Submit action plans to bring down ADR limit: Bangladesh Bank asks banks The central bank has asked the banks to submit their specific action plans to its department concerned by April 30 to help bring down the advance-deposit ratio (ADR) limit at required level, officials said. The banks, having the

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.58% (Aug 9 ’17) 3.60% (Aug 2 ’17) 0.02% Call Money Lending (Crore BDT) 7,936.00 (Aug 9 ’17) 7,214.00 (Aug 2 ’17) 10.01% Prices Weighted Average Deposit Rate 4.84% (Jun ’17) 4.93% (May ’17) 0.09% Weighted Average Lending

Britain’s FCA fines Sonali Bank UK branch $4.04m Bangladesh’s Sonali Bank’s UK branch has been fined £3.25 million (US $4.04 million) for anti-money laundering failings. Britain’s Financial Conduct Authority (FCA) slapped the fine on the state owned bank of Bangladesh for its failures in anti-money laundering controls. Sonali Bank (UK),

BB orders surveillance on terror financing The central bank directed commercial banks to put up a close watch so that no one can use the banking channel for terror financing both at home and abroad. Such a strict instruction came from a conference of chief anti-money laundering compliance officials, generally

Banks now to get cheaper BB funds Bangladesh Bank has made funds cheaper for all banks by reducing its repo rate by 75 basis points to 6 percent. The decision was made yesterday, a couple of days after the BB slashed the cash reserve requirement or CRR by one percentage