Banking & Commodity

Defaulted loans in the country’s banking sector surged by Tk 6,802 crore in January-March this year due to a heavy increase in such loans in private commercial banks even after the issuance of repayment exemption to borrowers for 2020.

Cost of living in Dhaka increased by 6.88 per cent, the highest in the last three years, in 2020 amid the adverse impact of Covid-19 pandemic, according to the annual report of the Consumers Association of Bangladesh.

The weighted average lending rate of 18 banks dropped below 7% in April

The central bank yesterday drew up a detailed guideline on post-import financing (PIF) to end the misuse of loans extended to pay for imported goods and bring discipline in the foreign exchange regime in the banking industry.

Bangladesh Bank (BB) has relaxed foreign exchange regulations to facilitate trade transactions in the wake of the coronavirus pandemic.

Eleven banks faced a capital shortfall of Tk 24,783 crore in the first quarter of 2021, which highlighted the fragile health of the lenders.

In July-April of FY21, the National Savings Directorate sold certificates worth Tk91,877.02 crore against its principal payments of Tk57,148.38 crore

The prices of rice and soya bean oil increased on the kitchen markets in the capital Dhaka on Friday, a day after the announcement of the proposed national budget for the financial year 2021-22.

The price of local variety of onions witnessed a sharp rise on the kitchen markets in the capital Dhaka in the last two days and it reached Tk 60 a kilogram on Wednesday.

The Commerce Ministry claims that it has approved the price hike after reviewing the international edible oil market price