Cattle fatteners to get loans from Tk 5,000cr BB fund The Bangladesh Bank yesterday said cattle fatteners or beef producers would get loan from its Tk 5,000 crore refinance scheme formed for ensuring food security. The announcement comes at a time when cattle fattening for beef production has been growing
Read MoreRevenue collection up by 8.92pc during July-February period The revenue collection by the National Board of Revenue (NBR) during the July-February period of the current fiscal year (FY23) witnessed an 8.92 per cent growth from income tax, VAT and customs with a collection of Tk 1.96 trillion. The revenue collection
Read MoreBB to impose 4% penal interest on banks The central bank has decided to impose a 4 per cent penal interest on the banks’ unpaid amount of loans made from its Export Development Fund (EDF). In 2017, the Bangladesh Bank issued rules on the procedures and realisation of principal and
Read MoreDaily transaction of MFS crosses Tk 32b The average daily transaction of mobile financial service (MFS) has crossed Tk32 billion and its volume shows a growing trend, said the latest report of Bangladesh Bank (BB). Analysing the data of 13 MFS in the country the BB report said that MFS
Read MoreInterest rate target-based monetary policy from June The Bangladesh Bank has made a policy decision to introduce an interest rate target-based monetary policy partially in the next monetary policy to be announced in June as per the suggestion of the International Monetary Fund (IMF). With this interest rate target, the
Read More