BB unveils guideline on non-banking assets The Bangladesh Bank yesterday unveiled a guideline on non-banking assets to allow lenders to deal with the properties put up as collateral after borrowers default. When clients fail to pay back loans, banks can take over the assets through legal channels. These assets are
Read MoreSonali Paper recommends 40 per cent dividend Sonali Paper & Board Mills has recommended 20 per cent cash and 20 per cent stock dividend for the year ended on June 30, 2021. In a disclosure, the company said its dividends are recommended out of the distributable profit for that period.One
Read MoreBB-BSEC row reins in stocks’ growth spurts The stock market’s recent growth spurt slowed last week as the tension between the central bank and the stock market regulator over some policy issues has rattled investors. When the DSEX, the benchmark index of the Dhaka Stock Exchange, surged past 7,000 points
Read MoreTk 3,000cr new low-cost fund for farmers Bangladesh Bank yesterday unveiled a fresh Tk 3,000 crore refinance scheme to provide low-cost loans to farmers with a view to supporting farm production amid the coronavirus pandemic.The new fund comes after the tenure of the Tk 5,000 crore refinance scheme for the
Read MoreNBR against back-to-back LCs for firms without bonded warehouse. The National Board of Revenue has requested the Bangladesh Bank to order banks to refrain from opening back-to-back letters of credit for factories that do not have bonded warehouse licences.The move has stoked concerns of increased working capital cost among 500
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