Six banks face BDT 60.6 billion in provision shortfall Six banks including scam-hit BASIC and Sonali banks faced provision shortfall of BDT 60.6 billion against their general and defaulted loans as of March 30, 2016. Another four banks which failed to keep required provision are Janata Bank, Bangladesh Commerce Bank,

‘Limited knowledge of cybersecurity the reason behind BB heist’ The Bangladesh Bank cyberheist was the result of limited knowledge about the importance of cybersecurity in today’s world, said former Bangladesh Bank governor Atiur Rahman.“This incident could have been avoided if we had the proper idea about cybersecurity,” he said in

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.83% (May 24 ’17) 3.79% (May 18 ’17) 0.04% Call Money Lending (Crore BDT) 6,295.00 (May 24 ’17) 7,142.00 (May 18 ’17) 11.86% Prices Weighted Average Deposit Rate 5.01% (Mar ’17) 5.08% (Feb ’17) 0.07% Weighted Average Lending

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.83% (May 17 ’17) 3.77% (May 11 ’17) 0.06% Call Money Lending (Crore BDT) 6,949.00 (May 11 ’17) 6,787.00 (May 11 ’17) 2.39% Prices Weighted Average Deposit Rate 5.01% (Mar ’17) 5.08% (Feb ’17) 0.07% Weighted Average Lending

BD seeks $6.4b Chinese fund for new projects Bangladesh now wants Chinese funds for nine new projects worth US$ 6.4 billion. The Economic Relations Division has recently sent a letter to the Chinese government seeking investment fund for these projects, said finance ministry officials. The government sought $1.6 billion for