Rising interest rates and an alarming surge in non-performing loans (NPLs) have pushed Bangladesh's banking sector to a critical tipping point, speakers warned at a seminar on Saturday. The event drew a sharp focus on the dual pressures of financial instability and limited credit access, particula
FE Online Report More than 1.7 million taxpayers submitted their income tax returns online in the fiscal year 2024-25, marking a significant rise in digital adoption for tax compliance, according to the National Board of Revenue (NBR). In a press release issued on Monday, the NBR said a total of
The government has lowered the interest rates on all types of National Savings Certificates for the second half of 2025. The interest rate ceiling for certificates has been set at 12 per cent, while the floor is 9.74 per cent. Previously, the lowest interest rate for certificates was 10.13 per ce
Expatriate Bangladeshis sent over $2.70 billion in remittances during the 29 days of June in the 2024-25 fiscal year. This marks a 14.10 per cent increase compared to the same period last year, when remittances totalled $2.37 billion, said Arif Hossain Khan, executive director of Bangladesh Bank.
Yield rates on state-run savings tools, ideally designed for helping pensioners, elders and widows, have been cut although their shines are already dim for low returns. The government revised downward the yield rates on savings certificates under the Department of National Savings with effect from
In a bid to facilitate revenue collection, all bank branches across the country will remain open until 6 pm today (Monday), according to a spokesperson of Bangladesh Bank. Transactions are usually conducted between 10 am and 4 pm, while bank offices remain open until 6 pm to complete post-transact
The government on Sunday borrowed Tk 117.94 billion in a single day by issuing three types of treasury bills to partly finance its budget deficit. The amount borrowed is well above the pre-auction target of Tk 80 billion, according to the auction results. "The government borrowed a substantial am
Bangladesh reached a historic milestone on June 28, with remittance inflows surpassing US$30 billion, breaking all previous records. According to the Bangladesh Bank, from July 1, 2024, to June 28, 2025, the expatriates sent $30.04 billion in remittances. In the previous FY2023- 24, the expatriate
Dr Anisuzzaman Chowdhury, special assistant to the Ministry of Finance (with the rank of State Minister), said that international lenders like the International Monetary Fund (IMF) cannot deny their role in enabling corruption in Bangladesh. “They gave loans despite witnessing corruption&mda
Bangladesh Bank (BB) has given Tk 520 billion (Tk 52,000 crore) to 12 weak banks by printing money. According to the central bank, among the private banks that took emergency loans are First Security Islami Bank, Social Islami Bank (SIBL), National Bank, EXIM Bank, Global Islami Bank, Islami Bank
Kick-starting structural reforms is imperative to spur economic growth, rebuild investor confidence and reverse the ongoing economic slowdown, but the new budget falls short on this account, experts and economists said. Such conclusion was drawn at a meet Thursday after doing a last-minute anatomy
Bangladesh's foreign exchange reserves climbed to $30.51 billion on Thursday, reflecting a renewed strength in the country's external sector. But, officials said, under the International Monetary Fund's (IMF) Balance of Payments and International Investment Position Manual (BPM6), the reserve is c
Economists and private sector entrepreneurs said that the budget for the next fiscal year 2025–2026 falls short of introducing the structural reforms needed to spur economic growth, rebuild investor confidence, and reverse the ongoing economic slowdown. Although the government has set a 5.5
