Banking & Commodity

Thousands of crore of taka were looted from these banks in the name of loans over the last several years

Based on forged documents, Sonali’s Ruposhi Bangla Hotel branch lent the Hallmark Group and five other associate companies Tk3,547 crore between 2010 and 2012

Bangladesh Bank (BB) has relaxed its rules of foreign exchange release for holding official meetings of government and corporate sectors through webinar solution services considering the situation created due to COVID-19 pandemic.

The wholesalers and retailers said decreased production and supply crunch due to the flood led to the price hike The prices of different essentials including vegetables jumped sharply in the capital as supply chains have been disrupted due to heavy rain and recent flood across the country.

The roaster-based provision was issued in March with a view to facilitating banking transactions and services during the nationwide shutdown amid the outbreak of the coronavirus

Only a small number of banks have so far disbursed agri loans

The prime index of the Dhaka Stock Exchange (DSE) crossed the 4,500-mark on Sunday, after more than five months amid soaring turnover, as enthusiastic investors put fresh stakes on stocks.

The central bank has asked scheduled banks to introduce deposit accounts for non-resident Bangladeshis (NRBs) to encourage these people, who are working aboard, in saving their hard-earned money in Bangladesh.

The Bangladesh Bank on Sunday relaxed the loan restructuring policy for non-bank financial institutions with a view to save the borrowers who were suffering from the coronavirus fallout.

Prices of vegetables went up on the kitchen markets in the capital over the week ending on Friday due to a supply shortage after Eid-ul-Azha, one of the largest religious festivals of the Muslims.