Dhaka, Jamuna banks allowed to float bonds worth Tk 1,000cr The Bangladesh Securities and Exchange Commission on Wednesday allowed two banks — Dhaka Bank and Jamuna Bank — to float subordinated bonds worth Tk 1,000 crore in total. The capital market regulator gave the approval in a commission meeting presided
Read MoreNine banks suffer Tk 194.67b capital shortfall in 2017 Nine banks, six owned by government, suffered an aggregate capital shortfall worth over Tk 194.67 billion in the last calendar year mainly as their swelling classified loans took a toll. Sources in the banking circles indicated a worrying feature of the
Read MoreBB issues new rules on hiring CFO, CITO for banks The central bank has introduced a new set of regulations on appointment of chief financial officer (CFO) and chief information technology officer (CITO) of the banks to ensure good governance in the banking system. Under the new regulations, minimum 12
Read More57 banks charging double digit interest rates All 57 commercial banks in the country are charging double digit interest rates on loans from businesses, Bangladesh Bank (BB) says. Some banks are charging more than 15% interest rates on industrial loans, the central bank said in a report published in February.
Read MoreCredit binge squeezes banks’ liquidity The overall excess liquidity with the country’s banks shrank by nearly 18 per cent or Tk 154.61 billion by January, mainly for a lending binge against a deposit dearth. Selling the US dollar by the central bank also contributed to the trimming of their excess
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