BASIC to get BDT 26.0 billion recap fund: Public money being put in ‘black hole’, say experts The government is set to issue BDT 26 billion-worth of bonds to meet capital shortfall of the problem-ridden BASIC Bank as per requirement under the Basel-III provision, officials said. Finance Minister AMA Muhith

Govt plans Tk 3,322cr transmission line The Government is going to construct a 140-kilometre high-voltage electricity transmission line between Barapukuria and Kaliakair to import 1,600 megawatts of power from Indian conglomerate Adani Group. The Planning Ministry is going to place a mega project involving Tk 3,322 crore at the meeting

Country moves to import cash dollar The central bank of Bangladesh moves to import cash US dollar through a commercial bank to feed a growing demand for the greenback on the market. Officials said the disclosure was made at a meeting of bankers, held in the central bank headquarters in

Banks fall short of 28 per cent (Tk 11.87 billion) provisioning in last year Overall shortfall in provision against both classified and unclassified loans in the country’s banking system swelled by nearly 28 per cent or Tk 11.87 billion in the last calendar year. Officials said the banks ran short

BB suspends agri loan recovery in haor areas Bangladesh Bank on Monday asked banks to suspend their farm loan recovery programmes in the flash floods-hit haor regions in Sunamganj, Sylhet, Moulvibazar, Netrokona, Kishoreganj and Brahmanbaria and the other parts of the country affected by the calamity. Recent flash floods damaged