Bangladesh Bank lifts minimum deposit rate, hikes lending rate up to 12pc The Bangladesh Bank on Sunday withdrew the minimum deposit rate for banks and allowed lending rate on consumers’ credit up to 12 per cent in its monetary policy announced for the second half of financial year 2022-23. Earlier,
Read MoreBB unveils crucial MPS today: Main thrust to be on inflation control Relaxing rate caps comes as a predominant suggestion as the central bank is set to launch today a new monetary-policy stance within a space squeezed by higher inflation, banks’ liquidity crunch and global uncertainty. In the prevailing ambiance,
Read MoreMohammad Ali becomes Pubali Bank MD, CEO Mohammad Ali has been appointed as managing director and chief executive officer of Pubali Bank Limited by its board of directors, said a press release. Prior to joining as MD and CEO, he held position of additional managing director and chief operating officer
Read MoreInterbank lending rate goes past 9% cap for liquidity crunch Cash-strapped banks are borrowing from cash-rich lenders paying more than 9 per cent in interest rate, which is above a cap set by the central bank, as an unprecedented liquidity crunch has hit the banking sector of Bangladesh. Some lenders have
Read MoreBangladesh working to implement IMF conditions to get $4.5b loan Bangladesh government is working to gradually implement almost all conditions of the International Monetary Fund (IMF) to get a US$4.5 billion loan from the Washington-based lender, to meet the foreign exchange crisis, said a senior official of the finance ministry
Read More