Banks, NBFIs sign deals to disburse JICA funds A band of 25 banks and 10 non-banking financial institutions (NBFIs) signed participatory agreements with the central bank Monday to disburse funds under a JICA scheme. The main objective of the Urban Building Safety Project (UBSP) is to strengthen RMG building safety
Read MoreBan on blank cheques Country’s commercial banks are barred from receiving blank cheques as security from their clients against loan or investment to check fraud and forgery. The central bank issued a notification to this effect to the managing directors and chief executive officers of all of the scheduled banks,
Read MoreDownward revision of savings tools’ yield rates likely The government will review and re-fix soon the yield rates of different national savings certificates aiming to make them time-befitting, officials said. The finance minister in a letter on Tuesday last asked the senior secretary of the finance ministry to fix the
Read MoreEconomic affairs body approves deep sea gas exploration deal The Cabinet Economic Affairs Committee on Wednesday in principle approved proposal to sign the final deal with South Korean company for oil and gas exploration in the deep sea block DS-12, reports UNB. According to the Energy Division’s proposal the final
Read MoreBangladesh Bank warns banks not to cut interest on deposit Bangladesh Bank on Tuesday asked banks to take initiatives to prevent the rates of interest on deposits from further falling. The BB issued a circular to the managing directors and chief executive officers of all banks saying that the spread
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