Banking & Commodity

In the fourth quarter of 2020, a number of banks were able to decrease their shortfall thanks to the central bank’s relaxed rules that allowed lenders to stagger their provisioning

Loan disbursement through the banks’ agent banking wings increased by 525.07 per cent or Tk 770.8 crore year-on-year in the OctoberDecember period of 2020 as the system became a much more cost-efficient way of availing banking services compared with branch-based banking.

‘The bank is harassing me commercially and socially by imposing the liability on me’

Bangladesh Bank (BB) has issued a policy with imposing some conditions for banks to be followed in giving profit to the investors of depending on the capital saving rate.

Loans to the vulnerable sectors in Bangladesh such as garment, textile, cement and tanneries will face significant pressure as they are yet to see expected recovery from the shock of the coronavirus pandemic, Moody’s said.

Bangladesh Bank (BB) is pursuing banks to meet the agricultural credit disbursement target by end of the current fiscal year to help boost crop production.

Probashi Kallyan Bank (PKB) is set to provide loans to general clients by this month with a view to expanding its service as a scheduled bank.

Soybean oil price hits all-time high at the retail level

Various attempts of the government failed to restrain the blistering sales of savings certificates as the half-yearly sales of savings instruments already exceeded the yearly target by a large margin.

The implementation of a Tk 5,000-crore special refinance scheme for the country’s agricultural sector has reached 67 per cent in eight and a half months of its launch.