Banking & Commodity

The government has decided to cut the total import duty on rice in a bid to rein in prices of the staple in the local market.

Green chilies witnessed the most abnormal hike, from Tk100 per kilogram the week before, to Tk200-240 per kg

Bangladesh Bank yesterday decided to keep banks closed on August 8 to contain the latest wave of the coronavirus pandemic.

The central bank moves to mop up excess liquidity from the market as private credit squeeze for investment stagnation as against increased money supply bloated banking system.

Hoping to turn a handsome profit, Jasim Uddin took a Tk 50,000 loan from a local non-governmental organisation to grow pointed and bottle gourds on 40 decimals of land in Rahamatpur village in Jashore.

Bangladesh Bank has asked banks to send details of clients who got loans from the government’s stimulus package in order to ensure probe whether the low-cost funds went to productive sectors.

The net sales of savings certificates in FY21 was Tk37,386 crore, almost three times more than the previous 2019-20 fiscal

Bangladesh Bank (BB) has raised the agriculture and rural loan disbursement target by 7.98 percent to Taka 28,391 crore for the current fiscal year (FY22), said the central bank in a release on Thursday. The disbursement target for the immediate past fiscal year (FY20) was Taka 26,292 crore. “

Like the previous year, the Bangladesh Bank kept its private sector credit growth target unchanged at 14.8% — a target that economists think is too ambitious

Despite record excess liquidity in the banking system and depressed credit growth, the Bangladesh Bank yesterday said it would continue its expansionary monetary stance in the current fiscal year to help the economy ride out the slowdown.