Banks write off BDT 9.2 billion more in bad debts in April-June The country’s banking sector wrote off another BDT 9.21 billion in bad debts in the April-June period of this year with The City Bank and Prime Bank leading the way. The amount of bad debts written off by
Read MoreBB seeks info on demonetised Indian rupee notes The central bank of Bangladesh Wednesday sought from all scheduled banks the relevant information about the volume of Indian rupee notes of 500 and 1000 denominations held by them. The notes were demonetised Tuesday night. “We’ve already contacted different banks, including the
Read MoreTrade deficit doubles Trade deficit more than doubled in the first quarter of the current fiscal mainly as the value of country’s imports far outstripped its export earnings, officials said. The trade gap widened by nearly 111.0% or USD 1.2 billion to USD 2.4 billion during the July-September period of
Read MoreStandard Chartered Bank arranges BDT 650.0 million bond for ACI Godrej Standard Chartered Bank has arranged BDT 650.0 million Zero Coupon Bond for ACI Godrej Agrovet Private Limited, a joint venture company formed by ACI Limited of Bangladesh and Godrej Agrovet Limited of India. This is the fourth Zero Coupon
Read MoreBangladesh Bank buys USD 1.8 billion from banks in July-October The central bank has directly purchased USD 1.8 billion from the commercial banks in the first four months of the current fiscal year (FY), 2016-17, to help keep the inter-bank foreign exchange (forex) market stable. The amount was slightly lower
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