Industrial borrowers to get loans at single-digit interest
The Bangladesh Bank (BB)’s committee recommends that only industrial manufacturing sectors will be eligible for availing single-digit lending rate
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Category: Bangladesh Bank
BB’s committee to finalize report soon
The BB’s committee is going to finalize its report within a couple of days with recommendations how to bring down the industrial lending rate to single-digit.
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Bangladesh forex reserve crosses $32b again
Bangladesh’s foreign exchange (forex) reserve crosses US$32 billion further despite of falling trend in export earnings in the recent months
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Govt. avails OD facility from BB
The government has started availing overdraft (OD) drawing facility from the central bank to meet its day-to-day expenditures
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Bangladesh relaxes rules on buyer’s credit payment
BB relaxes regulations on short-term buyer’s and supplier’s credit borrowed from overseas sources for making payments on import of industrial raw materials
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Bangladesh forex reserve reaches $31.90bn
Bangladesh foreign currency reserve reaches at US$31.90 billion on Tuesday following receiving a fund worth $60 million from the World Bank
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Bangladesh receives over $7.50b remittance in 5 months
The inflow of remittances crosses $7.50 billion in the first five months of this fiscal as the government started providing incentive to the beneficiaries against inward remittance
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BB starts work on industrial lending rate cut
The central bank starts working on bringing down the industrial lending rate to a single-digit in line with the Ministry of Finance (MoF)’s advice
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Govt. higher bank borrowing may continue
The government’s higher bank borrowing may continue if the lower revenue collection along with the ongoing falling trend in sales of national savings certificates persist
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BB may impose interest rate ceiling on industrial loans
The central bank of Bangladesh is likely to impose a cap the interest rate on industrial loans from January 01, 2020 to facilitate the economic growth
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Pressure on Forex market may rise in December
The Bangladesh Taka (BDT) depreciates by BDT 1.0 against the US dollar so far this calendar year in the inter-bank foreign exchange market
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Classified loans hit all-time high in Bangladesh
The volume of classified loans in the banking sector increases further to hit an all-time high at BDT 1.16 trillion in September 2019 .
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