BB allows each bank to form Tk 2b fund The central bank has allowed all scheduled banks to create a special fund worth Tk 2.0 billion each of five-year tenure, only for investment in the capital market. Under the fresh arrangement, the banks may form the special fund with their
Read MoreFive state banks to get listed by Oct Five state-run banks are set to get listed on the stock market by September as part of the government’s move to prop up the ailing bourse that has arguably dragged investor confidence down to rock bottom. A quarter of the shares of
Read MoreGovt has a new headache. It’s the high interest rates on T-bills and bonds The interest rate on government Treasury bills and bonds, the main instruments for bank borrowing, doubled in the last one year — a development that will fuel budgetary expenditure and may discourage private sector credit, both
Read MoreRMG hiccups pull down July-Jan export receipts The country’s merchandise shipments fell by 5.21 per cent in the first seven months of the current fiscal year over that of the same period of last fiscal year (FY). The monthly export earnings during the period under review maintained a downtrend except
Read MoreGood governance ‘a must to end banking sector’s woes’ A nexus between bank directors, businessmen and lawmakers and inadequate judicial infrastructure are responsible for the melancholy performance of country’s banking sector. Bangladesh Institute of Bank Management (BIBM) organised the lecture at its auditorium. Nurul Matin was one of the founders
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