Banking & Commodity

Banks started providing services to their customers on a limited scale for four hours from Sunday, May 16, 2021, as the holidays for Eid-ul-Fitr, the biggest festivals of the Muslims, ended on the day.

Banks cannot appoint their former managing directors as independent directors at their respective board as per the provisions of the Banking Companies Act 1991, Bangladesh Bank (BB) said today.

Summer has arrived and so have mangoes. Fruit markets in Dhaka have received the first batch of mangoes, mostly some indigenous varieties, this summer. However, most consumers are unhappy about the high prices of the newly arrived mangoes.

The government’s borrowing from the banking sector dropped by Tk 13,627 crore in the July-April period of the current fiscal year 2020-21 amid heavy sales of national savings certificates and low spending on the implementation of the annual development programme amid the COVID outbreak.

With Eid less than a week away, smiles have returned to the face of retailers after sales picked up as customers thronged shopping centres, defying the risk of contracting the deadly coronavirus.

The prices of chicken, edible oil and suger went up in kitchen markets in the capital over the week ending on Friday.

The Bangladesh Bank on Wednesday extended the banking transaction period to four hours for the extended period of movement restrictions ahead of Eid-ul-Fitr, the biggest festivals of Muslims.

The government has allowed edible oil refiners to increase the price of soya bean oil by Tk 2 a litre against the refiners’ decision to increase the price by Tk 5 a litre.

Small and medium enterprises (SMEs) can apply for loans under the government’s incentive package to offset the coronavirus losses from Sunday.

Bangladesh Bank (BB) today allowed members of the e-Commerce Association of Bangladesh (e-CAB) to remit abroad US$10,000 in a year each to meet their legitimate current expenses.