PKB set to become scheduled bank Probashi Kallyan Bank (PKB) is set to go into operation as a scheduled bank by March as the government has completed all preparations in this regard, sources said. To this effect, Financial Institutions Division (FID) has sent a summary paper to the finance minister,
Read MoreInvestments with Islamic Banking soar 19% Investments with the Islamic banking accounts have increased by 19.03 per cent in the October-December quarter of 2017, compared to the corresponding period of the previous year. “The Islamic banking segment continued to show rapid expansion in terms of growth of assets, deposits, investments
Read MoreDon’t pull out funds from private banks: Bangladesh Bank (BB) Governor Bangladesh Bank Governor has sought the finance minister’s intervention to stave off pressure to withdraw government funds from private banks, which has been creating an artificial liquidity crisis and bumping up interest rates for lending. Citing the case of
Read MoreTaka deflates more against US dollar The exchange rate of the local currency depreciated further against the US dollar on Wednesday after 22 days despite the central bank’s foreign currency support to the commercial banks. The exchange rate of Bangladesh Taka (BDT) depreciated by two paisa on the day against
Read MoreBB drafts law bringing NBFI depositors, like bank, under insurance scheme Bangladesh Bank has framed a draft of ‘Deposit Protection Act 2017’ bringing non-bank financial institutions, like the banks, under the deposit insurance scheme to protect the interest of depositors. The proposed act will replace the existing ‘Bank Deposit Insurance
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