TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
Rate last updated: 02/01/2014 11:15:04 AM
Interest rate on deposits now below inflation Interest rate on deposits slid below the 5-percent mark and well under the inflation rate, compounding the woes of savers who have already been hit by a large hike in excise duty on their balances. In April, weighted average deposit rate stood at
Read MoreRemittance inflow rises 16.0% in May YoY The flow of inward remittance jumped by more than 16% in May this year over that of the previous month. It was estimated at USD 1.27 billion in May 2017, up by about USD 175 million from USD1.09 billion in April. It was
Read MoreSavers to keep off banks The country’s business leaders and economists criticised the government heavily for hiking the excise duty on bank deposits in the proposed budget for next fiscal year. The increased excise duty would discourage people to use formal financial channels, said Nihad Kabir, president of Metropolitan Chamber
Read MoreAgriculture sector NPLs rise 14.0% in July-April The amount of classified loans in the agriculture sector increased by more than 14.0% or BDT 6.08 billion during the first 10 months of the ongoing financial year (FY), 2016-17, despite the central bank’s close monitoring. The non-performing loans (NPLs) of farmers rose
Read MoreExcise duty on bank accounts to double next fiscal year The government is considering doubling the excise duty on bank accounts with large debit or credit balance in fiscal 2017-18 to boost revenue collection. Accounts with balance between BDT 0.1 million and BDT 1.0 million at any time of a
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