Only three banks and two Non-banking financial institutions (NBFIs) reached the loan disbursement target of the second phase incentive package in cottage, micro, small and medium enterprises (CMSME) sector in July-September. On the other hand, 54 banks & 3 non-bank financial institutions (NBFIs) have failed to reach their targets. They failed
Author: Jahangir Alom Ansary
Remittance inflow declining continuously
The inward remittance inflow has witnessed a consecutive downtrend in last three months. Last September, the expatriates sent nearly $1.73 billion as remittance to the country, the lowest in the last 15 months. The lowest-ever remittance inflow was recorded in May 2020 earlier with an inflow amounting to $1.50 billion Ahsan H Mansur,
Country’s exports, imports pushed down by pandemic
The country’s exports and imports fell significantly in the year 2020 because of the Covid-19 pandemic that swept across the world halting economic activities for months. Exports declined by 14.57 percent in calendar year 2020 and stood at US dollars 33.61 billion, down from USD 39.34 billion a year ago, according
IDRA warns 21 Insurance Cos for not giving info
The Insurance Development & Regulatory Authority (IDRA) has issued warning to 21 Life & Non Life Insurance Companies for not providing information despite several calls from the organization. IDRA sent a warning message to the 21 Insurance Companies on Thursday. Source said, IDRA has called for a coordination meeting with theManaging Director
IDRA initiates probe against Janata Insurance AMD
Insurance sector regulator, IDRA, has initiated a probe against a top official of the Janata Insurance Company Limited for allegedly giving false information to get approval of his appointment as its Managing Director, official sources said. The issue of using false information to get approval was brought to the notice of