Banks to follow simple interest calculation from next FY As per the Finance Minister A H M Mustafa Kamal, the Government would encourage banks to offer simple interest loans instead of compound interest ones from the next financial year (FY). As per the Minister, simple interest calculation will be applicable
Read MoreDigital and Mobile Financial services facilitate Financial Inclusion Having access to financial services helps drive economic development. People can escape poverty through financial services that will help them to invest properly in their health, education, and businesses. Financial services are also important for people who need to work through emergencies,
Read MoreTotal tenure of existing closed-end MFs won’t be more than 20 yrs The stockmarket regulator has issued a directive scrapping its previous directive regarding conversion or liquidation of closed-end mutual funds on completion of tenure of ten years. According to BSEC directive, total tenure, including another term of ten years,
Read MoreECNEC okays Tk 7.22b Nakshipalli project to enhance Facilities The Executive Committee of National Economic Council (ECNEC) approved on Tuesday a project titled ‘Sheikh Hasina Nakshipalli, Jamalpur (1st phase)’ involving Tk 7.22 billion, aiming to enhance facilities for Nakshi entrepreneurs, handloom and handicraft workers. The approval came at the weekly
Read MoreBB finalises Gold Dealer Guideline The central bank has finalised a guideline for appointing authorised gold dealers (AGDs), who will be eligible to import gold bars directly. Under the guideline, authorised dealer (AD) banks or individually-owned firms, or joint ventures or limited companies will be eligible to apply to the
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