BB developing collateral database to stop forgery The central bank is developing a collateral information system incorporating data on immovable properties which are used for getting loans aiming to prevent document forgery, officials said. The Bangladesh Bank has taken the initiative as dishonest people nowadays increasingly use forged documents and
Read MoreDeposits in school banking accounts rise to Tk 1,100cr Total deposits in the bank accounts owned by schoolchildren in the country increased to Tk 1,100.37 crore as of March 31, 2017 from that of Tk 1,020.79 crore as of December 31, 2016.A Bangladesh Bank official told New Age on Thursday
Read More‘Limited knowledge of cybersecurity the reason behind BB heist’ The Bangladesh Bank cyberheist was the result of limited knowledge about the importance of cybersecurity in today’s world, said former Bangladesh Bank governor Atiur Rahman.“This incident could have been avoided if we had the proper idea about cybersecurity,” he said in
Read MoreBanks disburse Tk 7,489cr farm loans thru high charging NGOs in FY17 Country’s commercial banks in last fiscal year disbursed Tk 7,489.52 crore in farm loans through their linked non-governmental organisations which charged an interest rate ranging from 24 per cent to 27 per cent for the loans. Farmers get
Read MoreGrameen Bank electoral rules may see changes The government may amend the electoral rules of microcredit lender Grameen Bank so that it can pick nine directors from the borrowers by itself — like it has done since its inception. Now the finance ministry will take opinions of the attorney general
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