Bangladesh Bank cuts interest rate on farm loan Bangladesh Bank has reduced interest rate on agricultural and rural credit to 10.0% after considering downward trend in lending interest and deposit rates. The new interest rate will be effective from July, 2016, according to a circular issued on Tuesday by the
Read MoreTwo more banks apply for capital adjustment Two more private commercial banks (PCBs) have applied to the central bank for policy supports for adjustment of their capital-market overexposures, officials said. The banks – City Bank Limited and One Bank Limited – are still maintaining more than 25.0% capital-market exposures while
Read MoreBangladesh Bank intensifies US dollar purchase from banks The central bank has intensified further the buying of US dollar from banks to keep the inter-bank foreign exchange market stable ahead of the Eid-ul-Fitr festival, officials said. Under the latest move, the Bangladesh Bank (BB) bought USD 50.0 million from four
Read MoreBangladesh Bank tells lien banks: Deduct 0.03% from every RMG export order from July 01 The central bank asked the lien banks concerned on Sunday to deduct 0.03% from every readymade garment (RMG) export order from July 01 next. The Bangladesh Bank (BB), in a circular, also asked the bank
Read MoreBanks lower rates further in April The country’s scheduled banks in April cut their interest rates 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, said Bangladesh Bank
Read More