Dhaka May 6, 2024, 4:10 am
The new measures announced for 2021 included immediate assistance through emergency food relief distribution for Covid-19 affected marginalised communities, health support, livelihood regeneration and long-term growth catalys
LIBOR is a benchmark interest rate at which major global banks lend to one another in the international inter-bank market for short-term loans
authorised dealer (AD) banks have been asked to retain at least 5.0 percent of the commitment-amount instead of collateral as per 'bank-customer' relationship in cash margin from local borrowers of the foreign currency loans
Tax should be linked to income. Having a bank balance should not necessarily mean income
Hackers stole $81 million from the account of Bangladesh Bank at the Federal Reserve Bank of New York using fraudulent orders on the SWIFT payments system
The number of direct beneficiaries of the packages is around 12.4 million (1.24 crore) people
Bangladesh has made remarkable progress in reducing poverty over the past two decades, said an ADB press release on Friday
Police have arrested two officials of Dhaka Bank Limited allegedly for embezzling Tk 3.77crore from the vault of the bank’s Bangshal branch in the capital
Under the new policy, all the scheduled banks have been asked to set up a special 'post import financing (PIF) Monitoring Unit' to oversee loan disbursement and recovery under PIF
Bidders particularly banks expressed their interest in the Sukuk bonds to invest their excess liquidity and received a better yield than in conventional treasury bills and bonds
The development lender, in its flagship publication 'Global Economic Prospects', also said Bangladesh's economic growth will be 5.1% in the fiscal year (FY) 2021-22, higher than the earlier growth forecast of 3.4%
They withdrew Tk 176 crore using these fake documents and by giving seven illegal bank guarantees without the approval of the office was embezzled too
The exporters will now enjoy the facilities until December 31 this year, according to a notification issued by Bangladesh Bank (BB) on Monday. The existing supports were scheduled to expire on June 30
The ADB's investment in railways was much higher than initially planned, but (it) did not represent a significant contribution to the economy, although it was a high priority for the government
The review recommends that climate change and environment should be the leading strategic priorities in the forthcoming five-year country partnership strategy for Bangladesh
Given the ongoing situation due to COVID-19, it has been decided to continue the policy support till December 31, 2021
Long-term loans are very crucial for industrial investment and it is very difficult to establish factories without long-term financial support
The Hong Kong-based journal awarded City Bank for the seventh time starting in 2012 in recognition of its consistent good performance and innovations in banking services
According to the budget proposal, an amendment will be made in this regard allowing transaction of over Tk50,000 through mobile banking services
This can help the borrower buy some time to adjust the repayment plan and also not default on their loans
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