Banking & Commodity

On the occasion of holy Eid-ul-Fitr, Bangladesh Bank (BB) will start releasing new notes in the market through banks from 31 March. Common people can exchange new notes till 9 April except on weekends and public holidays. According to the central bank, from 31 March, new notes will be exchanged …

The excess liquidity in the country’s banking sector saw a decrease, falling by 5.38 per cent to Tk 1.54 lakh crore at the end of January compared to December 2023, according to Bangladesh Bank data. This decline follows a pattern of fluctuations, with the volume of excess liquidity at Tk …

The government has decided to buy 8,000 tonnes of lentil at Tk 76.64 crore and 10,000 tonnes of sugar at Tk 160 crore for the Trading Corporation of Bangladesh. The lentil will be purchased from Agrigo Trading Pvt Ltd of Chennai in India at a rate of Tk 100.8 a …

Shrimps, popularly referred to as “white gold” due to being one of Bangladesh’s most valuable export items, may face significant pressure from competitor nations after the country graduates from Least Developed Country (LDC) status in 2026. After graduating to a developing country, the nation will be required to remove subsidies …

Exorbitant prices! Unbearable!! These are among the words that have dominated public discussions in Bangladesh in the past two years. And the discontent of a majority of the population is growing since they are not getting any relief from higher inflation. Inflation, in general, has stayed at an elevated level …

The profitability of the banking sector in Bangladesh is the lowest in South Asia due to the prevalence of higher non-performing loans, lower efficiency, and an elevated level of costs of funds. The return on assets (ROA), also known as profitability, was 0.52 percent in Bangladesh in 2022 and it …

Brac Bank has signed a participation agreement with Bangladesh Bank to avail Credit Guarantee facility to support women and agro-based product processing entrepreneurs. This facility will support women entrepreneurs in small enterprises, and the agro-processing industry under Bangladesh’s refinance scheme. Selim RF Hussain, managing director & CEO, Brac Bank, and …

The prices of onions have seen a significant decline in different regions of the country in the last two days, attributed to a sharp increase in the arrival of this essential cooking item in the market. Some dishonest traders have built stocks of onions to make extra profit during the …

Despite their tireless efforts to ensure food securities for the nation, farmers themselves are among the most vulnerable to food insecurity – struggling to put enough food on their own tables. The latest report by the Bangladesh Bureau of Statistics (BBS) titled “Food Security Statistics 2023” reveals that 26.13% of …

Bangladesh Bank (BB) today directed banks to refrain from imposing any fine or interest on the supervision charge collected by them to bear their administrative costs of loans. The central bank issued a guideline so that all banks follow the same method in collecting supervision charges on consumer loans and …