BB sets 9.0pc lending rate for all sectors The central bank has instructed banks to fix a maximum 9.0 per cent interest rate on all loans except credit cards as part of the government initiative to bring down the lending rate to a single digit. The new instruction will come
Read MoreOpening a bank account now easier than ever The central bank yesterday simplified the account opening form of banks as part of the government’s efforts to get people to come under the formal financial umbrella. Now, customers will have to fill only a two-page form instead of the previous six-page
Read MoreAddl. $7.8b needed to halve fatalities: WB Bangladesh needs to invest an additional amount of $7.8 billion over the next decade to halve its road crash fatalities. In 2017, road accidents became the fourth leading cause of death for children from the ninth leading cause of death in 1990. The
Read MoreGovt to review yield rate of postal savings scheme Finance Minister AHM Mustafa Kamal said on Wednesday he will reconsider the yield rates of postal savings scheme. The government put a curb on buying savings instruments by individuals up to Tk 2.5 million, which was later raised to Tk 5.0
Read MoreBanks’ provision shortfall shrinks by 18pc in Q4 The shortfall in provisions against loans, mostly classified ones, in the banking system has narrowed by over 18 per cent in the fourth quarter of 2019 on the back of lower growth in default loans. The overall shortfall came down to Tk
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