Bangladeshi entrepreneurs may be allowed to make equity investment aboard up to 25 per cent of their net annual income from exports, officials said. However, they will have to take prior permission from the government for the purpose, according to the draft 'Capital Account Transactions (Overseas Equity...
The central bank is going to introduce a facility under which Bangladeshi expatriates will be able to open deposit accounts in any banks in Bangladesh. The deposit scheme will be in the form of savings for a period of one year or above with monthly or quarterly deposit...
The central bank has asked scheduled banks to introduce deposit accounts for non-resident Bangladeshis (NRBs) to encourage these people, who are working aboard, in saving their hard-earned money in Bangladesh. Under the new policy, the accounts will be in the form of savings nature for a period...
Bangladesh Bank has relaxed its policy for the foreign owned and controlled companies, which are operating in the country, allowing banks and non-bank financial institutions (NBFIs) to issue credit to the entities in local currency against foreign guarantees. “Given the ongoing situation due to the Covid-19 pandemic,...
The Bangladesh Bank on Monday extended the application submission deadline for loan rescheduling on easy terms for the tannery owners by three months. The central bank on the day issued a circular in this regard, asking the country’s rawhide businesses to file applications with their respective banks...
The amount of defaulted loans in the country’s industrial sector increased by Tk 703.83 crore in January-March quarter to reach Tk 45,831.12 crore as of March 30 this year even though the government relaxed policy to lower the figure on paper. Experts said that the amount would...
The Asian Development Bank or ADB has reshuffled the current year's projects, pushed back a few and included some fresh programmes with the objective of offsetting the impact of the pandemic on life and livelihood in Bangladesh. The changes were made while preparing the country operation business...
The central bank has stopped publishing the figure of stressed assets in its annual financial stability report with a view to painting a rosy picture of the banking sector at a time when lenders are facing one of their worst crises in living memory. This may create...
Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat Ul Islam said today that a total of 13 banks have formed low-interest special fund to invest in the capital market to further revive it. “Progress is being made as the Bangladesh Bank has given the opportunity...
Muklesur Rahman, a top banker with plenty of knowledge and experience working at foreign and local banks, thinks the novel coronavirus pandemic will make the banking industry more dependent on technology. "Covid-19 has taught us many things," said the managing director and CEO of Shimanto Bank Limited....