BB asks BIAC, ABB to draft guideline on NPL recovery Bangladesh Bank (BB) has recently moved to formulate a guideline for realisation of non-performing loans (NPLs) in the banking sector and make amendment to relevant laws. During a recent tripartite meeting held at its head-office, the central bank has asked
Read MoreFarm loan growth slows to 2.55pc in 9 months Disbursement of farm loan has increased by only 2.55 per cent during the July-March period of the current 2017-2018 fiscal year.It was 23.39 per cent during the same period of the previous fiscal year, 2016-2017. In March of the current fiscal
Read MoreBB asks banks to bring down lending rates to single digit The central bank of Bangladesh has asked the banks to take effective measures to bring down the interest rate on lending to single digit from the existing level as soon as possible. The advice was made at two separate
Read MoreLending rate may start to come down in 6 months: bank CEOs Depending on deposit collection situation, the interest rate on bank loans may start to come down in six months when the reduced cash reserve ratio becomes effective, chief executives of a number of banks said on Sunday. The
Read MoreState banks’ default loans cross Tk 55,000cr The amount of default loans of state-owned banks has reached Tk 55,095 crore as of January 2018, Finance Minister AMA Muhith yesterday told parliament. The government has taken various steps to identify the defaulting persons and organisations, he said while replying to a
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