BDT 1,137.0 billion loans regularized to overcome post-poll meltdown The country’s banking sector has regularized a total of BDT 1,137.0 billion from July 2013 to December 2015 during political turmoil following the national poll held on January 5, 2013. Of the total amount, banks have rescheduled BDT 823.9 billion and

BB instructs banks not to reject foreign cheques or drafts Bangladesh Bank has asked banks not to send back clients who present foreign cheques and bankers’ draft with the view to arranging smooth repatriation of returning migrant workers’ additional job benefits. Typically, migrant workers get their added job benefits like

Private sector credit growth remains steady Private sector credit growth remained steady in January amid higher import and rising business activities in the country. In January, private sector credit growth stood at 15.6 percent, which is almost identical to the previous month’s figure. Since September last year, the credit growth

Default loans plague banks, corporations Bangladesh’s entire banking and financial corporate have been plagued by a menacing default culture that is setting roots deeper every year with no one or way to stop the drainage of loaned money and recover it.Banking sources said the amount of default loans is increasing

Banks increase agricultural loan Farm and non-farm credit disbursement witnessed a massive 107.89 per cent growth in the 11 months of fiscal year 2016-17 (FY17) as banks in public and private sectors, including the specialised and foreign ones, disbursed about Tk 189 billion till May against their total target of