Farmers Bank continues to worry BB Bangladesh Bank has asked Farmers Bank to explain why it continues to disburse fresh loans despite having a bar on lending since January. Earlier in January, the central bank slapped some restrictions on fresh loan disbursement and opening of new branches, with a view
Read MoreBanks lack remedial strategy while NPL rises worryingly Some of Bangladesh’s banks don’t have ‘in-depth’ look into the problem of spiraling non-performing loans (NPL) while many others try to frame remedial strategies perfunctorily. Such observations came out from studies on banking as well as financial sector at large as the
Read MoreBank accounts for street children – a noble initiative that fell by the wayside Bangladesh Bank’s initiative to join hands with non-government organisations to allow street children and child workers open bank accounts with Tk10 minimum initial deposit has fallen by the wayside. Stakeholders have blamed the failure mainly on
Read MoreRising NPL in SME sector Almost everyone wanted the banks to make available more loans to the small and medium enterprises (SMEs) that are seen as key drivers of the country’s economy. But the current state of loan situation involving banks and SMEs is quite confusing. Some banks have beefed
Read MoreMFS accounts can’t have more than BDT 300,000 from 2018 Mobile financial services (MFS) customers can have at most BDT 300,000 in balance in their accounts from 2018 — a development that is set to come as a blow for the users of the platform. Previously, there was no limit
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