BB loses Tk 55cr in forex deals with Islami Bank
The Bangladesh Bank has incurred a loss of Tk 55 crore from its foreign exchange deal with Islami Bank centring the introduction of the crawling peg exchange rate system.
6d ago
Cash crunch intensifies as ATMs run dry
People’s sufferings due to cash shortages have intensified as most ATM booths started running dry nearly a week ago in Bangladesh.
6d ago
ATMs out of cash as money supply disrupted
Nasir Hossain, a resident of the capital’s Dhanmondi area, had to urgently buy daily necessities as he had not gone to the market for the past few days in the wake of the deadly protests that forced Sheikh Hasina to resign from her post as prime minister.
1w ago
Absence of security affects banking services
Although banks reopened yesterday, a day after prime minister Sheikh Hasina handed in her resignation, overall activities including financial transactions were affected due to security concerns among lenders and clients.
1w ago
Life cannot go on like this
“Brother, please take at least four bananas. If not, my family will have to go without food. They are already starving,” said Shukkur Ali while pleading with this reporter to make a purchase.
1w ago
Politically-motivated lending causing bad loans to spiral: WB
The amount of bad loans has been spiralling in Bangladesh owing to rampant politically-motivated lending and inadequate credit risk management, according to a World Bank report.
2w ago
Foreign debt servicing surges 25.73% in FY24
Total foreign debt servicing, including repayment of the principal amount as well as interest, rose to $3.35 billion in financial year 2023-24 from $2.67 billion in 2022-23.
2w ago
Govt may miss IMF’s revenue collection target
Bangladesh is unlikely to fulfil the revenue collection target set by the International Monetary Fund (IMF) as part of its conditions for the fourth tranche of a $4.7 billion loan programme.
2w ago
August 11, 2024
Cash crunch intensifies as ATMs run dry
People’s sufferings due to cash shortages have intensified as most ATM booths started running dry nearly a week ago in Bangladesh.
August 11, 2024
BB loses Tk 55cr in forex deals with Islami Bank
The Bangladesh Bank has incurred a loss of Tk 55 crore from its foreign exchange deal with Islami Bank centring the introduction of the crawling peg exchange rate system.
August 8, 2024
ATMs out of cash as money supply disrupted
Nasir Hossain, a resident of the capital’s Dhanmondi area, had to urgently buy daily necessities as he had not gone to the market for the past few days in the wake of the deadly protests that forced Sheikh Hasina to resign from her post as prime minister.
August 7, 2024
Absence of security affects banking services
Although banks reopened yesterday, a day after prime minister Sheikh Hasina handed in her resignation, overall activities including financial transactions were affected due to security concerns among lenders and clients.
August 6, 2024
Life cannot go on like this
“Brother, please take at least four bananas. If not, my family will have to go without food. They are already starving,” said Shukkur Ali while pleading with this reporter to make a purchase.
July 30, 2024
Politically-motivated lending causing bad loans to spiral: WB
The amount of bad loans has been spiralling in Bangladesh owing to rampant politically-motivated lending and inadequate credit risk management, according to a World Bank report.
July 28, 2024
Foreign debt servicing surges 25.73% in FY24
Total foreign debt servicing, including repayment of the principal amount as well as interest, rose to $3.35 billion in financial year 2023-24 from $2.67 billion in 2022-23.
July 28, 2024
Govt may miss IMF’s revenue collection target
Bangladesh is unlikely to fulfil the revenue collection target set by the International Monetary Fund (IMF) as part of its conditions for the fourth tranche of a $4.7 billion loan programme.
July 27, 2024
Is Islamic finance facing headwinds?
Rabiul Islam, a practising Muslim who works at a private organisation, refrained from conventional banking services for many years as both paying and receiving interest are against his religious principles.
July 11, 2024
Losses of state enterprises may rise fivefold in FY25
The overall losses of state-owned enterprises in Bangladesh may rise by nearly five times in the current fiscal year compared to the previous year, according to a projection by the government.
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