Bank accounts for street children – a noble initiative that fell by the wayside Bangladesh Bank’s initiative to join hands with non-government organisations to allow street children and child workers open bank accounts with Tk10 minimum initial deposit has fallen by the wayside. Stakeholders have blamed the failure mainly on

Crackdown awaits lavish non-life insurance firms: IDRA issues show-cause notices on all 45 firms The insurance regulator now plans a tougher crackdown on the country’s 45 non-life insurance firms for their lavish management spending in violation of the rules. Earlier, the Authority had conducted a drive against 17 life-insurance firms

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.76% (Mar 29 ’17) 3.75% (Mar 23 ’17) 0.01% Call Money Lending (Crore BDT) 6,388.00 (Mar 29 ’17) 6,552.00 (Mar 23 ’17) 2.50% Prices Weighted Average Deposit Rate 5.08% (Feb ’17) 5.13% (Jan ’17) 0.05% Weighted Average Lending

Import orders double in five months Overall import orders almost doubled in the first five months of this fiscal year as opening letters of credit (LC) for bulk purchase for Rooppur Nuclear Power Plant (NPP) gave a spurt. By official count, the opening of LCs, generally known as import orders,

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.54% (June 21 ’18) 3.85% (June 14 ’18) 0.31% Call Money Lending (Crore BDT) 5,192.90 (June 21 ’18) 6,494.35 (June 14 ’18) 20.04% Prices Weighted Average Deposit Rate 5.43 (Apr ’18) 5.30% (Mar ’18) 0.13% Weighted Average Lending