Stronger US dollar plays role in inflow of remittance The continued appreciation of US dollar against Bangladeshi Taka (BDT) is playing an important role in increasing the inflow of remittances into Bangladesh, observed experts, reports BSS. The inflow of remittance over the first five months of the current fiscal year
Read MoreSales of savings tools on the rise Net sales of savings certificates rose 8.49 percent year-on-year to Tk 17,315 crore in the first four months of the fiscal year as savers’ appetite for the high-yielding tools shows no sign of fading. In July-October, the government’s borrowing through the savings instruments
Read MoreNo need for new banks Setting up three more new banks will not bring any good for the banking sector as the existing ones are already weighed down by large volume of non-performing loans, said a former finance minister yesterday. M Syeduzzaman said: “57 banks are too many considering the
Read MoreBB launches special inspection of troubled Farmers Bank The central bank has launched a special inspection of the problem-ridden Farmers Bank Limited (FBL) to assess its real financial health, after heads rolled over a crisis of the trouble-hit fourth-generation private commercial bank. “We’re investigating different branches to know actual financial
Read MoreInterest rate spread drops slightly in October Overall interest rate spread in the country’s banking sector fell slightly in October as the commercial banks slashed their interest rates more on lending than that of deposits, officials said. The weighted average spread between lending and deposit rates offered by the commercial
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