All banks must make e-payment by yearend The central bank asked commercial banks to provide EFT (Electronic Funds Transfer) and Real Time Gross Settlement (RTGS) services from all branches by December 31. To this effect, the Bangladesh Bank (BB) issued a circular Monday, asking the managing directors and chief executive
Read MoreInterest rates on savings tools may go down Finance Minister AMA Muhith yesterday hinted at lowering the interest rates on savings instruments as the returns from these tools are very high compared to other rates prevailing in the market. Steps in this regard may be taken in the next budget
Read MorePrivate investment flatters to deceive Private investment continues to remain obstinately stuck in the slow lane, putting a damper on the country’s growth aspirations. In fiscal 2016-17, private investment to gross domestic product ratio is expected to be 23.01% — only 0.02% points higher than the previous year, according to
Read MoreSoCBs’ provision shortfall widens on higher NPLs Public banks are getting into some difficulty in lending as their overall shortfall in provision against both classified and unclassified loans increased over 6.0% in the first quarter (Q1) of this year. According to the central bank’s latest statistics, the amount of provisioning
Read MoreQ1 non-performing loans leap to BDT 734.1 billion Classified loans in the country’s banking system jumped by over 18.0% or BDT 112.4 billion in the first quarter (Q1) of the current calendar year, despite close monitoring by the central bank. According to the central bank’s latest statistics, the amount of
Read More