BB to unveil MPS on Wednesday The Bangladesh Bank will unveil its Monetary Policy Statement (MPS) for the first half of the current fiscal year (2019-20) on Wednesday. “BB Governor Fazle Kabir will unveil the MPS at 11.30am (on Wednesday) at a press conference at the Central Bank headquarters in
Read MoreLiquidity shortage pushes up Private Banks’ Deposit Rates The ongoing liquidity crunch has forced many Private Commercial Banks to raise their deposit rates, particularly that of term deposits. The hike has made the government move to lower the lending rates to single digit almost untenable. The deposit rates started creeping
Read MoreUnique Meghnaghat to build 584MW plant Bangladesh’s largest ever combined cycle power plant of 584 megawatts (MW) fuelled by natural gas is set to be established by Unique Meghnaghat Power at Meghnaghat, Sonargaon in Narayanganj district. Unique, a subsidiary of the Unique Hotel and Resorts, yesterday signed an array of
Read MoreBB increases Farm Loan disbursement target by 10.66pc The Bangladesh Bank has raised the agriculture and rural loan disbursement target by 10.66 per cent for the current fiscal year (FY2019-20), compared to the immediate past fiscal year. The Central Bank set the target at Taka 241.24 billion for FY20, which
Read MoreForm cells to monitor large default loans: BB The Central Bank yesterday asked Banks to form a special monitoring cell to keep an eye on defaulters with loans of more than Tk 100 crore. The cell will have to be formed immediately to give a boost to recovery from the
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