Dhaka, July 2 -- The BBN (Bangladesh Business News) has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
HI operating profits of a number of PCBs plunge
Operating profits of a number of private commercial banks (PCBs) dropped significantly in the first half of the current calendar year. The decline in profit is largely attributed to the fixation of single-digit interest rate from April 1 last. The Covid-19 pandemic has also partly pushed down the private lenders' bottom line, according to senior bankers. Of 41 PCBs, operating profits of 11 fell, while only two fourth generation banks managed to turn profit, according to provisional data of January- June period. The...