NBFCs see rapid loan growth, outpacing deposits
NBFCs see rapid loan growth, outpacing deposits

Non-Banking Financial Companies (NBFCs) in the country are witnessing a significant surge in loan disbursements, far outstripping deposit growth, raising concerns about potential financial imbalances. According to Bangladesh Bank data, loans extended by NBFCs rose by Tk2,317 crore in 2024, while...

Banking hours revised for Ramadan: 9:30 AM to 2:30 PM
Banking hours revised for Ramadan: 9:30 AM to 2:30 PM

Bank transaction hours have been adjusted for the month of Ramadan like the previous years. According to Bangladesh Banks last weeks directive, transactions will take place from 9:30 amto 2:30 pm during Ramadan while banks will remain open until 4 PM for post-transaction activities, reports UNB....

Apparel industry in deep crisis: 155 factories closed, millions lost jobs
Apparel industry in deep crisis: 155 factories closed, millions lost jobs

The garment, textile, and knitwear sectors in Bangladesh are in crisis, with industry leaders citing the energy shortage, labor unrest, and instability in the banking sector as the primary causes. These challenges have had a devastating impact on the industry. In the past year alone, 140 factories...