Banking & Commodity

In a bid to bring about discipline in the rescheduling of loans by non-bank financial institutions (NBFIs), Bangladesh Bank has announced that these institutions cannot reschedule one loan more than three times.

Commerce ministry has sought necessary measures to stop selling unpacked soybean oil in the market in order to save consumers from being cheated and also protect their interests.

Bangladesh Bank has decided to set up a Tk 3,000 crore refinance scheme for the agriculture sector to deal with the financial crisis caused by Covid-19 pandemic. 

Listed banks and non-bank financial institutions cannot comply with the stock market regulator’s orders on the capital market stabilisation fund and cash dividend payment as they are inconsistent with the Bank Company Act.

The sugar prices are still much higher on the retail market, even though the government fixed the maximum retail price (MRP) of the essential on Thursday to control the rocketing trend of the commodity.

The prices of edible oil, red lentil and eggs went up in the city’s kitchen markets while rice and sugar were being sold at high prices over the week ending on Friday.

The Bangladesh Bank has asked 11 banks, which have suffered capital shortfalls in the first half of 2021, to submit their respective plans for mitigating their capital shortfalls.

Deposits at banks saw remarkable growth last fiscal year as the coronavirus-linked uncertainty compelled people to cut non-essential expenses and save more, while lending growth shrank slightly due to business slowdown.

Structural reforms are needed to ensure quick and easy loan disbursements for the cottage and micro industry and small and medium enterprises (SME), according to speakers at a webinar yesterday.

Pubali Bank has announced the closing of a US$ 52 million syndicated loan facility, which was arranged by Bank Muscat (Sultanate of Oman) as the sole mandated lead arranger and book-runner.