Thursday, December 5, 2024

BB likely to allow NBFIs short-term deposit collection

Bangladesh Bank may allow non-bank financial institutions to collect deposits for three-month tenure in a bid to solve their current liquidity crisis, a senior BB official has told New Age. The NBFIs on Sunday demanded that the BB take measures to solve their liquidity crisis by allowing collection of deposit of three-month tenure from clients

Loan-deposit ratio of 22 banks drops in April

The advance-deposit ratio in 22 banks, out of the total 47, decreased further in April as demand for credit in the private sector dropped due to an unfriendly business situation amid political unrest, said officials of the Bangladesh Bank. According to the latest BB data, the overall ADR in

Forex reserve crosses $15b mark on BB dollar buying spree

The country’s foreign exchange reserve on Tuesday crossed the $15-billion mark for the first time due mainly to the Bangladesh Bank’s dollar buying spree, slump in imports in the first nine months of this financial year and increased inflow of remittance, said official of the central bank. A BB official said that the foreign exchange

Fin min asks BB to refinance Tk 1,266cr

The finance ministry has asked the Bangladesh Bank to provide the merchant banks and brokerage houses with Tk 1,266 crore to reschedule the loans of the investors affected in the 2010 stock market crash. The decision came after a Bangladesh Securities and Exchange Commission proposal had requested the government to approve the refinance scheme.

BB committee warns govt of risks

A government committee has suggested that the government should consider the risks before issuing the country’s first ever sovereign bond to raise funds for infrastructure projects from the international money market, officials said. The committee led by Bangladesh Bank deputy governor Shitangshu Kumar Sur Chowdhury in its interim report has identified

Imports nosedive in July-March amid poor business climate

The country’s import bill payment registered a negative growth in the first nine months of the current financial year on year-on-year basis like the last few months as the import of capital machinery and industrial raw materials declined sharply amid a negative investment situation, said Bangladesh Bank officials. According to the BB data released on Monday, ... Read more