SME loan disbursement surges by nearly 20pc in six months Credit disbursement to small and medium enterprises (SMEs) has increased by 19.86 per cent in the first six months of 2017, compared to the corresponding period in the last year, according to the Bangladesh Bank (BB) data. “The growth of

Full execution of new VAT law likely in FY22 Finance Minister A M A Muhith on Monday said the new VAT law might be fully implemented in fiscal year (FY) 2021-22. He made the comment just after a day the National Board of Revenue (NBR) chief pledged to implement the

Banks face pressure as customers withdraw cash before Eid Banks saw a significant rush of clients withdrawing cash to meet their festival-related expenditures ahead of the three-day Eid-ul-Azha vacation beginning from tomorrow (Friday). Over the last two days, the banks in the metropolis were packed with clients withdrawing money, especially

Taka deflates more against US dollar The exchange rate of the local currency depreciated further against the US dollar on Wednesday after 22 days despite the central bank’s foreign currency support to the commercial banks. The exchange rate of Bangladesh Taka (BDT) depreciated by two paisa on the day against

Banks to cut lending rates in phases Banks are sticking to their directors’ decision to bring down the lending rates to 9 percent from July 1 amid growing dilemma over how to execute the plan for a large number of loan products. The Bangladesh Association of Banks (BAB), last week