Remittance inflow drops by 1.8% in Jul-Mar The remittance inflow in the first nine months of the current financial year, 2015-16, decreased by 1.8% to USD 11.1 billion from USD 11.3 billion received in July-March of FY15, according to the Bangladesh Bank data released on Monday. The inward remittance plays

Taka Bond ready to raise $10m from London Mkt Bangladesh is going to float a taka-denominated bond for the first time on the London Stock Exchange next month to raise funds for the local private sector, according to officials on Saturday. The International Finance Corporation [IFC], a sister concern of

Eleven banks served show-cause notices by Bangladesh Bank for selling USD at higher rates Bangladesh Bank yesterday issued show-cause notices to 11 banks for trading USD at prices higher than the inter-bank declared rates. The banks have been asked to reply to the notices within three days. The USD appreciated

Banks’ provision shortfall shrinks by 18pc in Q4 The shortfall in provisions against loans, mostly classified ones, in the banking system has narrowed by over 18 per cent in the fourth quarter of 2019 on the back of lower growth in default loans. The overall shortfall came down to Tk

Govt earns Tk 300m revenue in 12 days Some 20 thousand metric tons of foods and raw materials worth $ 2,85,908 have been imported from India by rail through Benapole port in the last 12 days. The government earned a revenue of Tk 300 million (30 crore) and the railway