Banks face tighter stock market rules The central bank has tightened its reporting requirements on capital market activities for banks and its subsidiaries to monitor the market closely. Under the revised provisions, the banks will have to submit their consolidated reports on capital market activities on a weekly basis instead

Consumer loans see steep rise Consumer financing by the banking sector saw a significant rise during the last year thanks to falling lending rates and rising purchasing power of the country’s middle-class. Consumer credit rose 28.22% year-on-year to BDT 369.83 billion in 2016 from BDT 288.43 billion a year ago,

BDT rises notably against US$ for importers The exchange rate of Bangladesh Taka (BDT) appreciated significantly against the US dollar on Wednesday for importers, as the central bank sold US$ 38 million to the banks, market operators said. The local currency appreciated by 0.23 per cent or 19 paisa each

Private sector credit to grow sans change in policy rates The central bank under the changed management unveiled Tuesday its maiden monetary policy for the first half of the current fiscal year cautiously with key policy rates remaining unchanged. However, the policy expects credit to the private sector to go

Agriculture sector NPLs rise 14.0% in July-April The amount of classified loans in the agriculture sector increased by more than 14.0% or BDT 6.08 billion during the first 10 months of the ongoing financial year (FY), 2016-17, despite the central bank’s close monitoring. The non-performing loans (NPLs) of farmers rose