Banking & Commodity

The BB also asked the banks to be flexible in taking collateral from leather industry entrepreneurs against their loans

The government’s decision to reduce duty on rice import could hurt Aman farmers during the harvesting time, said insiders.

The central bank has issued a policy allowing banks to export goods under open account credit terms instead of letters of credit (LCs) with foreign payment guarantees.

The Bangladesh Bank has received only two applications for the low-cost refinance loan in two months of the formation of Tk 25,000-crore funds to support implementation of the stimulus packages announced by the government.

The Bangladesh Bank is pressing the banks to complete the disbursement of Tk 20,000 crore in stimulus loans meant for the cottage, micro, small and medium entrepreneurs by August this year.

The Federation of Bangladesh Chambers of Commerce and Industry on Saturday urged the government to withdraw deposits of state-owned enterprises from banks which were not implementing the stimulus package announced to support businesses to fight the COVID-19 fallout.

The Bangladesh Bank has approved around Tk 3,000 crore in loan proposals of 140 entities, which were placed by different banks for approval under the government-announced package meant for the industries and service sectors affected by the coronavirus pandemic.

Seventy-five companies, including some large groups, have secured approval from the central bank to receive low-cost loans under the stimulus package dedicated to big borrowers in the industrial and service sector.

Bangladesh Bank (BB) has instructed banks and Non-bank Financial Institutions (NBFIs) to submit loan

The prices of rice, red lentil and onion went up on the city’s kitchen markets over the week ending on Friday.