Private lenders outperform others Local private banks saw their credit growth accelerate in comparison to state and foreign banks due to the race for making more profit than others. The credit growth of private banks, whose share in the total credit comes to 72.48 percent, accelerated 18.13 percent year-on-year on
Read MoreBanks face huge rush ahead of Eid-ul-Azha With the general banking closing today before the continuous 6-day Eid-ul-Azha vacation, commercial banks are witnessing a huge rush of clients withdrawing cash to meet Eid spending. Over the last three days, the banks in the metropolis have been packed with clients, especially
Read MoreInflation eases to 5.37% in August The general inflation rate in the country has eased to 5.37% in August, the lowest in more than 10 years, due mainly to the lowering trend for the last couple of months and slight downtrend in food inflation. Planning Minister AHM Mustafa Kamal said
Read MoreBDT 1.3 trillion liquidity glut in banks cools market: No pre-festival call money volatility An all-time-high BDT 1.3 trillion liquidity glut in banks cast a damper on usual pre-festival upswing of call money in inter-bank borrowings, officials said. The inter-bank call-money rate remained stable Monday, barely a week before the
Read MoreBangladesh Bank raises three SoCBs’ credit growth limit: Boosting productive investment main objective The central bank has enhanced the credit-growth limits for three state-owned commercial banks (SoCBs) for this calendar year despite their soaring classified loans. Officials said the annual lending-growth limits for Sonali, Janata and Rupali have been re-fixed
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