Banking & Commodity

Potato sold for Tk 45-50 a kilogram on city markets on Monday as traders flouted the commodity price set by the Department of Agricultural Marketing.

The amount of deposits in the country’s non-bank financial institutions dropped by Tk 380 crore in the April-June quarter amid the outbreak of COVID-19.

The government’s bank borrowing plunged 90 per cent to Tk 3,033 crore in the first quarter of the fiscal year because of the slower development activities and lower than expected spending on subsidies and paddy and rice procurement.

Considering the growing demand among the general public on different products, including low fat milk, flavored milk, ice lolly, natural mehdi, dishwashing liquid, liquid toilet cleaner, nail polish, gold, cotton sari made in power loom, passenger car tires and rims and power transformer, Bangladesh Standards and Testing Institution (BSTI) has …

The weighted average call money rate in the country’s banking system has remained below 3 per cent for the last one-and-a-half months mainly due to the Bangladesh Bank’s expansionary monetary policy coupled with its measures to tackle the coronavirus outbreak, resulting in an excess cash flow in the banking system.

The financial interoperability system will allow clients to transfer their funds from their MFS accounts to another MFS, and also bank accounts

Bangladeshi banks need to adopt advanced cyber security systems in line with the regulatory guidelines amid concern that the infrastructures in the country’s banking sector dangerously lag behind, observed cyber security experts, banking sector officials, policymakers and lawyers here today.

People’s queue at open market sales trucks of the Trading Corporation of Bangladesh (TCB) is getting longer day by day for buying onion at subsidised rate in Chattogram though the stock of the kitchen staple in the port city is said to be satisfactory now after arrival of imported onions.

Seven state-run banks have not disbursed any fund from the central bank’s stimulus fund of Tk 3,000 crore for low-income professionals, marginal farmers and micro-enterprises.

SME Financing Company Limited, a subsidiary company of Rajshahi Krishi Unnayan Bank (RAKUB), has disbursed Small and Medium Enterprise (SME) loan worth Taka 87.46 crore among 8,493 SME entrepreneurs aims at promoting the sector in different potential areas of Rajshahi region till September last.