Banking & Commodity

BB asked the bank not to allow Bulbul to get involved in regular banking activities if he had not been reappointed

Key contributors to the economy such as small and medium enterprises, farmers and lower-income professionals had gone through their worst-ever crisis because of the first wave of the coronavirus pandemic. The second wave has not spared them either. But the stimulus packages that were unveiled last year with a promise …

The NBFIs’ defaulted loans stood at Tk6,399 crore at the end of December 2019

The Trading Corporation of Bangladesh (TCB) has sought necessary support to carry out countrywide open market sales (OMS) of essential commodities through trucks during the ongoing lockdown and ahead of Ramadan, officials said.

Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubaiyat-Ul Islam today said that “Green Bond” would be launched in the capital market for ensuring sustainable development of the country.

Banks and other financial institutions (FIs) have been asked to prepare a business continuity plan (BCP) to deal with any crisis in the coming days.

Net sales of National Savings Certificate remained significantly high in the July-February period of the current fiscal year as the government’s borrowing using the tools exceeded Tk 9,311 crore from its target of Tk 20,000 crore for the fiscal year 2020-2021.

Similarly, online retail outlets dealing with essential groceries also reported a surge in orders ahead of the lockdown

The Bangladesh Bank will extend the timeline of the current stimulus package and increase the stimulus for small and medium enterprises to a total of Tk 60,000 crore by 2023 to ensure economic resilience, said BB deputy governor Abu Farah Md Naser.

The prices of vegetables and soya bean oil went up in the kitchen markets in the city over the week ending on Friday.