Govt to put caps on cash transactions to curb illegal money flow The government may tighten restrictions on cash transactions in banks in an effort to curb terror financing and money laundering in Bangladesh. According to sources, a report prepared by the central bank to this end is going to
Read MoreBDT rises notably against US$ for importers The exchange rate of Bangladesh Taka (BDT) appreciated significantly against the US dollar on Wednesday for importers, as the central bank sold US$ 38 million to the banks, market operators said. The local currency appreciated by 0.23 per cent or 19 paisa each
Read MoreTaka depreciates significantly The exchange rate of Bangladesh Taka (BDT) depreciated significantly against the US dollar at the customers’ level on Tuesday, mainly in case of clearing import payment obligations, according to the market operators. The local currency depreciated by 0.37 per cent or 30 paisa against the US currency
Read MoreGovt securities’ yield falls as banks scramble to buy Yield on government securities took a downturn under a buying spree, especially as banks invest their excess funds in the instruments to reap double benefits. According to officials and market operators, particularly new private commercial banks (PCBs) are purchasing the bills
Read MoreSME loan disbursement surges by nearly 20pc in six months Credit disbursement to small and medium enterprises (SMEs) has increased by 19.86 per cent in the first six months of 2017, compared to the corresponding period in the last year, according to the Bangladesh Bank (BB) data. “The growth of
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