Import payment surges 20pc in Mar on Ramadan Import bill payment in March surged by 20.46 per cent year-on-year due to a rise in payment of bills for food products imported to meet up demand in the upcoming Ramadan, the fasting month for Muslims. According to the latest Bangladesh Bank

Liquidity Crisis: From banks to many fronts Bangladesh economy showed resilience even during the global financial crisis that began in 2008. The economy grew by 6.3 percent on average for more than a decade. The growth rate was over 7 percent in the last two fiscal years. Bangladesh’s gross national

Excise duty on bank accounts to double next fiscal year The government is considering doubling the excise duty on bank accounts with large debit or credit balance in fiscal 2017-18 to boost revenue collection. Accounts with balance between BDT 0.1 million and BDT 1.0 million at any time of a

BB asks BIAC, ABB to draft guideline on NPL recovery Bangladesh Bank (BB) has recently moved to formulate a guideline for realisation of non-performing loans (NPLs) in the banking sector and make amendment to relevant laws. During a recent tripartite meeting held at its head-office, the central bank has asked

Money market: BDT demand falls after slashing CRR The demand for Bangladesh Taka (BDT) in the country’s money market fell recently as slashing the cash reserve requirement (CRR) by the central bank of Bangladesh. After improving supply of fresh funds, the weighted average inter-bank call money rate and weighted average