- June 19, 2017
The cheques of the teachers have bounced over the last three to four days. Many of those cheques had incorrect advice
Bangladesh Bank made the directives to the chief executive officers of the banks to facilitate the smooth withdrawal of money during the Eid holidays
The global lender kept the same stance since last year regarding the implementation of VAT law and heavily criticised proposal of imposing excise duty on bank deposit
Legal steps are underway in Philippines to recover the rest of the stolen money, the finance minister said.
Banks will stay open from 9:30am-12pm on Friday and 9:30am-4pm on Saturday
The signing ceremony was also attended by officials of the two the organisations
The central bank said it would review the demand and let the bankers know of any decision later
Over the 11 months of FY’17, remittance stood at $11.55 billion, which was $13.46 billion in the same period of previous year
Four state-run banks hid the real information about the Tk4, 071 crore loan default at the fourth quarter in December
‘Excise duties on bank deposits have been around for an eternity, but stakeholders have never said anything about it’
BASIC bank has already received Tk2,390cr under the government’s recapitalisation programme over the past five years.
On June 1, Minister Muhith proposed a 60% increase in bank excise duties as part of the national budget for the fiscal year 2017-2018.
The deposit amount could be payable to a single or multiple nominee(s) mentioned in the account after the demise of depositor or depositors
Basic bank received Tk2,390 crore from budgets in the last five years
‘It does not make much sense to keep money in the bank amid negative real interest rate’
‘We will treat BASIC Bank with special importance to help it meet capital shortfall’
The Financial Reporting Act enacted to promote transparency, accountability and international standards of financial reporting is in the final stage
Finance Minister AMA Muhith declared the increase as part of his budget speech on Thursday afternoon.
Two independent director posts were vacated earlier this month
The transparency and accountability of the banks’ top officials have become questionable due to the situation.