Bangladesh’s banks may open FX clearing account in RMB
Banks are allowed to open foreign currency clearing account with the central bank in Chinese yuan renminbi to facilitate bilateral foreign trade
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Category: PCBs
Asset quality for PCBs deteriorates in 2017: BB
Asset quality for the country’s private commercial banks (PCBs) slightly deteriorates mainly due to higher non-performing loan (NPL)
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City Bank, bKash sign deal to enable interconnectivity
City Bank Limited and bKash Limited announce a strategic partnership, enabling their customers to enjoy a bundle of services using interconnectivity
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BB allows Eurocurrency rates to encourage RFCD deposit
BB relaxes regulations allowing banks to pay interest on resident foreign currency deposit (RFCD) accounts at Eurocurrency deposit rates
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Bangladesh introduces contactless payment service
Bangladesh Bank introduces a contactless payment service using the near-field communication (NFC) technology to make card-based transactions easier
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City Bank to issue BDT 7.0bn subordinated bond
Bangladesh’s securities regulator has approves the proposal of issuing subordinated bond worth BDT 7.0 billion by the City Bank Limited
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Bangladesh’s inward remittance jumps by 17% in FY 18
The inflow of remittance jumps by more than 17 per cent in the just-concluded fiscal year following higher fuel oil prices in the global market
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Banks cut interest rates as per board decision
Bangladesh’s private commercial banks (PCBs) will slash interest rates for both lending and deposit from July 01 as per the decision of their board of directors
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Bangladesh’s banks to remain open on Saturday
Bangladesh Bank asks all scheduled banks keep open their branches concerned on June 30 to help taxpayers pay income tax and submit challan of VAT, taxes and pay-orders
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BAB asks banks to slash interest rates
Bangladesh Association of Banks (BAB) asks its member banks to bring down the interest rates on deposit and lending at 6.0 per cent and 9.0 per cent respectively from July 01
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BAB decides to bring down lending rate at 9.0%
Bangladesh Association of Banks (BAB) decides to bring down the interest rate on lending at 9.0 per cent and deposit rate at 6.0 per cent from the existing level.
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Call money rate stable before Eid festival
The inter-bank call money rate remains almost stable on Thursday, the last working day before the Eid festival, despite higher withdrawal of cash from the banks
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