BB revises banks’ investment limit in bonds Bangladesh Bank on Wednesday revised ceiling on banks’ investment in bonds and debentures in line with Bank Company Act (amended) 2013. The BB issued a circular to managing directors and chief executive officers of all banks saying that they (banks) would be allowed
Read MoreCredit card, personal loan limits for consumer financing double Limits to credit-card and personal loans under consumer financing almost doubled to match rises in people’s purchasing power, officials said Tuesday. Bangladesh Bank (BB), country’s central bank, revised the limits after 13 years considering per-capita income, they explained. Under the revised
Read MoreLending rates cut further to 9.8% Scheduled banks cut their rates of interest on lending further in February, the 26th month in a row, as the businesspeople were reluctant to borrow from banks amid a dull business situation in the country, said Bangladesh Bank officials. The rates of interest on
Read MoreRemittance inflow falls 17pc in July-March The overall remittance inflow has dropped by nearly 17 per cent or US$ 1.86 billion in the first nine months of this fiscal year (FY), 2016-17, against the same period of the previous fiscal. The remittance receipts came down to $9.19 billion during the
Read MorePrivate sector credit growth rises in February The private sector credit growth increased significantly in February from that of the previous month as import payments jumped in recent months due to a rise in payments for capital machinery, industrial raw materials and some other commodities, said Bangladesh Bank officials. According
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