TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
Rate last updated: 02/01/2014 11:15:04 AM
The Bangladesh Bank (BB) decided to allow individuals and private-sector companies to form ‘credit bureaus’ to assess loan eligibility and verify the repayment capacity of borrowers. These credit bureaus will work to determine credit standards by analysing borrower data before sharing it with banks, which will help financial institutions make informed decisions, said the central bank guidelines on the licencing, operating and regulating of credit bureaus. In time, credit bureaus will also help to reduce default rates and average interest rates, facilitated by increased credit information which will lead to increased quality of lending. The central bank said that a licensed credit bureau would be allowed to collect relevant information for permissible purposes only on the credit history relating to the commitment of the data subject, in order to determine their overall debt exposure, repayment behaviour and other contractual obligations.
A new clause has been incorporated in the proposed Finance Bill, suggesting that loans taken from public limited companies by its shareholders be treated as dividends and subject to taxation. Some directors of listed companies have been taking loans from their companies as a means to avoid taxation, often without distributing dividends, according to a senior official of the National Board of Revenue. Wishing anonymity, the official said shareholders do this because loans are not taxed, but dividends are. To combat tax evasion through this method, a new proposal has been introduced in the finance bill.
Source: https://www.tbsnews.net/nbr/shareholders-face-taxes-loans-taken-listed-companies-873231
Banks in Bangladesh will remain open from 10am to 6pm and the transaction hour will end at 4pm after the Eid holidays. The new office hours for bankers will come into effect on June 19. At present, banks remain open until 5pm from 10am where the transaction hour ends at 3.30pm. The office schedule of banks was 10am to 6pm previously, which was changed in 2022 in an effort of the government to save power and energy.
Source: https://www.thedailystar.net/business/news/new-office-hour-bankers-after-eid-3630756
Jiban Bima Corporation (JBC), the state-owned life insurance provider, and the United Commercial Bank Plc (UCB) signed a bancassurance agreement at a city hotel recently. The agreement was signed in presence of JBC’s Managing Director (Additional Secretary) Md Muhibuzzaman and Managing Director and CEO of UCB Arif Quadri. Secretary of the Financial Institutions Division Md. Abdur Rahman Khan was present as the chief guest. General Manager-Development of JBC Mohammad Abu Kauser Jalil and UCB’s Additional Managing Director ATM Tahmiduzzaman signed the agreement.
| Index Name | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| DJIA | $ 38,798.99 | ↓ 87.18 | ↓ 0.22 % |
| FTSE100 | $ 8,245.37 | ↓ 39.97 | ↓ 0.48 % |
| Nikkei 225 | $ 38,911.13 | ↑ 227.20 | ↑ 0.59 % |
| Commodity | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| Crude Oil (WTI) | $ 75.74 | ↑ 0.21 | ↑ 0.28 % |
| Crude Oil (Brent) | $ 79.85 | ↑ 0.23 | ↑ 0.29 % |
| Gold Spot | $ 2,294.45 | ↑ 0.67 | ↑ 0.03 % |
| Inter-Bank Exchange Rates | |||
|---|---|---|---|
| Currency | Lowest | Highest | Current WAR |
| USD | 117.6975 | 118.0000 | 117.9521 |
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