Tk 500cr stimulus for pandemic-hit people who returned to villages Bangladesh Bank has decided to roll out a stimulus package of Tk 500 crore to support people who migrated back to their villages due to the ongoing economic hardship. A good number of urban people who lost their jobs at

Cyber security at banks far cry from proper level Bankers and experts on Sunday said that the majority of the country’s commercial banks were yet to take proper security measures to tackle cyber-attack as the top executives of the banks possessed a poor knowledge about information technology. One-fourth of the

BB developing collateral database to stop forgery The central bank is developing a collateral information system incorporating data on immovable properties which are used for getting loans aiming to prevent document forgery, officials said. The Bangladesh Bank has taken the initiative as dishonest people nowadays increasingly use forged documents and

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.83% (May 17 ’17) 3.77% (May 11 ’17) 0.06% Call Money Lending (Crore BDT) 6,949.00 (May 11 ’17) 6,787.00 (May 11 ’17) 2.39% Prices Weighted Average Deposit Rate 5.01% (Mar ’17) 5.08% (Feb ’17) 0.07% Weighted Average Lending

Bad loans jump to BDT 541.7 billion in 9 months Bad loans, the worst types of defaulted loans, in the country’s banking sector increased by 24.57% to BDT 541.7 billion in the first nine months of this year because of the scheduled banks’ failure in recovering classified loans amid a