Interest rate on deposits now below inflation Interest rate on deposits slid below the 5-percent mark and well under the inflation rate, compounding the woes of savers who have already been hit by a large hike in excise duty on their balances. In April, weighted average deposit rate stood at

Banks asked to keep adequate cash at ATMs during Eid vacation Bangladesh Bank on Sunday asked commercial banks to keep adequate cash in their automated teller machines so that their clients can withdraw money round the clock during Eid-ul-Azha holidays. The three-day Eid holidays will begin on September 1. If

IFC supports BB for Domestic Green Bond Mkt International Finance Corporation [IFC], a member of the World Bank Group, in partnership with Bangladesh Bank, identified steps to promote the domestic green bond market in Bangladesh as a way to mobilize capital for climate-related initiatives. A joint study, funded by the

Finance ministry reviews legality of disclosing names of loan defaulters in media The Financial Institutions Division of the Ministry of Finance is currently reviewing the legal aspects of disclosing the names of top loan defaulters in the country. The names would be published as advertisements in daily newspapers, as a

Prime Minister launches e-passports The introduction of e-Passport will brighten the image of Bangladesh further in the digital world, Prime Minister Sheikh Hasina said on Wednesday. Sheikh Hasina said Bangladesh has advanced one more step in the digital era with undertaking the e-Passport project. Noting that 118 countries have already