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

MoL turns down draft Money Loan Court Act

The law ministry has turned down the central bank's proposal to prepare a new Artha Rin Adalat Ain (Money Loan Court Act) and suggested updating of the existing law through necessary amendments, officials say.The draft law, prepared by the central bank, incorporated extensive punitive actions against delinquent bank borrowers.The ministry...

CA urges people to vote 'yes' in referendum to endorse July charter

Interim Government Chief Adviser Professor Muhammad Yunus has urged Bangladesh's citizens to vote "Yes" in the national referendum on February 12 as "it's a historic opportunity" to reshape the state and lock in democratic reforms.In a nationally televised video address broadcast on Monday evening, Yunus entreated voters not only to...

Banks to chase borrowers as liquidity swells

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur on Monday said commercial banks would have little choice but to actively seek borrowers as surplus liquidity continues to build up in the banking system, driven by strong deposit growth and relatively lower government borrowing.With deposits expanding faster than public-sector credit absorption,...

Shab-e-Barat on Feb 3

Holy Shab-e-Barat will be observed on the night of February 3 as the Shaban moon was not sighted in the country on Monday.As the moon was not sighted, the holy month of Shaban will begin on January 21 and Shab-e-Barat will be observed on February 3, reports UNB.The decision was...

RAB member killed, 3 injured in gunfight with criminals in Ctg

A member of the Rapid Action Battalion (RAB) was killed and three others critically injured in a gunfight with 'local criminals' in Jungle Salimpur area of Sitakunda, Chattogram, on Monday.The clash erupted during a RAB?7 operation in the afternoon, reports bdnews24.com.The dead has been identified as Nayek Subedar Abdul Motaleb,...

Battery-rickshaw drivers enforce blockade in city

Battery-operated rickshaw drivers lifted their road blockade, enforced in the capital's Badda area on Monday, after issuing an ultimatum to the interim government. As a result, traffic resumed on the Kuril-Badda-Rampura route at about 12:20 pm. Earlier, they enforced the road blockade demanding smooth operation of nearly 2,41,000 battery-operated rickshaws...

Struggling BASIC Bank bid for revival falters with little gains

The scam-stricken BASIC Bank PLC has intensified default-loan-recovery drive against its top 20 defaulters in a struggle for revival, but actual collection stands nowhere near regulatory direction. According to an internal bank report, the total recovery came to just Tk 48 million against outstanding loans of Tk 25.40 billion as...

Nassa Group property goes on auction

The interim government has decided put some assets belonging to the Nassa Group to pay due wages and service benefits to the corporate staff.The selloff decision has been made "upon obtaining an order from the honourable court", a spokesman for the CA Office said Monday, quoting Brigadier-General (Retd) Dr M...