BDT demand in money market dips: The central bank discourages banks to invest excess money in BB bills The demand for Bangladesh Taka (BDT) in the money market fell drastically mainly due to the recent slash of the cash reserve requirement (CRR) by 1.0 percentage by the central bank. Both
Read MoreMoney market: BDT demand falls after slashing CRR The demand for Bangladesh Taka (BDT) in the country’s money market fell recently as slashing the cash reserve requirement (CRR) by the central bank of Bangladesh. After improving supply of fresh funds, the weighted average inter-bank call money rate and weighted average
Read MoreWorld Bank: Bangladeshis abroad remit $13.5bn in 2017 Bangladesh received $13.5 billion as remittances in 2017, the World Bank said on Monday. Globally, Bangladesh is the ninth highest recipient of remittances and in South Asia it ranks third after India, $69bn, and Pakistan, $19.7bn. In its latest Migration and Development
Read MoreStrong judiciary support a must to speed up recovery process of classified loans: ABB chief tells FE Country’s banking sector has sought strong judiciary support to speed up recovery process of classified loans, saying that it would also help improving financial health and growth of the banks. “We need a
Read MoreFostering innovation a key challenge: BB governor The challenge for regulators is to find ways for fostering innovation while safeguarding consumer protection and enhancing stability of the financial sector, Bangladesh Bank Governor Fazle Kabir said. He spoke at the 10th G-24/AFI High Level Roundtable held in Washington DC on April
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