Central bank relaxes forex rules for foreigners The central bank relaxed its regulations allowing foreign tourists to get unspent Bangladesh Taka (BDT) reconverted to foreign exchanges from any licensed moneychangers. Officials said the Bangladesh Bank (BB) issued Tuesday a notification to this effect, asking all licenced MCs (money changers) and
Read More12 banks warned for higher credit growth than deposits Bangladesh Bank has warned 12 commercial banks due to their higher credit growth than collected deposits. The BB issued a letter to managing directors and chief executive officers of 12 banks on February 2 asking them to decrease their credit growth
Read MoreBanks fall short of 28 per cent (Tk 11.87 billion) provisioning in last year Overall shortfall in provision against both classified and unclassified loans in the country’s banking system swelled by nearly 28 per cent or Tk 11.87 billion in the last calendar year. Officials said the banks ran short
Read MoreNon-performing loans jump over 21pc to stand at Tk 621.72b in last calendar year The non-performing loans (NPLs) jumped by more than 21 per cent or Tk 108.01 billion in the last calendar year despite close monitoring by the central bank. The amount rose to Tk 621.72 billion as on
Read MoreBanks brimming with liquidity Country’s scheduled banks stayed overstuffed with liquidity as their liquid assets increased 6.0 per cent to cross Tk 2.78 trillion as of November 2016 compared to June. By official count, the June figure was Tk 2.62 trillion. The volume of banks’ liquid assets was Tk 1.24
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