Banks get a boost from Eid sales thru’ credit cards Banks are offering discounts on home appliance purchases through credit cards this Eid-ul-Azha as they look to cash in on the shopping frenzy surrounding the religious festival. Typically around the time of Eid-ul-Azha, the demand for refrigerators and freezers soars,

Remittance inflow rises by 11 per cent in July The monthly remittance inflows increased by almost 11 per cent to $1.12 billion in the first month of the current fiscal year 2017-18 compared with the same month of the last FY 2016-17. In July last year, the amount of inward

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.27% (Sep 19 ’18) 4.24% (Sep 11 ’18) 0.03% Call Money Lending (Crore BDT) 7,100.20 (Sep 19 ’18) 8,060.33 (Sep 11 ’18) 11.91% Prices Weighted Average Deposit Rate 5.4% (July ’18) 5.5% (June ’18) 0.10% Weighted Average Lending

Banks, NBFIs sign deals to disburse JICA funds A band of 25 banks and 10 non-banking financial institutions (NBFIs) signed participatory agreements with the central bank Monday to disburse funds under a JICA scheme. The main objective of the Urban Building Safety Project (UBSP) is to strengthen RMG building safety

Monetary Policy Statement (MPS) silent on NPL, capital flight Country’s apex trade body, FBCCI, said the just-announced monetary policy statement (MPS) is devoid of direction over major financial flaws like non-performing loans (NPLs) and capital flight. Some other staggering issues like undisclosed money and cuts in the rates of interest