Volume of NPL up 24pc in Q3 The volume of classified loans in the country’s banking sector rose further to hit an all-time high at Tk 1.16 trillion (1.16 lakh crore) at the end of the third quarter of current calendar year despite close monitoring of the central bank. The
Read MoreADB to help fight bad loans Asian Development Bank is poised to provide financial support to the government to form a public asset management company (PAMC) with a view to arresting the upward trend of defaulted loans. A PAMC purchases non-performing loans (NPLs) from banks and sells them off to
Read MoreBangladesh needs to diversify Export Basket Bangladesh needs to diversify its export basket and comply with the rules of the World Trade Organisation (WTO) to overcome challenges that would emerge after the country’s graduation from the group of Least Developed Countries (LDCs), experts said on Sunday. They also called for
Read MoreForeign Debt Payment shoots up in Q1 The country’s external debt payment reached a new high of nearly $500 million in the first quarter (Q1) of this fiscal year. The quarterly debt-servicing data released by the finance division showed the repayment rose by over 24 per cent to US$ 495.2
Read MoreTax Fair brings NBR Tk 2,613cr The weeklong tax fair ended yesterday amid huge participation of taxpayers, enabling the National Board of Revenue (NBR) to log in a record Tk 2,613 crore in taxes. The receipt was 6 percent higher than a year earlier, said the NBR in a press
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