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Another Tk 1,863cr bank fund for stock market
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Another new bank opens for business | The Daily Star
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With the Bengal Commercial Bank starting operations, the number of banks in the country rises to 60.
The central bank gave approval to three new banks in the last two years. The banks are Community Bank Bangladesh, Bengal Commercial Bank and Citizen Bank.
Citizen Bank is yet to start operations.
Speaking on the occasion, Md Jasim Uddin, chairman of the bank, said the banking sector was now going through different types of challenges. In some cases, clients have lack of confidence in the banking sector. We will give our all-out efforts to help clients remove their confusion over the banking sector, he said.
Bank directors’ demand for extending loan repayment tenure faces criticism
Directors of banks have urged the central bank to relax the repayment tenure for term loans and working capital further, a demand that was opposed by bankers and analysts as the banking industry is still reeling from the pandemic-induced slowdown.
The banking sector has been in a bad state of affairs for the last couple of years and the ongoing business slowdown caused by the coronavirus pandemic has exacerbated the situation.
Against the backdrop, the central bank should not entertain the proposal of the Bangladesh Association of Banks (BAB), an organisation of directors of private banks, in the interest of the banking industry, experts said.
FBCCI pushes for extending loan moratorium
Private bank sponsors want no additional provisioning for loans being paid back regularly; analysts oppose both demands
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has reiterated itsrequest for Bangladesh Bank to extend an ongoing loan moratorium until June.
Moreover, the Bangladesh Association of Banks (BAB), comprising private bank sponsors, has called for exempting provisions for loans, against which instalments are being paid regularly, from the latest central bank directive on keeping an additional 1 per cent provisioning for all unclassified loans.
The rest of the loans making use of the moratorium, or in other words, against which repayment instalments are not being paid, should fall under the purview of the additional provisioning directive, said the association.
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