Rejaul Karim Byron

Rural customers have to spend money to get farm loans, which includes giving tips to convince officials, and the incidence is the highest in case of state-owned banks, a survey by Bangladesh Bureau of Statistics found.

Non-bank financial institutions saw their default loans rise 11.71 percent year-on-year in 2014, which observers say is a by-product

Some 40 lakh new faces entered the job market between 2010 and 2013 and an equal number of people got jobs thanks to increasing economic activities in non-farm sectors, according to the Labour Force Survey 2013.

Development spending soared as much as 50 percent in February from the previous month in spite of the disrupting blockade and

Four state banks raised their performance last year following close monitoring by the central bank and the finance ministry's banking division.

Trade deficit more than doubled in the first seven months of the fiscal year from a year ago on the back of high import growth.

The government is going to purchase 10 ships from China and Italy at a cost of Tk 2,777 crore under state arrangement.

The implementation of the annual development programme increased every month until December of the current fiscal year, but fell drastically, by 49 percent, in January from the previous month.

Since independence, 2.2 tonnes of seized illegal gold worth around $90 million has been added to the country's foreign currency reserves.

BASIC Bank has failed to implement seven of the ten conditions imposed by the central bank for performance improvement.

The banking sector's net profit dropped around 17 percent year-on-year in 2014 to Tk 5,993 crore on the back of mounting bad loans which necessitated large provisioning.

A government committee yesterday okayed import of 19 lakh tonnes of refined petroleum products during January-June period of this year at prices between $66 and $70 per barrel.

The government will set up an apex body to help complete large projects as part of a raft of policy reforms for getting budgetary support from the World Bank.

Deposits at banks dipped 1.07 percent in January from a month ago as savers rush to government savings schemes that offer higher interest rates compared to the banking system.

Bank loans decreased 0.98 percent or Tk 5,197 crore in January compared to December mainly due to political unrest.

The economic affairs committee of the cabinet yesterday approved appointment of a consultant to formulate a master plan to generate 9,000 megawatts of power in Maheshkhali, going a step forward with the government's vision to convert the island into the country's largest energy hub.

Grameen Bank has virtually come under full state oversight for the first time in its 33-year history, after the current board's tenure expired on Sunday and the government failed to hold elections to select its successor.