Call money rate falls to record low amid tepid demand The call money rate has plummeted to a record low, indicating the market is flush with liquidity with hardly any demand for credit. Data shows the weighted average call money rate was 8.16% in 1997, which came down to 7.37%
Read More3 state-run banks get new MDs The government has appointed new managing directors (MDs) to three state-owned banks as the posts remained vacant for over a month. The Bank and Financial Division under the Finance Ministry yesterday issued a circular over the appointment the new MDs. According to the circular,
Read MoreSales of savings tools hit record Net sales of savings instruments hit a record high in fiscal 2015-16, as investors were lured in by interest rates which are 5.0 percentage points higher than those offered by commercial banks on term deposits. The amount was more than double the target set
Read MorePrivate credit growth highest in four years Banks’ lending to private borrowers grew a robust 16.56 percent last fiscal year, according to central bank data released yesterday. The growth rate was the highest in four years and well above the target of 14.8 percent set in the monetary policy, thanks
Read MoreShimanto Bank listed as scheduled bank Bangladesh Bank on Wednesday said that Shimanto Bank Ltd was registered in the list of scheduled banks from July 21 this year. The BB issued a circular to managing directors and chief executive officers of all banks informing that the issue of listing of
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