Bangladesh Bank tightens monitoring banks’ stock investment amid market boom Bangladesh Bank has asked for stock market transaction data of banks and their subsidiaries on a weekly basis, instead of fortnightly, while stock regulator has become ‘worried’ amid the relentless boom in the capital market in last few weeks, said

Bank clients fret over govt move to hike excise duty on deposits Bank clients with relatively small-sized savings are worried as the government is set to hike excise duty on deposits in banks and financial institutions by up to 100 per cent in the national budget for the next fiscal

Interest rate for lending cut to 9.7% in March Scheduled banks cut their rates of interest on lending further in March, the 27th month in a row, as the business people were reluctant to borrow from banks amid a dull business situation in the country, said Bangladesh Bank officials. The

Loss-making exchange houses of banks are being turned into agent banks Banks are working to turn their exchange houses into agent banks as their overseas operations have largely flopped. The central bank has so far allowed banks to open 67 exchange houses overseas to facilitate remittance sent to Bangladesh. Of

Bailout fund for scam-hit state-owned banks again The government is likely to set aside Tk 1500 crore in the upcoming national budget in bailout fund for scam-hit state-owned banks despite opposition from experts, think-tanks and right groups. The proposed allocation is, however, Tk 500 crore less than the bailout fund