BB defers readjustment of ADR by six months: Banks get until year-end to check higher advances to address liquidity crunch The central bank extended time for six months to December for banks to execute its revised advance- deposit ratio (ADR), apparently as the measure yielded chain effects like credit squeeze,

Default loan rises by Tk12,000 crore The total value of defaulted loans rose by almost one-fifth last year. Defaulted loans rose to Tk74,303 crore in 2017 from Tk62,172 crore in 2016– a year-on-year rise of Tk12,131 crore or 19.5%. As a proportion of the total outstanding loans, defaulted loans accounted

RAKUB recovers Tk 1.79 billion outstanding loans Rajshahi Krishi Unnayan Bank (RAKUB) has recovered outstanding loans worth Tk 1.79 billion (Tk 179 crore), including classified loan of Tk 290 million (Tk 29 crore), through its Victory Fair (Bijoy Mala). The bank arranged the two-day fair in all its 378 branches

City Bank to set up new subsidiary company The City Bank Ltd has informed that the Board of Directors has decided to set up a new subsidiary Company in Hong Kong and obtain money lender license. This is subject to approval from Bangladesh Bank and regulator in Hong Kong. City

Bigger bank board is no guarantee of profitability: Study The size of the board of directors of a bank does not have any impact on its performance both in terms of Return on Equity (RoE) and Return on Investment (RoI), according to a study conducted by the Bangladesh Institute of