Central bank warns NBFIs against irregularities The central bank warned the non-banking financial institutions (NBFIs) against irregularities over lending and concealing information in reporting their financial affairs. The fresh warning came at a meeting of the chief executive officers (CEOs) and managing directors (MDs) of NBFIs with Bangladesh Bank (BB)

Exports rise 3.9pc in July-April Exports grew a modest 3.92 percent year-on-year to $28.72 billion in July-April, riding on shipments of knitwear, home textiles, leather products and jute. Month-wise, it also rose nearly 3.49 percent to $2.78 billion in April compared to the same month a year ago, according to

BB asks banks to report daily international card transaction Bangladesh Bank has asked the authoritised foreign exchange dealers to record every transaction made through international credit or other cards on daily basis. The central bank issued a letter to foreign exchange departments of banks on Sunday to make records under

Banks’ profits surge on political calm Political stability has helped banks earn handsome operating profits in 2016 despite a sharp fall in lending rates, data collected from different banks showed. Some new banks recorded more than 200.0% rise in operating profits, while struggling Premier Bank saw 78.0% growth. Largest private

Bangladesh Bank issues guidelines on banks’ credit card operation Bangladesh Bank has asked the scheduled banks not to impose rate of interest on credit cards more than 5.0% on the highest rate of interest they (banks) offer for other consumer loans. For example, if a bank offers consumer loans at