The country’s ICT companies are currently exporting products and services worth $750-800 million to around 35 countries. This is the range of figures that is often quoted to glorify our booming ICT sector. Where these figures came from? ICT products are not exported against LCs (Letter of Credit). Then what
Author: Kazi Taznin Nahar
Default loans jump 8.8pc in Q1
BB order on promotions in banks raises eyebrows
The central bank’s directive on getting banking diploma for promotions to the senior levels in banks raised many eyebrows as the institution providing the degrees is reportedly plagued with irregularities and corruption. The Bangladesh Bank (BB) on Wednesday made it mandatory for bank officials to obtain a banking diploma to be
Islami Bank violates Shariah rules to borrow from BB
The Islami Bank Bangladesh Ltd. (IBBL) has borrowed Tk 8,000 crore from Bangladesh Bank (BB) violating the Shariah rules to tackle liquidity crisis. BB sources said the IBBL has been suffering from liquidity crisis for quite few months after dubious lending to some ghost companies with fake addresses. The bank also failed