$400m up for grabs for key infrastructure dev The central bank has undertaken Investment Promotion and Financing Facility (IPFF-II) project with over US$400 million disbursement target for infrastructure development in nine key sectors. An official list of the sectors eligible for drawing the funds includes ports, power, environment, industrial estates
Read MoreLending disrupted for a week for BB server crash Banks’ lending activities ground to a halt for a week until last evening due to the abrupt collapse of the central bank’s Credit Information Bureau server on March 6. The CIB report, which informs on the clients’ credit status, must be
Read More3,521 client-complaints against banks in FY17 Clients lodged a total of 3,521 complaints with the Bangladesh Bank against the commercial banks, mainly related to general banking issues, in the last fiscal year of 2016-2017, a report of the central bank revealed on Sunday. The number of complaints, however, dropped by
Read MoreSavings certificate sales rise even after high interest rate in bank deposits The depositors had turned away from the banks following the Farmers Bank Limited incident but now they are leaning towards savings certificate. A total of around Tk8,060 crore was invested on savings certificate in January, 2018, said Bangladesh
Read MoreImports up 11.66pc in seven months The country’s overall imports grew by 11.66 per cent in the first seven months of the current fiscal year (FY), 2017-18, mainly due to higher import of food grains and fuel oils, officials said. Actual import in terms of settlement of letters of credit
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