Govt. bank borrowing crosses BDT 500b
The government’s net bank borrowing crosses BDT 500 billion until middle of this month, compelled by the need for meeting budget deficit
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Category: PCBs
Farm credit disbursement grows by 5.56% in H1
Farm credit disbursement grew by 5.56 per cent in the first-half of this fiscal year (FY) as demand for such loan has been picked up due to seasonal effects
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Liquidity pressers on money market rise slightly
Liquidity pressure on Bangladesh’s money market increased slightly in the last week as the government’s higher bank borrowing to meet budget deficit partly
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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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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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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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Banks to cut in lending rates to 9.0% from Apr 01
The banks agree to bring down their interest rates on all loans at 9.0 per cent from the existing level from April 01, 2020, instead of January 01.
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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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