Banks must give good borrowers interest rebate within this year Bangladesh Bank on Monday asked scheduled banks to provide the good borrowers with interest rebate at 10 per cent within this year; otherwise, it would take punitive measures against the disobedient banks. The BB issued a letter to managing directors
Read MoreBASIC to get BDT 26.0 billion recap fund: Public money being put in ‘black hole’, say experts The government is set to issue BDT 26 billion-worth of bonds to meet capital shortfall of the problem-ridden BASIC Bank as per requirement under the Basel-III provision, officials said. Finance Minister AMA Muhith
Read MoreBanks’ risk assets soar 11.0% Banks’ risk assets have increased by BDT 680.0 billion or 11.0% over the last one year period as some of their clients took loans on fraudulent documents, officials said recently. According to the Bangladesh Bank Offside Supervision latest report, the risky wealth of banking sector
Read MoreBanks unwilling to reward good borrowers Only one bank out of the 57 operating here has so far offered incentives to its good borrowers in compliance with a Bangladesh Bank order. The order issued in March last year asked all scheduled banks to give its good borrowers 10 percent rebate
Read MoreFortify digital financial flows Leading bankers, economists and experts suggested a combined move for tightening any loopholes in anti-money laundering compliances and cyber-security mechanisms to fortify financial flows. They also called upon the mobile financial services (MFS) stakeholders to come forward with a synergy to face the challenges, as a
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