Banking & Commodity

The Bangladesh Bank decided to establish a research cell to examine the efficiency of the country’s anti-money laundering mechanisms and measures to recover illegal funds under the direction of the Bangladesh Financial Intelligence Unit (BFIU). Sources claim that the central bank’s governor has already given his approval. According to the …

Bangladesh Bank has instructed the non-banking financial institutions (NBFIs) that the institutions cannot change any of their vehicles before eight years. Earlier, as per a 2015 directive, there was an opportunity to change vehicles after every five years. In line with the government’s decision to reduce operational and development expenditure …

The skyrocketing price of rice in the country after a surplus harvest in Aman season worries people, particularly the low and fixed-income groups. All varieties of rice are selling at much higher prices than that of the same period of the last month and last year, market analysts said. Higher …

Food Minister Sadhan Chandra Majumder on Tuesday urged the farmers to increase the cultivation of zinc-enriched paddy for eliminating malnutrition in the country. It is possible to meet the zinc deficiency of people in the country through cultivating biofortified zinc rice, the minister said at the “Biofortified Zinc Rice Award …

Farmers in Pabna, the biggest onion producing region in Bangladesh, have started harvesting a quick growing variety of the bulb called Kondo, but are being left disappointed by the poor prices currently on offer in local markets. The availability of leftover stock, including imports, from last year has reduced the …

Bangladesh Bank (BB) has taken a decision to form a fund, titled Bangladesh Bank Agricultural Development Common Fund (BBADCF), for increasing farm production. Under the initiative, banks would deposit money equivalent to the un-disbursed amount of farm and rural loans in the fund and the BB would give 2 per …

The Bangladesh Bank on Monday asked the scheduled banks to bring down their capital market investments to permitted limits by December 31, 2023. The department of off-site supervision of the central bank issued a circular in this regard on the day. As per the Bank Companies Act, the scheduled banks …

Bangladesh Bank has extended the period meant for banks to make adjustments to their overexposure in the stock market in a bid to give relief amid existing bearish trends. The central bank issued a circular in this regard yesterday. The Banking Companies Act 1991, which was amended in 2013, has …

The growth in advances in the form of term loans for industries have slowed down as businesses took a slow approach amidst the ongoing economic uncertainty while banks became conservative owing to a reduction in excess liquidity. As of September of this year, banks’ advances to industries in the form …

The Bangladesh Bank yesterday relaxed its already flexible loan repayment policy, saying the real income of borrowers has fallen due to the severe impacts of the prolonged Russia-Ukraine war. Now, borrowers will be allowed to avoid being classified as a defaulter if they clear 50 per cent of their instalments …