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

All loans, advances classified if overdue for over three months

All loans or advances will be counted as classified if overdue for over three months under a master plan meant to enhance risk-management capabilities of banks and transparency of financial reporting.The Bangladesh Bank (BB) master circular on loan classification and provisioning as per updated rules was rolled out Wednesday as...

Petition for banning ISKCON, HC orders state report

A lawyer petitioned the High Court for banning the International Society for Krishna Consciousness or ISKCON in a sedition case, amid countrywide protests against the murder of a Chattogram advocate, and the HC ordered a state report on this matter. The sedition case has been filed against expelled ISKCON leader...

Indian media reports on slain lawyer false: CA's Press Wing

CA's Press Wing called false some Indian media reports over slain Chattogram lawyer Saiful Islam Alif claiming that he was representing Chinmoy Krishna Das in the court, reports BSS.In a Facebook post on Wednesday, it said some Indian media outlets were claiming that lawyer Saiful Islam Alif, who was brutally...

Khaleda acquitted in one case, discharged from another

The High Court on Wednesday acquitted BNP Chairperson Khaleda Zia in the Zia Charitable Trust case and a Dhaka court discharged her from the Barapukuria coal mine graft case, report agencies.The High Court bench, comprising Justice AKM Asaduzzaman and Justice Syed Enayet Hossain, granted the acquittal after accepting a petition...

Garment export to EU market risks 20pc fall

Bangladesh's garment export to the European Union market may fall 20 per cent under a combined effect of the country's LDC graduation and the EU-Vietnam Free Trade Agreement (EVFTA), economists say and show remedies.Vietnam's ready-made garment (RMG) export is currently subject to average 9.6-percent duty on the EU market that...

Two more BB bills in the offing

Two more Bangladesh Bank (BB) bills will be introduced soon in the money market to transmit monetary policy through managing liquidity more effectively.The twin BB bills will have 90-day and 180-day tenures, according to a notification issued by the central bank on Wednesday. Currently, three BB bills are being used...

Tarique acquitted in extortion case

A Dhaka court has acquitted BNP acting chairman Tarique Rahman and seven others in a Tk 100 million extortion case, reports UNB. Dhaka Additional Chief Metropolitan Magistrate Shannullah accepted the police's final report and cleared the accused of all charges after a hearing on Wednesday. The acquitted individuals are Tarique's...