Banks’ lending growth slows down Lending growth failed to keep pace with the deposit growth in banks in September, putting lenders in an uncomfortable situation as they cannot make the most of cheap funds because of depressed demand from borrowers.Loans and advances stood at Tk 1,065,570 crore as of September,
Read MoreRBI to maintain accommodative monetary policy stance The Reserve Bank of India is likely to maintain its accommodative monetary policy stance but a faster-than-expected recovery in growth is limiting the scope for further rate cuts, the minutes of the monetary policy committee (MPC) meeting said.The MPC left key interest rates
Read MoreBanks to shell out another Tk 1,350cr on stocks Banks are going to invest an additional Tk 1,350 crore in the stock market by utilising Bangladesh Bank’s incentive, a development that will likely to boost both liquidity flow and investor confidence. The highest investment commitment came from United Commercial Bank
Read MoreBank stocks drop for higher provisioning requirement Most banking stocks dropped yesterday, fuelled by apprehensions of a reduction of profits of lenders centring a Bangladesh Bank decision directing them to keep aside extra provisioning. However, the DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 20.59 points, or
Read MoreImport, export cost goes up as freight rates rise Freight charges have risen in the last few weeks due to the adverse effects of Covid-19 on the global shipping sector, pushing the cost for importers and exporters in Bangladesh.CMA-CGM, the fourth largest container shipping line in the world, has recently
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