Banks opt for bonds to raise capital Banks are opting for bonds to raise their capital in line with Basel III requirements for their cost-effectiveness, instead of floating more shares on the stockmarket. In the past two years, 14 banks have issued subordinated bonds worth Tk 6,400 crore to strengthen

Remittance rebounds Remittance rebounded in October after hitting a seven-year low the previous month, bringing a sigh of relief for the government. The Bangladeshi diaspora sent home $1.16 billion last month, up 14.85 percent from a year earlier and 35.83 percent from the previous month, according to data from the

Amendment to banking companies act placed in parliament The Banking Companies (Amendment) Act-2017, which allows the doubling of the number of directors in a bank’s board from a single family and extends the tenure of directors, was placed in the parliament yesterday. The proposed law has now been forwarded to

Ensuring quality credit gets top priority in next MPS Ensuring the quality of credit to achieve maximum economic growth by the end of this fiscal gets top priority as the central bank prepared to formulate country’s next monetary policy. Officials said the priority was suggested at an internal preparatory meeting

Banks asked not to concentrate loans in few businesses Bangladesh Bank on Sunday asked the country’s commercial banks not to concentrate their loans in a particular sector or a few corporate groups with a view to protecting the banks’ financial health. The central bank also asked private commercial banks to