Private credit growth up for 7th straight month Private sector credit growth in Bangladesh accelerated to 10.68 per cent in December rising for the seventh consecutive month as the economy rebounds from the coronavirus pandemic. Analysts call the double-digit growth a good sign for the economy as the upward trend
Read MoreSMEF facilitates loans to 3,106 entrepreneurs. Some 3,106 entrepreneurs have so far received Tk 3.0 billion from the stimulus package from different banks and the financial insinuations through the intervention of the SME Foundation (SMEF).Of the total, the SMEF has accomplished disbursement of Tk 2.0 billion within the first six
Read MoreSocial media banking faces a setback The Bangladesh Bank plans to bar banks from providing financial services through social media platforms as it poses data security risk, a move that may nip the initiative aimed at popularizing digital banking in the bud.The central bank has already rejected applications from two
Read MoreEconomy showing signs of a turnaround. Although uncertainty prevails over the country’s economy with regard to both global and domestic contexts, Finance Minister AHM Mustafa Kamal yesterday portrayed a rosy picture of it in parliament. Presenting a report on the implementation progress of the national budget for 2021-22 in the
Read MoreGovt e-transfer to individuals nearly triples A new Bangladesh Bank platform has helped the government settle almost 100 per cent of its payments made to individuals electronically, giving a boost to the country’s financial inclusion efforts. The digital transfer of funds to individuals includes salaries paid to public sector employees,
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