BB ups export loan ceiling for textiles, apparel makers The central bank has raised the loan limit of garment and textiles producers under its Export Development Fund (EDF) to help boost income from outbound shipment, officials said. “It has now been decided to enhance the limit of US$ 20 million
Read MoreBB begins special probe: Alleged ‘misreporting’ on forex rate to central bank by some banks The central bank has started carrying out a special inspection to detect irregularities relating to foreign exchange reporting by the commercial banks, officials said. Three inspection teams of Bangladesh Bank (BB) started on-site inspection Sunday
Read MoreInterest rates rattle people Kaniz Fatima Binte Alam, a doctor, took Tk 48.50 lakh home loan at 8.5 percent interest in October last year from a lender with expertise in financing homes. Within six months, Fatima was astonished to get the lender’s notification that the interest rate has been revised
Read MoreBangladesh Bank mulls uniform calculation of forward rates The central bank plans to develop uniformity of calculation in case of forward rates among the banks aiming to ensure discipline in the country’s foreign exchange market. The Bangladesh Bank (BB) has asked for the methodology of calculation on forward rates from
Read MoreTaka weakens against dollar, substantially The Bangladesh Taka (BDT) has fallen considerably against the US dollar as the demand for the greenback grew to meet import payment requirements. The local currency weakened by 50 poisha in a single day in the inter-bank foreign exchange (forex) market on Tuesday, according to
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