Remittance inflow increased by 25pc in March

Business Desk Published: 3 April 2022, 07:09 PM
Remittance inflow increased by 25pc in March

Remittance inflow rose to an eight-month high in March which was nearly 25 percent higher than the previous month of the current fiscal 2021-22.

According to the Bangladesh Bank (BB) latest data, expatriate Bangladeshis sent US$1,859.97 million remittance in March of the fiscal 2021-22 which is the highest since July when $1,871.49 million flew into the country in remittances, reports BSS. 

In March, six state-owned commercial banks - Agrani, Janata, Rupali, Sonali, Basic and BDBL - received $333.39 million while one state-owned specialized bank- Bangladesh Krishi Bank- received $30.80 million.

Of the state-owned banks, Agrani Bank received $121.59 million, Janata Bank $57.95 million, Rupali Bank $45.67 million, Sonali Bank $108.01 million and Basic Bank received $0.17 million. 

Besides, the expatriates have sent $1,487.35 million through private commercial banks.