Foreign firms allowed getting interest-bearing loans
Bangladesh Bank relaxes regulations allowing foreign controlled firms to avail interest-bearing loans as working capital from their parent companies abroad
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Category: Banking
Farm credit disbursement falls 15% in July
Bangladesh’s farm credit disbursement fell by 15.11 per cent in July 2019 due to flood at different parts of the country
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Govt. borrows BDT 230b from banks in 35 days of FY ’20
The government borrows BDT 230 billion from the banking system in the first 35 days of this fiscal year (FY), 2019-20, to finance budget deficit partly
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Banks to comply with CRR, SLR for OBOs from Sept 01
The central bank is set to issue a directive asking the banks to comply with CRR and SLR rules for offshore banking operations (OBOs) from September 01
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BFIU takes measures to curb trade-based money laundering
Bangladesh takes a coordinated effort to curb trade-based money laundering for mitigating the risks of frauds and forgeries in the banking sector
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Bangladesh forex reserves stood at $32.29bn
Bangladesh’s forex reserve crossed US$32 billion-mark again following higher inflow of remittance ahead of the Eid-ul-Azha, officials said
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BB pumps BDT 216b to keep market stable before Eid
Bangladesh Bank pumps over BDT 216 billion in the last week using monetary tools to keep the money market stable before the Eid-ul-Azha vacation
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Banks asked to keep open branches near cattle markets
Bangladesh Bank asks the banks to keep their branches near cattle markets in the capital Dhaka open till August 11 ahead of the Eid-ul-Azha
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CPD to form citizens’ review commission on banking
The Centre for Policy Dialogue (CPD) decides to form a “Citizens’ Review Commission on Banking” to identify the problems of the sector.
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NBFIs allowed borrowing more from money market
BB allows NBFIs to borrow the maximum 40 per cent of their equities instead of 30 per cent from the inter-bank call money market
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BB to issue notification capping interest rates
BB will issue a directive immediately capping the interest rates on deposits and lending at 6.0 per cent and 9.0 percent respectively
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Prime Bank consolidated net profit jumps by 28% in H1
Consolidated net profit of Prime Bank jumps by nearly 28% in the first half of 2019 as the private commercial bank managed its balance sheet efficiently
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