Banking & Commodity

Saiful Islam, a farmer from Kumargacha Village in Pabna’s Chatmohor Upazila, is aroused by the high price of jute amidst the doom and gloom of the coronavirus crisis.

The BB extended policy support till March 31 to cope with current circumstances

The latest spell of flood has inundated nearly 100,000 hectares of Aman crop, raising worries among agriculturists that a large portion of the plantings will be damaged.

The ongoing crisis and growing demand for onion is likely to bring a boon for farmers, ultimately encouraging them to produce a plenty of the essential cooking ingredient in the country.

Green chilli prices heat up volatile kitchen market Prices of rice and other essential ingredients remained high across the capital over the week, but onion prices slightly reduced due to government initiatives. 

Seven out of the country’s eight state-owned banks are yet to disburse any loan to the low-income group of people, farmers and marginal or small businesses from the Bangladesh Bank-formed Tk 3,000 crore in revolving refinance scheme in five months of its launch.

Jatiya Sangsad Speaker Dr Shirin Sharmin Chaudhury, MP, on Saturday said the ‘Bangabandhu Youth Loan’ of Karmasangsthan Bank is an effective step to create opportunities of youths and enhance their capabilities for their development.

The central bank yesterday capped the interest rate on credit card loans at 20 per cent in a relief for clients as they would get rid of the burden of higher interest amid the pandemic.

The central bank lowered the rate with a view to align the REPO rate for stocks with the BB’s   REPO rate in its monetary policy statement for the current fiscal year

The Bangladesh Bank on Sunday extended the deadline for disbursement of Tk 5,000 crore in refinance loans meant for the agriculture sector by three months amid slow progress in disbursement.