Malaysia and Indonesia since Thursday. An initial order of 4,500 tons of potatoes has been received, according to local …

The number of reports on suspicious transactions and activities related to money laundering and terror financing rose by 43.67 per cent year-on-year in the fiscal year 2020-2021 amid an increase in fraudulent activities in the areas of e-commerce and multi-level marketing. The data on suspicious transactions and activities were incorporated …

Commerce Minister Tipu Munshi today said the government will form a taskforce in a day or two to check price hike. “Some traders are trying to take advantage of the rising prices in the international market. But we have fixed the price through talking with the traders. We will not …

The central bank asks non-banking financial institutions (NBFIs) to stop inadmissible expenses for luring deposits and go by declared rates, officials say. The nonbanks have also been instructed to publish information relating to interest rates on deposits regularly on their websites, according to a notification issued Sunday by the Bangladesh …

Cabinet has asked National Board of Revenue to work on whether import duty on edible oil can be reduced ahead of Ramadan. “The import duty is 15%. NBR has been asked to check how much of it can be reduced,” said Cabinet Secretary Khandakar Anwarul Islam. At a briefing, he …