Banking & Commodity

For the first year, the charge will be 1% of the loans that would be guaranteed by the central bank

The government should provide credit guarantee to banks for sharing the risk of disbursing loans to all cottage, micro, small and medium enterprises (CMSMEs) under the stimulus package, said a senior banker on Saturday evening.

Back in March, when the country was gripped by the fear of the novel coronavirus, people were streaming to banks to take out money from their accounts, in what was viewed as a puzzling occurrence.

The Bangladesh Bank board has refrained from making any final decision on the government’s proposal to get loans from the BB’s foreign currency reserve for development projects.

Bangladesh Bank (BB) has raised the agriculture and rural loan disbursement target by 8.99 percent to Taka 26,292 crore for the current 2020-21 financial year (FY21).

Bangladesh Bank has given the relaxation considering the current situation due to the Covid-19 pandemic

Those which remain unpaid for a period of 30 months or beyond will now be treated as bad or loss

A human rights group has sought permission to challenge a High Court ruling on the banking sector for not ordering the government to form an inquiry commission to find out irregularities and weaknesses in the sector.

The Bangladesh Bank injected another Tk 2,290 crore in the country’s banking sector in 19 days of July through purchasing US dollars as the banks were flooded with greenbacks.

The amount of defaulted loans in the country’s industrial sector increased by Tk 703.83 crore in January-March quarter  to reach Tk 45,831.12 crore as of March 30 this year even though the government relaxed policy to lower the figure on paper.