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Rural clients of agent banking are missing out on its benefits as loan disbursement amounted to less than 5 percent of the deposits collected as of September this year, highlighting lenders’ preference for deposit only.
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International credit cardholders will face trouble in settling online transactions abroad as they will have to take prior approval from banks for every cross-boundary payment.
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Foreign direct investment to Bangladesh surged 51 percent last fiscal year to its highest on record, riding largely on Japan Tobacco Inc’s acquisition of Akij Group’s tobacco business for $1.47 billion.
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Trade deficit narrowed slightly in the first quarter of the fiscal year as both exports and imports declined, a development that can be construed as symptoms of an economic slowdown.
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The central bank is set to relax the loan write-off policy once again in a space of nine months, bowing down to pressures from an influential quarter.
