Banking & Commodity

The CMSME and agriculture sectors saw their rescue funds arrive at an unhurried pace, while funds to the large industries and the export-oriented sectors were distributed briskly

The central bank appointed Howladar Yunus& Co., the representative of the American audit firm Grant Thornton in Bangladesh, to assess the NBFI’s actual assets and liabilities

The National Board of Revenue (NBR) has launched a vigorous investigation into accounts of two central bankers including a serving one along with three others as an enquiry was underway to unearth a massive financial scam, official said here today.

The farm credit disbursement grew by nearly 8.0 per cent in the first seven months of the current fiscal year (FY), 2020-21, as the demand for such loans is picking up gradually due to seasonal effects.

The government has decided to expand the size of a fresh stimulus package for small traders, entrepreneurs and farmers to Tk 10,000 crore as they were largely left out of credit support despite being hit hard by the coronavirus pandemic.

The government on Wednesday launched the disbursement of cash incentives to the fisheries and livestock sector farmers who had incurred financial losses due to the Covid-19 pandemic.

The Bangladesh Bank has formed a fact finding committee to investigate role of individuals, including its officials, in irregularities that took place in Bangladesh Industrial Finance Company Ltd.

The recommendation proposal should be submitted within February 24

The NBFI has one month to make the amendments The Bangladesh Bank has instructed Uttara Finance and Investments, a non-bank financial institution where it found huge irregularities, to amend its financial report for 2019 within the next month.

The Trading Corporation of Bangladesh has increased the price of soya bean oil by Tk 10 a litre against the backdrop of a price hike of the commodity in both the international and the local markets.