Banking & Commodity

Bangladesh Bank (BB) has fixed banks’ single borrower and large exposure lending limit to within 25 percent of its capital. The central bank issued the policy with a view to strengthening credit risk management of banks by limiting concentrated exposures and further improving the stability of the banking sector. It …

The government has no plan to hike edible oil prices in the next 15 days as further review of the prices is needed, Commerce Minister Tipu Munshi said today. Munshi said this at a press conference after a meeting with millers, refiners, wholesalers and importers of edible oil at his …

The point-to-point inflation in December 2021 hit 13-months high at 6.05 per cent as the raise in diesel and kerosene prices continued to push up the prices of non-food items, officials said on Tuesday. In October 2020, the general inflation was recorded 6.44 per cent by the Bangladesh Bureau of …

Lending of the banks through agent banking reached a record high in November 2021 amid a number of banks’ move to explore the scope for low-cost lending in the remote areas. The latest Bangladesh Bank data showed that the banks’ lending through the agent banking channel reached Tk 587.9 crore …

The Bangladesh Bank has reduced the limit of loan provided by any bank to a single person or organisation to 25 percent of its total regulatory capital from the previous 35 percent as part of its measures to contain the concentration of loans among a small group of people. From …

Tulips are being grown all over Sharialjoth village in Tentulia upazila of Rangpur’s Panchagarh district in a bid to increase tourism and boost the regional economy, according to local officials. The Eco Social Development Organisation (ESDO) initiated the pilot project with financial backing from the Palli Karma-Sahayak Foundation and International …

Leaving the farmers in utter despair, millers and traders are hoarding a large quantity of Aman paddy after buying the crop at lower prices, capitalising on the government’s slow pace of paddy procurement from the farmers. Farmers have vented frustration as the government has so far procured only 35,000 tonnes …

The Bangladesh Bank on Sunday eased procedures for cash incentive disbursement against exports of software and IT-enabled services. Software and ITES exporters would be able to receive cash incentive against exports of their products through international marketplaces without producing import information on TT message. Instead, five conditions need to be …

The month-long 26th Dhaka International Trade Fair (DITF) opened to visitors on its new premises at Bangabandhu Bangladesh-China Friendship Exhibition Centre in Purbachal yesterday showcasing goods from around the world. Prime Minister Sheikh Hasina virtually inaugurated the fair where some 227 companies from 11 countries, including India, Pakistan, Turkey, Thailand …

Banks clocked higher operating profit in 2021 mainly due to the Bangladesh Bank’s relaxed policy that allowed them to count income from unrealised instalments of loans. An analysis of operating profit of 22 banks showed all of the lenders except one posted higher profit in 2021 compared to a year …