Dhaka wants Delhi to expedite loan payment聽聽聽聽聽聽聽聽聽
Finance, commerce and science and technology adviser Salehuddin Ahmed on Tuesday asked India to expedite the disbursement of loan for the implementation of projects in the country.
Tags : loan
Banks鈥� deposits, loans dip in July
Bank deposits and loan disbursements dropped in July. Bangladesh Bank data showed that deposits fell by Tk聽8,197 crore, reaching Tk聽17,34,026 crore in July (excluding interbank and government deposits), down from Tk聽17,42,224 crore in June....
54pc of Tk 2.11 lakh crore NPL only in five banks
Five banks held over 54 per cent of the total non-performing loans in the country鈥檚 banking sector as of June, exposing deep vulnerabilities in the sector...
China pushes smaller, smarter loans to Africa to shield from risks
China鈥檚 years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as...
S Alam group withdraws聽Tk 90,000cr from Islami Bank Bangladesh alone
The controversial S Alam Group has withdrawn over Tk 90,000 crore loans from Islami Bank Bangladesh alone, accounting for more than 50 per cent of the shariah-based bank鈥檚 total loan...
IDLC customers can now pay thru bKash
Customers of IDLC Finance PLC can now pay loan instalments, fees and charges for all other services through bKash, said a press release...
NPL soars by Tk 1.90 lakh crore during AL regime
The banking sector witnessed a staggering increase in the non-performing loans by Tk 1,90,000 crore in the past 14 years since 2009, when the Awami League-led government assumed...
BB raises banks鈥� farm loan target to Tk聽38,000cr
The Bangladesh Bank on Thursday raised agricultural loan disbursement target for banks by 8.75 per cent to Tk聽38,000 crore for the current financial year 2024-25 against the target of Tk聽35,000 crore for the past financial year...
Govt for China loan restructure
Finance and commerce adviser Salehuddin Ahmed on Tuesday said that they had asked China for restructuring its loans given to the immediate past government for development projects on...
Orion defaults on Tk 106cr loan for Hanif flyover
Orion Infrastructure Limited, a concern of Orion Group, has become a loan defaulter after failing to repay Tk 106 crore in bridge financing for the Mayor Mohammad Hanif Flyover project, according to...
IMF loan programme to continue despite regime change
The International Monetary Fund will continue its ongoing $4.7 billion loan programme in Bangladesh despite the students-led mass demonstration that stepped Sheikh Hasina down as prime minister on Monday...
Textile millers demand low-cost loans to offset business losses
The country鈥檚 textile mill owners have sought low-interest bank loans to help cover workers鈥� wages and utility bills for July, saying that the industry faced significant financial losses due to the disruption of business operations amid the recent unrests over quota-reform movement...
Businesses demand low-cost loans, deferred payments
The country鈥檚 business leaders on Sunday demanded low-cost bank loans, rescheduling facilities, deferred payment of loan instalments and waiver of port demurrage due to the suspension of business activities caused by the nationwide shutdown, curfew, general holidays and internet outage centring the quota reform movement...
Improved implementation of debt management policy a must
A persistent increase in internal and external government borrowing and the consequent pressure on loan repayment pose a threat to the economy. While economists have for long spoken of negative impacts of the growing government debt, the authorities appear to have ignored the risks and continued to borrow excessively...
Banks release Tk 30,104cr in farm loans in 10 months
Banks disbursed Tk 30,104 crore in agricultural loans in July-April of the 2023-24 financial year, which accounts for 86 per cent of the total disbursement target for FY24, according to Bangladesh Bank data...
Pakistan to get $7b IMF aid
The International Monetary Fund has agreed to loan Pakistan $7 billion to bolster its faltering economy, with Islamabad pledging Saturday it would be the last time it...
Printing money by Bangladesh Bank to aid ailing banks must be stopped: Mansur
Economist Ahsan H Mansur on Saturday said that the printing of money by the Bangladesh Bank to keep some troubled Islamic banks afloat must be halted immediately to check inflation in the country...
ACC seeks info over Islami Bank鈥檚 Tk 3,300cr loan scam
The Anti-Corruption Commission on Monday sent letters to Bangladesh Bank and Islami Bank Bangladesh for second time, seeking information regarding the...
BB now offers exit option to loan defaulters
The Bangladesh Bank on Monday introduced an exit policy for loan defaulters after its various efforts to curb the rising tide of bad loans in the country鈥檚 banking sector...
Forex reserve rises to $22b on foreign loans
The foreign exchange reserves in Bangladesh, according to the International Monetary Fund guidelines, increased to nearly $22 billion on June 27 from $18.64 billion in May...
Raise instalment amount not number for term, housing loans: BB
The Bangladesh Bank has issued new instructions regarding instalments of term (industrial) loans and housing loans after raising interest rates...
IMF approves release of $1.1b to Bangladesh
The International Monetary Fund on Monday approved disbursement of $1.12 billion to Bangladesh under the current $4.7 billion loan programme.
BB working to make list of top loan defaulters: Fin Min
Finance minister Abul Hassan Mahmood Ali on Monday told the Jatiya Sangsad that Bangladesh Bank is in the process of preparing the list of top loan defaulter persons and organisations...
Bad loans and failed governance
DATA recently published by the Bangladesh Bank demonstrate that our banking sector has a nagging problem of non-performing loans, which have reached a record high. According to the recent central bank data published on June 6, in the first quarter of 2024, the amount of non-performing loans was more than Tk 182,000 crore...
WB to provide $900m loan聽聽聽
The World Bank on Saturday said that its board approved disbursement of $900 million for two projects in Bangladesh.
Bad loans surge 65pc in 2 years
Defaulted loans of the state-owned entities increased by around 65 per cent in the past two years amid a lack of initiative to realise those, finance ministry officials...
Short-term foreign loan rises after 10-month fall
The amount of private sector short-term foreign loans increased in April, as businesses turned to overseas loans considering rising interest rates and liquidity crunch in the...
Banks disburse Tk 26,667cr in farm loans in 9 months
Banks disbursed Tk聽26,667 crore in agricultural loans in July-March of the 2023-24 financial year, which accounts for 76.19 per cent of the total disbursement target for...
IMF to review $1.15 billion loan to Bangladesh in June
The International Monetary Fund on Friday said that its board meeting on June 24 would review the disbursement of $1.15 billion to Bangladesh.
All steps to be taken to rein in loan default: minister
Law, justice and parliamentary affairs minister Anisul Huq on Sunday said that all steps would be taken to dispose of quickly the cases pending before money loan courts to rein in loan default....