Default loans drop by Tk13,740cr in Oct-Dec on relaxed policies Between October and December of last year, the banking sector saw default loans significantly decline by Tk13,740 crore thanks to a new loan rescheduling policy and relaxed repayment options offered by the central bank. According to the Bangladesh Bank, the
Read MorePost Office Savings Bank to go online in June The Post Office Savings Bank will not receive any manual deposits from its general account holders from next June. According to a statutory regulatory order issued by the Internal Resources Division in the past week, the bank will go for digital
Read MoreCredit card issuance grows at faster pace Credit card issuance by banks grew at a faster pace in 2022 compared to the year prior as there is a growing interest among people to avail the benefits offered by plastic money, such as interest free loans for up to one-and-a-half months.
Read MoreGovt forms body to run universal pension scheme The government has formed a National Pension Authority to administer universal pension scheme which aims to support country’s growing elderly population by providing annuity. The ministry of finance published Sunday a notification stating that the authority has been formed under the section
Read MorePrivate sector’s foreign debt down by over $1b The private sector’s foreign debt decreased by 4.3 per cent, or more than $1 billion, in the second quarter of the current fiscal year following Bangladesh Bank’s strict measures to control imports. By the end of December 2022, the country’s total private
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