Ten banks overexposed by BDT 20.0 billion to stocks Ten banks have a total of BDT 20.0 billion overexposure to the capital market, but will not need to sell shares to adjust the amount in line with regulatory limit. Bangladesh Bank says it will provide the banks with all necessary

Forex reserves cross USD 29.0 billion Bangladesh’s foreign exchange reserves crossed the USD29-billion mark mainly due to a dearth of investment. The amount stood at USD 29.1 billion yesterday, which is sufficient to meet the country’s import bills for 9.41 months, an official of Bangladesh Bank said the figure is

Bangladesh Bank wants account of all banks’ rescheduled loans The central bank, now under a recast management following a big cyber-heist, has sought information on both rescheduled and restructured loans from all the banks for a reappraisal. Official sources said the stocktaking of bailed-out loan portfolios is meant for assessing

Government rejects World Bank projection on Bangladesh GDP growth The government rejected Tuesday the World Bank’s “lower” economic growth projection for Bangladesh during the current financial year (2015-16). In a resentful rebuttal, the planning minister raised question about the data- collection method followed by the Washington-based development financier to measure

Credit growth exceeds MPS target Private sector credit growth rose sharply to 14.8% in the first month of current year surpassing the three year’s high of 14.2% growth achieved in December last. The new height of growth touches the credit ceiling of 14.8% set for June in the latest Monetary