Rates of interest on T-bills, bonds on the decline Rates of interest on the government treasury bills and bonds decreased significantly in recent months as most of the scheduled banks rushed to invest their excess liquidity in the government tools amid a slow credit demand from the industrial sector due
Read MoreCentral bank warns NBFIs against irregularities The central bank warned the non-banking financial institutions (NBFIs) against irregularities over lending and concealing information in reporting their financial affairs. The fresh warning came at a meeting of the chief executive officers (CEOs) and managing directors (MDs) of NBFIs with Bangladesh Bank (BB)
Read MoreBDT 1,137.0 billion loans regularized to overcome post-poll meltdown The country’s banking sector has regularized a total of BDT 1,137.0 billion from July 2013 to December 2015 during political turmoil following the national poll held on January 5, 2013. Of the total amount, banks have rescheduled BDT 823.9 billion and
Read MoreBB asks BKB, RAKUB to reduce default Bangladesh Bank (BB) has asked two state-owned specialised banks (SBs) for taking effective measures immediately to reduce the volume of classified loans and improve their respective financial health, officials said. Bangladesh Krishi Bank (BKB) and Rajshahi Krishi Unnayan Bank (RAKUB) have also been
Read MoreFirst Finance feels the pinch for corrupt directors The country’s non-bank financial institutions bear the brunt of financial irregularities including embezzlement in which FIs directors and high-ups are involved, the central bank investigative team has found. The names of corrupt big fish in financial institutions (FIs) surface at a time
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