Bangladesh's banking sector began to deteriorate in 2010 when the government introduced a single-digit 9 percent interest rate for lending, according to a White Paper. Titled "White Paper on the State of the Bangladesh Economy", the report was unveiled at a press conference on Monday. As of last June, the total assets
Tag: Banking sector
Banking sector flush with excess liquidity
The banking sector in Bangladesh, once facing a liquidity crisis, is now seeing a surplus, holding Tk 1.90 lakh crore in excess liquidity, according to the Bangladesh Bank (BB). This shift is being attributed to a rise in depositor confidence following the recent political changes in the country. Despite the renewed trust,
FBCCI urges BB to restore discipline in banking sector
The leaders of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Tuesday urged the central bank Governor to take effective steps for restoring discipline in the banking sector, curbing inflation and boosting inward remittance and foreign currency reserve. The FBCCI delegation, headed by its President Mahbubul Alam, made the
Banking sector completely destroyed in 15 yrs: Manna
The country's banking sector has been completely destroyed by the government in the last 15 years, Nagorik Oikya President Mahmudur Rahman Manna said Saturday. "The government has handed over control of the banks to its oligarchic business groups. Meanwhile, the rise in dollar price by Tk7 will increase the price of
NSU holds talk on Lawyers in Banking Sector
North South University's Department of Law organised a talk on 'Lawyers in the Banking Sector' at the Moot Court Room of the NSU, on Wednesday 18 October. The chief guest and keynote speaker of the event was Barrister Shafayat Ullah, senior executive vice president and divisional head of the Group Legal
Banks have enough money, reserve is strong: PM
20 banks hold 75pc of default loans
ICB gets “Crest & Tax Card” in Non-Banking sector
Investment Corporation of Bangladesh (ICB) has been awarded as one of the top taxpayer in non-banking sector for the fiscal year 2020-21, said a press release. Mr. Abu Hena Md. Rahmatul Muneem, Chairman, National Board of Revenue handed over the crest and tax card to Mr. Md. Abul Hossain, Managing Director
Banks sit on excess liquidity worth Tk 250,000 crore
Experts blame Covid-19 for poor investment The country’s commercial banks are holding together a total of Tk 250,000 crore in excess liquidity until end of March this year amid a prolonged Covid-19 pandemic, sources at the Bangladesh Bank said. BB officials said since the pandemic hit Bangladesh last March, trade and commerce
Capital market to continue operations during lockdown
The capital market will continue operations in the interest of investors in any situation during the Covid-19 pandemic if banking activities continue. The Bangladesh Securities and Exchange Commission (BSEC) made this disclosure against the backdrop of the government’s preparation for imposing a full lockdown from April 14 next. A notice posted on