Banking & Commodity

Globally, about 1.7 billion adults remain unbanked.

Non-payment of monthly or quarterly instalments under the Bangladesh Bank-announced loan moratorium facility for customers against their bank loans would result in increased interest payments once the regulatory relaxation expires.

Only 8 per cent of the country’s employed workforce has so far benefitted from the government’s massive stimulus packages, said the Centre for Policy Dialogue yesterday, in a worrying finding as the coronavirus pandemic has wiped away millions of jobs in Bangladesh and caused incomes to collapse.

Cash recycling machine deployment up 42.9% amid pandemic

People’s reluctance to secure financial services in person amid the coronavirus pandemic and a lack of corporate governance have driven up the number of unprofitable branches of banks in Bangladesh.

The central bank extended the deadline as some Banks and non-bank financial institutions (NBFIs) failed to complete their disbursement within October

Industries Minister Nurul Majid Mahmud Humayun today said the government would continue to provide maximum policy support for the development of the SME sector.

The Bangladesh Bank has allowed foreign investors to open Temporary Non-Resident Taka Account with local authorised dealers (AD)-designated banks and also with offshore banking units (OBUs) of local banks.

While malnutrition remains a major hurdle, milk that contains powerful nutrient values are less consumed, produced in low volume and often wasted for dearth of a fitting processing and distribution system in the country, official data says.

Bangladesh must set development priorities, identify the types of external funds it needs and use them effectively amid growing per capita debt in order to take the economy on the path to recovery in the post-pandemic period, economists said yesterday.