Government plans to bail out Farmers Bank The government plans to inject capital into Farmers Bank through Investment Corporation of Bangladesh (ICB) and state-owned Sonali, Janata, Agrani and Rupali banks in order to save the private commercial lender from failing. The five lenders will buy shares worth BDT 11.00 billion

Hacking in BB again, no damage done The e-mail ID of Bangladesh Bank (BB) has been hacked and false mail sent to different commercial banks using the Central Bank’s mail ID, sources said. Executive Director of BB Subhankar Saha told media that they have got a suspicious mail on Monday

Bangladesh Bank appoints new chief economist Bangladesh Bank has recently appointed Faisal Ahmed as its chief economist. Ahmed has been serving as the senior economic adviser to the governor of Bangladesh Bank since August 2015. Previously, he was the IMF resident representative in Cambodia during 2011-2015, a senior economist in

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.61% (Oct 31’19) 4.50% (Oct 23’19) 19.77% Call Money Lending (Crore BDT) 5,942.59 (Oct 31’19) 7,006.30 (Oct 23’19) 15.18% Prices Weighted Average Deposit Rate 5.60% (Aug ’19) 5.60% (Aug ’19) 0.00% Weighted Average Lending Rate 9.60% (Aug ’19)

Social Islami Bank faces ‘hostile’ takeover After the top-level management of Islami Bank Bangladesh Ltd (IBBL) was removed, forcibly according to critics, on January 5 this year, Social Islami Bank Ltd (SIBL) on Monday faced a similar series of drastic changes to its upper echelon. SIBL Chairman Major (Retd) Dr