BB clears way for freelancers to earn more from abroad The central bank yesterday raised the maximum limit for inward remittances from $2,000 to $5,000 per transaction for freelancers and outsourcing companies. Bangladesh Bank issued a notice yesterday, allowing authorised dealers to bring in funds from overseas against outsourcing services
Read MoreMobile banking reaches one-third Bangladeshis Almost one third of Bangladeshis now have access to mobile banking as the number of users has climbed 150% in the last three years, says a new survey. Some 22% of the relevant agents have faced fraud in the last one year as over-the-counter transactions
Read MorePvt sector credit sees steady growth The credit growth slightly improved to 16.6% in June, the same rate set in the latest monetary policy for December this year from 16.4% in previous month, according to the Bangladesh Bank data. The total loan to the private sector stood at Tk6,69,700 crore
Read MoreBanks’ lending rates cut to 10.39% in June The country’s scheduled banks in June cut their rates of interest on lending further against the backdrop of the businesses’ persistent reluctance to borrow from banks due to a sluggish business situation worsened by political uncertainties and vulnerable law and order situation,
Read MoreBuyers’ credit rises to USD 4.45 billion The buyers’ credit in the country’s business sector increased by 17.8% to USD 4.45 billion as of June 30, 2016 from USD 3.78 billion as of June 30, 2015 as the local importers are allowed to take the foreign loans with a lower
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