Banking & Commodity

Janata Bank, One Bank, Union Bank, Bangladesh Commerce Bank, Modhumoti Bank and Shimanto Bank were yet to disburse a single penny till August

Most of the banks are keeping their ATM (automated teller machine) Booth operation suspended for 6-8 hours at night following an alert issued by Bangladesh Bank on possible cyber hacking attempt by foreign hackers.

The central bank is likely to extend the ongoing moratorium on the payment of loan instalments by another three months to December as borrowers are still struggling to make a comeback from the coronavirus pandemic.

The Bangladesh Bank on Sunday raised the interbank daily online transaction limit, including a five-fold increase in the limit for institutional users, amid a growing use of internet-based transactions in recent times after the outbreak of the coronavirus.

Earlier, in May 2020, the Bangladesh Bank imposed certain conditions on bank dividend declarations to keep the liquidity flow and capital base of banks strong in the wake of the deadly Covid-19 outbreak

The outstanding and classified loans of state-owned enterprises (SoEs) to the public sector banks declined slightly in July compared to June, officials have said.

Maize imports rose by 54 per cent last fiscal year in the wake of crop losses for heavy rainfall and flood during the peak harvesting and drying periods of the summer crop, according to feed millers and import data.

Banks and NBFIs can now disburse 80% of their overall loans to the manufacturing and service sub-sectors

The majority of the country’s large business firms are facing problems in filing value-added tax returns online due to limitations of the VAT Online System of the National Board of Revenue.

Bangladesh Bank will investigate financial transactions and other activities of e-commerce platform Evaly.