Wednesday, February 21, 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

BB’s dollar purchase nears $5 billion

The Bangladesh Bank has continued to set record in purchasing US dollar as it bought greenbacks worth $4.93 billion from the commercial banks between July 1 and May 22 of this financial year. Before the FY 2012-13, the BB purchased the highest amount of greenbacks worth $2.16 billion in the FY 2009-10,

SCBs lag behind in financing green projects

The state-owned commercial banks and specialised development banks lagged behind other banks in financing green projects in last year, Bangladesh Bank Green Banking Report for 2012 said. The SCBs disbursed only 2.39 per cent and the SDBs only 3.02 per cent of the total loan amounting to Tk 27,092 crore distributed by banks to the

Banks in 4 metropolises to remain open Saturday

All the branches of the scheduled banks in Khulna, Rajshahi, Barisal and Sylhet metropolitan areas will remain open on Saturday, said a Bangladesh Bank press release. The branches in these metropolises will remain open so that people can deposit the security money for contesting in the elections of the four city corporations

8 new banks must lend govt just after start of operation

Eight new commercial banks will have to take part in Bangladesh Bank auction to buy government securities just after starting their operation as the central bank earlier attached a condition that every new bank would be a primary dealer, said BB officials. The banks, which are among nine banks that got

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.

Janata Bank yet to take action against officials

Janata Bank is dillydallying on taking punitive action against its officials who, according to two Bangladesh Bank inspections, were involved in a financial scam in the bank’s four branches in Dubai, said officials of the central bank and Janata Bank. A BB official told New Age on Tuesday that the central bank

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