The troubled BASIC Bank is heading for a merger with the better-performing Bangladesh Development Bank Limited (BDBL) as part of the government's efforts to improve the overall health of the country's state banks, which have historically been sitting on a heavy pile of soured credit. "They are both state banks, so the merger should not raise any objection from anyone," Finance
BB asks banks to meet farm credit target
Anisul Islam Noor
7th February, 2021 10:01:38
Bangladesh Bank (BB) is pursuing banks to meet the agricultural credit disbursement target by end of the current fiscal year to help boost crop production.
Banks disbursed Tk 120.78 billion or 46 per cent of the agricultural credit disbursement target during the July- December period of FY21.
The annual agricultural credit target for FY 21 has been set at Tk 262.92 billion.
Of the Tk 120.78 billion disbursed so far, eight state-owned banks disbursed Tk 54.41 billion while the remaining Tk 66.37 billion was disbursed by private banks.
Banks also have recovered Tk 140.91 billion of the farm credit disbursed in the first six months of current fiscal, which was Tk 115 billion in the same period of the previous fiscal.
BB asks banks to meet farm credit target
Tk 120.78 bn disbursed in 6 months
Anisul Islam Noor
6th February, 2021 11:17:44
Bangladesh Bank (BB) is pursuing banks to meet the agricultural credit disbursement target by end of the current fiscal year to help boost crop production.
Banks disbursed Tk 120.78 billion or 46 per cent of the agricultural credit disbursement target during the July- December period of FY21.
The annual agricultural credit target for FY 21 has been set at Tk 262.92 billion.
Of the Tk 120.78 billion disbursed so far, eight state-owned banks disbursed Tk 54.41 billion while the remaining Tk 66.37 billion was disbursed by private banks.
Banks also have recovered Tk 140.91 billion of the farm credit disbursed in the first six months of current fiscal, which was Tk 115 billion in the same period of the previous fiscal.