Banking & Commodity

A total of 25 million (2.50 crore) families are being benefitted from the Trading Corporation of Bangladesh’s (TCB) open market sale (OMS) programme, according to the Ministry of Commerce (MoC).

A pandemic forcing everyone to stay home could be the perfect moment for online grocery services. In practice, they have been struggling to keep up with mounting orders, highlighting their limited ability to respond to an unprecedented onslaught of demand. By Muhammad Zahidul Islam.

Bangladesh Bank (BB) today instructed all banks to give agriculture loan at 4 percent interest rate aimed to boost crop production to overcome the possible COVID-19 impact.

Bangladesh Bank (BB) has created a Taka 10,000 crore revolving refinance scheme to provide working capital for the cottage, micro, small and medium enterprises (CMSME) sector to overcome the negative impacts due to COVID-19 pandemic.

Only export-oriented industries can apply for loans to pay wages of their employees for April, May, and June, according to guidelines of the fund

The Bangladesh Bank on Monday launched a Tk 3,000 crore revolving refinance scheme for low-income group people, farmers and marginal or small businesses, specifying that loans from the scheme would be disbursed through the microcredit entities, also known as non-governmental organisations.

Underlining the importance of overhauling the banking sector, the International Monetary Fund, or IMF, has said only a sound financial system can speed up an economic rebound as Bangladesh battles the coronavirus pandemic.

Asian Infrastructure Investment Bank (AIIB) has approved US$170 million loan to support government’s efforts in developing Dhaka’s sanitation system as about 1.5 million residents are expected to be benefited from this improved sanitation.

Vegetable farmers have been incurring big losses for weeks due to supply chain disruptions and a poor demand following the countrywide lockdown.

The Bangladesh Bank on Sunday increased the banks’ advance-deposit ratio with a view to enhance their lending capacity and facilitating implementation of the government announced stimulus packages. In a circular issued on the day, the BB increased the ADR to 87 per cent for conventional banks and the investment to …