Shimanto Bank listed as scheduled bank Bangladesh Bank on Wednesday said that Shimanto Bank Ltd was registered in the list of scheduled banks from July 21 this year. The BB issued a circular to managing directors and chief executive officers of all banks informing that the issue of listing of

Taka depreciates significantly The exchange rate of Bangladesh Taka (BDT) depreciated significantly against the US dollar at the customers’ level on Tuesday, mainly in case of clearing import payment obligations, according to the market operators. The local currency depreciated by 0.37 per cent or 30 paisa against the US currency

Farm loans disbursement soars in 2 months Farm loans disbursement registered a 35.46 per cent growth in the first two months of this fiscal year (2017-18), compared with that in the same period of FY 2016-17. Banks disbursed Tk 2,794.05 crore in farm loans in the July-August period of FY18

Govt for stricter performance criteria for state-run banks The government is considering punitive actions against officials of eight state-run banks for dispensing bad loans to little known clients, the Bank and Financial Institutions Division has said. The authorities concerned are also contemplating the idea of revealing the names of top

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.91% (Jul 05 ’17) 4.03% (Jun 28 ’17) 0.12% Call Money Lending (Crore BDT) 6,449.00 (Jun 28 ’17) 7,966.00 (Jun 28 ’17) 19.04% Prices Weighted Average Deposit Rate 4.97% (Apr ’17) 5.01% (Mar ’17) 0.13% Weighted Average Lending