Banking and Economics
What does it indicate if deposit growth in banking sector slows down
A recent news article published in a national daily cited statistic from the Bangladesh Bank, indicating a decrease in deposit growth in the banking sector. Despite an increase in interest rates on deposits, depositors are now less inclined to keep their savings in banks as they used to.
Legal reforms are crucial for bank consolidation and identification of willful defaulters
At this moment, the most discussed issue in the banking sector is weak bank consolidation and willful defaulters being identified and brought under strict penalties. For a long time, the country's economists and bankers have been suggesting reforms for the banking sector, but the authorities have not heeded them. Recently, somewhat unexpectedly, Bangladesh Bank has instructed weak banks to merge with stronger ones in order to consolidate the banking sector. Simultaneously, there have been indications of adopting stringent measures against willful defaulters, who are considered as a 'menace' to the banking sector due to their significant influence and notoriety. Many have raised questions about why Bangladesh Bank has become vigilant regarding willful defaulters of loans and why it is initiating efforts for the consolidation of weak banks. Bangladesh Bank has not taken consistent or self-motivated initiatives to enforce stringent legal measures to address weak bank consolidation and identify willful defaulters of loans.
Banks to be open in some areas during the Eid holidays
According to a BB circular issued today (March 31), some branches of scheduled banks will be open for three days in a limited range to facilitate the payment of salaries, bonuses and other allowances to the workers, employees, officials working in the garment industry and payment of export bills.
Simple discussion on some theories of banking and economics
In words, it is said, 'Not knowing something is not wrong, unwillingness to learn is wrong. And the biggest crime or injustice is pretending to know without knowing. Many among us are reluctant to show interest in learning about unfamiliar subjects. They behave as if they already know everything. Many try to display expertise in a subject they don't actually know well themselves. It's impossible for a person to know everything. However, continuous efforts to learn are necessary so that one doesn't get trapped or humiliated in the net of ignorance. Mutual exchange of ideas can be considered the best way to acquire knowledge on a subject. Those of us who work with or discuss banking and economics often need to familiarize ourselves with various new terms or concepts. Without having basic or fundamental knowledge about these, one tends to become embarrassed. Therefore, let's discuss some terms or concepts related to banking and economics that we come across almost daily. It's worth mentioning that the discussion here will be very general and not from the perspective of an expert. Therefore, misunderstandings or misconceptions are natural.
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