Banks to inject BDT 175.5 billion into rural economy anew The country’s commercial banks will disburse BDT 175.5 billion in the countryside this fiscal year under an agricultural and rural credit policy and program announced Sunday. As per the new policy, unveiled by the central bank, all local private commercial

Contractionary monetary policy on the cards Bangladesh Bank is preparing a contractionary monetary policy statement (MPS) for the second half of the current fiscal year to control the supply of credits and inflation in a bid to maintain economic stability, according to officials. To ensure price stability and gain public

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 5.15 % (Mar 12’20) 5.08% (Feb 26’20) 0.07 % Call Money Lending (Crore BDT) 1,592.84 (Mar 12’20) 2,089.65 (Feb 26’20) 14.79 % Prices Weighted Average Deposit Rate 5.69% (Mar ’12) 5.70% (Feb ’20) 0.01 % Weighted Average Lending

Six banks under BB scanner The central bank has brought around half-a-dozen commercial banks under its close monitoring after it detected anomalies in their recent share market activities. As part of the move, the Bangladesh Bank (BB) has already sought explanation from the banks on activities along with exceeding their

Dhaka Bank, IPDC sign deal with BB Dhaka Bank and IPDC Finance Limited signed an agreement with Bangladesh Bank (BB) under ‘Refinance Scheme for Small and Medium Enterprise Development Project’ in the city on Wednesday. General Manager, Financial Inclusion Department of Bangladesh Bank & Project Director of (SMEDP-2) Md Abul