Banking & Commodity

Bangladesh Bank yesterday asked banks to prioritise new clients while giving out loans from the stimulus package dedicated to the large service and industrial units.

Bangladesh Bank has decided to keep banks closed on August 1 and August 4 as Covid-19 infections have increased.

Bangladesh Bank yesterday directed the country’s lenders to increase monitoring on how loans from the stimulus packages were being used as it found some cheap funds being channelled into unproductive sectors.

Bangladesh Bank yesterday sent show-cause letters to three non-bank financial institutions (NBFIs) over their aggressive attitude in mobilising deposits, which was a breach of rules.

Customers suspect a strong syndicate that is manipulating prices to make a quick profit at their expense

People will be able to do banking activities from 10am to 1:30pm from tomorrow after a five-day shutdown.

The Bangladesh Bank on Tuesday asked all the banks to ensure that appropriate safeguards were in place for export trade along with the restrictions on establishing transactions with shell banks.

Despite a bumper yield of Boro paddy in the just concluded season, rice prices are going up, putting increasing pressure on low-income people, many of whom are suffering from income losses for the lockdown and pandemic-induced slowdown of economic activities.

Bangladesh Bank (BB) has asked scheduled banks to set up booths in the cattle markets ahead of Eid-ul-Azha to detect fake or forged notes considering the huge cash transaction.

Bangladesh Bank (BB) today offered a special loan facility for the cottage, micro, and Small and Medium Enterprises (CMSMEs) sector affected by Novel Coronavirus (COVID-19) pandemic.