Economy to experience slowdown in next 1.5 yrs Global ratings agency Moody’s has predicted the economic activity in Bangladesh will decelerate sharply over the next 18 months in the aftermath of COVID-19 outbreak. The Moody’s projected that the real gross domestic product or GDP growth will slow to 4.6 per
Read MoreBB seeks banks’ updated bad loan, provisioning status The central bank yesterday asked banks to send their figure of defaulted loans and provisioning of the first quarter of this year within tomorrow. Banks have been also asked to provide their announced interest rate on both loans and savings for March,
Read MoreDemand for digital devices increases The demand for digital needs among people has risen significantly in recent months as the coronavirus pandemic is fast turning society towards technologies to respond to this crisis. A vast majority of people under lockdown have willingly discarded many of their liberties. In the unusual
Read MoreBB steps in to shore up banks’ financial muscle The central bank yesterday rolled out long-term special repo, following the lead of the Reserve Bank of India, to help banks, many of which are cash-strapped, prop up their liquidity base such that they can adequately prime the pump during these
Read MoreBB guideline on lending eases Banks are allowed to provide loans without maintaining internal credit risk rating system (ICRRS) to the cottage, micro, small and medium enterprise (CMSME) sector under the Tk 200-billion stimulus package. The government has recently announced the bailout package for the sector with an intent to
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