Proposal on postal bank awaits PM’s nod The Posts and Telecommunications Division has sought approval from the prime minister to open a postal bank in order to take basic banking services to the remote areas of the country. If the government goes ahead with the proposal already sent to the

Private sector credit growth picks up Private sector credit growth crossed the 16% mark for the first time in six months in March on the back of higher investment in government’s infrastructure projects and a surge in SME lending amid lower interest rate. In March, credit growth stood at 16.1%

2 lakh loan defaulters Finance minister Abul Maal Abdul Muhith on Tuesday told parliament that the number of loan defaulters in the country was now 2,02,623.The defaulters, persons or companies, had borrowed money from 55 state-run and private commercial banks and\ defaulted on their loans till March this year, Muhith

Foreign aid inflow rises The foreign aid flow to Bangladesh during the first five months (July-November) of the current fiscal year (FY18) continued its encouraging trend as it was $824.51 million higher than the corresponding period of the last fiscal year (FY17), reports BSS. According to the Economic Relations Division

Remittance tumbles 23pc Remittance tumbled 22.68 percent year-on-year in September due to a decline in the income and savings of Bangladeshi expatriates living in the Middle East as a result of the oil price slump. Migrant workers sent home $1.04 billion last month, according to the Bangladesh Bank’s provisional data.