Bankers seek assurance to get deposit at 6.0%
Bankers seek assurance form regulators to get deposits particularly public ones at 6.0 per cent before brining down the lending rate at 9.0 per cent
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Category: Bangladesh Bank
Bangladesh forex reserve crosses $32bn again
Bangladesh foreign currency reserve crossed US$32 billion again on Monday following higher inflow of remittances, officials said.
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BB increases remit limit of IT firms
BB increases the remit limit for Information Technology (IT) or Software firms to US$40,000 from the existing level of $30,000 in a calendar year
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Govt’s bank borrowing may reach BDT 50b this month
The government is set to borrow a net nearly BDT 50 billion from the country’s banking system for the month of January to partly meet its budget deficit
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Bangladesh’s forex reserve falls to $31.90b
Bangladesh has made a routine payment of US$975 million to the Asian Clearing Union (ACU) against imports during the November-December period of 2019
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Bangladesh forex reserve reaches $32.83b
Bangladesh’s foreign exchange (forex) reserve reachs at US$32.83 billion on Monday from $32.57 billion a week ago
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Private credit growth falls further in November
Private credit growth decelerates further in November as most of the banks maintained a ‘conservative approach’ towards lending
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Remittances hit record $18.42b in 2019
Inward remittance grew by 18 per cent to a record $18.42 billion in the just-passed 2019 for a government effort to incentivise remitters, officials said.
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Bangladesh’s remittance inflow to rise 18% in 2019
The flow of inward remittance is set to jump 18 per cent in 2019 as the government has provided incentive to the beneficiaries against inward remittance
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Single-digit interest rate on industrial loans
Bangladesh Bank board of directors approves a proposal on a single-digit interest rate for industrial manufacturers to facilitate economic growth
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BB set to issue circular on single-digit interest rate on loans
Bangladesh Bank is set to issue a circular on single-digit interest rate on industrial loans after getting approval from its board of directors
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Pressure on money market may intensify ahead of year closing
Pressure on the money market of Bangladesh may increase further this week ahead of the calendar year closing on December 31
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