Pvt sector credit growth rises to 16.21pc in Aug The private sector credit growth in the country increased to 16.21 per cent in August year-on-year compared with that of 15.97 per cent in July as banks are now disbursing significant amount of consumer and farm loans to sustain their profitability.

Banks’ capital rises Banks’ overall capital rose 1.6 percent in the April-June quarter but the capital base of state banks shrank further though they were provided with funds from the state coffer. On June 30, the total capital in the banking system was Tk 76,884 crore, up from Tk 75,612

Call money rate falls to record low amid tepid demand The call money rate has plummeted to a record low, indicating the market is flush with liquidity with hardly any demand for credit. Data shows the weighted average call money rate was 8.16% in 1997, which came down to 7.37%

3 state-run banks get new MDs The government has appointed new managing directors (MDs) to three state-owned banks as the posts remained vacant for over a month. The Bank and Financial Division under the Finance Ministry yesterday issued a circular over the appointment the new MDs. According to the circular,

Private credit growth highest in four years Banks’ lending to private borrowers grew a robust 16.56 percent last fiscal year, according to central bank data released yesterday. The growth rate was the highest in four years and well above the target of 14.8 percent set in the monetary policy, thanks