Bad loans jump to BDT 541.7 billion in 9 months Bad loans, the worst types of defaulted loans, in the country’s banking sector increased by 24.57% to BDT 541.7 billion in the first nine months of this year because of the scheduled banks’ failure in recovering classified loans amid a
Read MoreGovt sees reserves to increase to $38.7b by FY ’17 end The government has revised upward its projection of foreign-exchange reserves to US$38.7 billion, with an increase of $8.4 billion, for the current fiscal year. However, analysts have expressed their scepticism about the projection. This, they say, is unlikely to
Read MoreBangladesh Krishi Bank struggling as cash crunch affects LC, remittance services Bangladesh Krishi Bank was struggling to operate some of its services due to capital shortfall, officials said. They said the government owes the country’s largest specialized bank BDT 15.6 billion against interest subsidy and interest waiver, creating the capital
Read MoreBDT depreciates against USD The taka lost maximum seven cent in single-day depreciation against the US dollar on Bangladesh’s interbank foreign-exchange (forex) market Monday. Bankers said the local currency took such a tumble after more than nine months on the country’s money market. The USD was quoted at BDT 78.68-BDT
Read MoreBB Heist: Bangladesh to seek $50m compensation from RCBC Encouraged by the recovery of a fraction of the $81 million lost in a daring cyber heist earlier this year, a delegation of high-ranking Bangladeshi officials will meet with President Duterte today to press for the return of more missing funds
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