Dollar continues to get dearer The US dollar appreciated heavily against the taka over the last seven days despite the injection of $102 million into the market by the Bangladesh Bank during the period. The inter-bank exchange rate of the dollar shot up to Tk 81.70 yesterday from Tk 81.20
Read MoreFinance Minister seeks report on S Alam Finance minister has sought for a report on S Alam Group in wake of the takeover of Social Islami Bank Limited by the Chittagong-based group through, as he described, nasty steps to capture banks. The Finance Minister issued the directive on financial institutions
Read MoreNonperforming loans on the rise Nonperforming loans in the banking sector are on the rise this year on the back of increasing tendency of habitual defaulters to file writ petitions, which stall the loan recovery process. At the end of last year, the sector’s NPL ratio stood at 9.23 percent,
Read MoreAiling Farmers Bank gets BDT 960 million from Bangladesh Bank (BB) Cash-strapped Farmers Bank yesterday got a shot in the arm after the Bangladesh Bank agreed to provide short-term loan (repo) amounting to BDT 960 million by way of repo to meet its instant liquidity demands. On Monday, the bank
Read MoreAB Bank shares suddenly in demand despite losses in Q3 AB Bank’s shares were suddenly in demand yesterday although the private commercial lender incurred losses in the third quarter. The bank was the most traded shares on the Dhaka Stock Exchange yesterday with securities valued nearly Tk 86 crore changing
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