The government borrowing from the commercial banks increased to Tk 20,453.30 crore in the first 10 months and 26 days of the current fiscal year as the government started borrowing heavily at the last stage of its tenure to meet up its budgetary allocation, said officials of Bangladesh Bank.
According to the latest BB data released on Thursday,
commercial banks
11 banks hold 74.25pc classified loan
The country’s 11 banks held 74.25 per cent default loans of the banking sector as of December 31, 2012 as a significant amount of loans has been classified by the banks due to recent banking scams, said Bangladesh Bank officials. The 11 banks including four state-owned banks and three specialised banks are Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank, Bangladesh Krishi Bank,
27 banks fail to maintain interest rate spread in Dec
Twenty-seven banks in December did not maintain the interest rate spread for lending and deposit set by Bangladesh Bank, according to the central bank data released last week.
The BB data, however, showed that the overall interest rate spread, the gap between the interest rate on credit and deposit, and weighted average advance rate
Banks post healthy operating profits
The country’s scheduled banks in the just concluded year posted healthy operating profits despite debacle in the capital market, liquidity crisis, lower loan disbursement and a stagnation condition in opening and settling of letter of credits for import.
A BB official told New Age on Monday that although the growth in profits in 2012 was not
Banks given June deadline to reduce credit growth
Bangladesh Bank on Sunday asked commercial banks to bring down the credit growth in line with their deposit growth by June.
The central bank warned the banks that it would take stern actions against them if they failed to adjust the credit-deposit ratio