Banking & Commodity

The recovery from default loans has failed to keep pace with escalating delinquent assets in Bangladesh, hitting banks’ income and cash flow. Between January and September, banks retrieved Tk 4,195 crore from their non-performing loans, which was Tk 3,751 crore during the same period a year ago, data from the …

Stocks opened sharply higher on Wednesday as the central bank and the securities regulator have agreed to work jointly on bourse-boosting measures. A high-voltage meeting on Tuesday between two regulators on the capital market agreed for resolving any complex issues through discussion for ensuring sustainable development of the country’s capital …

The Bangladesh Bank (BB) authorities have formed a special committee to probe into the illegal financial transactions of unauthorised and unregistered financial institutions and as well as the microcredit financial institutions of the country. Kazi Sayedur Rahman, Deputy Governor of the Bangladesh Bank, has been made the Chairman of the …

Thirteen banks were holding more than half of the defaulted loans in the country’s banking sector as of September 2021 as the banks mostly failed to attain any significant progress in recovering loans from the defaulters. The banks were holding more than 10 per cent defaulted loans each against their …

The prices of daily essentials have kept going up in Dhaka and other parts of the country, hitting the pockets of consumers hard. It has caused an additional misery for the general public at a time when they have just returned to normal life on the back of receding coronavirus …

Spending through credit cards maintained an upward trend in September as people kept flocking to online sites in the tourism and hospitality sector as the coronavirus crisis continues to wane. Credit card transactions collectively stood at Tk 1,840 crore in September, up 10 per cent from a month earlier and …

The tale of the excess liquidity in Bangladesh’s banking sector does not paint the true picture as the majority of the additional fund is concentrated to a few lenders. The surplus fund totaled Tk 220,880 crore in October, surprisingly up from 0.6 per cent the month before at a time …

The wait for an interoperable digital transaction system is soon going to be over as the government is launching it early next year. This could be a potential game changer, boosting digital transactions by allowing people to move funds effortlessly within the financial sector in real-time and at lower costs. …

Bangladesh Bank has asked Sonali Bank to explain why the state lender should not face a penalty for its overexposure in the capital market. In a letter issued on November 15, the central bank ordered the lender to provide an explanation by today. The exposure stood at 26.6 per cent …

Edible oils are being traded at up to Tk 20 a litre above government-set prices of the commodities in the city markets. Traders were also charging higher than government-set prices for sugar. Retailers were blaming wholesalers while the wholesalers were holding refiners responsible for charging prices higher than commerce ministryapproved …