Banking & Commodity

The Bangladesh Bank on Sunday extended the bank transaction hours by half an hour till 3:00pm for the extended period of Covid restrictions.

The prices of rice, edible oil and onion went up in the city’s kitchen markets over the week ending on Friday.

If approved, it would be the fourth hike in less than six months of 2021

Previously, the central bank allowed opening foreign currency accounts in the names of local and joint venture contracting firms employed

Director General (DG) of Bangladesh Rice Research Institute (BRRI) Dr Md Shahjahan Kabir has stressed on consumption of bio-fortified zinc rice to free children, women and common people from malnutrition-related complicacies.

As the Bangladesh Bank rolled out an expansionary monetary policy for FY21, flooding the market with liquidity, banks had less demand for savers’ funds

Monthly average disbursement of farm loans remained behind the target in the July-March period of the fiscal year 2020-2021 despite a spike in March.

The Bangladesh Bank on Monday has granted permission to foreign investors, who are contemplating to invest in Bangladesh, to open temporary bank accounts online with a view to making pre-formation inward remittance convenient for the foreigners.

The ongoing limited banking hours from 10am to 2pm have been extended until May 23 for facilitating the financial transaction of their clients during the lockdown. “Banks will remain open from 10am to 3.30pm while transactions can be made between 10am to 2pm,” said a Bangladesh Bank (BB) circular issued …

No former contractual or permanent officials of a scheduled bank would be allowed to hold directorship in the bank, according to a Bangladesh Bank directive.