Finance News: Latest Financial News, Finance News today in Bangladesh

All banks to face special audit soon

The government will carry out special audit in every bank of the country to bring the loan defaulters under increased scrutiny, said Finance Minister AHM Mustafa Kamal."Each and every bank of the country will come under this special auditing," he said.The minister disclosed this while speaking at the annual conference...

Govt working to light up every house: PM

Prime Minister Sheikh Hasina said Wednesday her government will light up every house by boosting the power generation, report agencies.She said this while inaugurating six power plants and nine grid substations having capacity of 1062 megawatts (MWs) through a videoconferencing from her official Ganabhaban residence."Our aim is to spread light...

BD seals border to stem further Rohingya influx

Bangladesh has 'almost' sealed the Myanmar border to stem the influx of Rohingya from the neighbouring nation, foreign minister Dr AK Abdul Momen said on Wednesday. "We shall not allow the influx of people from Myanmar anymore. We have almost sealed the border," he said.The minister disclosed this while responding...

Move to reduce NPLs thru implementation of laws

Senior bankers and law minister are likely to meet the High Court judges and Attorney General's Office to discuss the ways of reducing troubled loans through effective implementation of existing laws.The decision came at a special meeting on Wednesday with Bangladesh Bank (BB) Governor Fazle Kabir in the chair.Law Commission...

BB issues new loan write-off policy

All banks in the country have to create a separate debt cancellation unit to recover loans that were written off to cleanse balance sheets while reducing tax burden.The order came on Wednesday in a Bangladesh Bank notification on loan or investment write-off policy.The latest instruction also bars banks to reschedule...

Four to die for child murder

SYLHET, Feb 6 (UNB): A tribunal here on Wednesday sentenced four people to death for killing a schoolboy in Chatak upazila of Sunamganj district in 2015. The condemned convicts are Saleh Ahmed, Rafiq, Zayed and Sujon of Chhatrak uapzila in Sunamganj district. According to the prosecution, Mostafizur Rahman Imon, son...