Downward revision of savings tools’ yield rates likely The government will review and re-fix soon the yield rates of different national savings certificates aiming to make them time-befitting, officials said. The finance minister in a letter on Tuesday last asked the senior secretary of the finance ministry to fix the

Banks’ NPLs likely to swell further in next quarters The volume of non-performing loans (NPLs) in the country’s banking sector might even grow bigger at the end of the current quarter (July-September), some senior bankers have expressed the fear. The bankers have a feeling that some borrowers would default on

All banks must make e-payment by yearend The central bank asked commercial banks to provide EFT (Electronic Funds Transfer) and Real Time Gross Settlement (RTGS) services from all branches by December 31. To this effect, the Bangladesh Bank (BB) issued a circular Monday, asking the managing directors and chief executive

No change in Bangladesh Bank’s key policy rates Country’s latest half-yearly monetary policy kept the key rates and programmes on the financial front unchanged as the central bank believes the existing hallmarks match the expected economic growth and combat against inflation risks. However, the monetary policy statement (MPS) rolled out

Agent banking getting popular with remitters Remittance inflow through agent banking rose significantly in the first quarter of 2017 as the service is increasingly gaining ground thanks to its cost-effectiveness. Banks received BDT 2.6 billion from January to March through agent banking channel whereas the network brought home BDT 309