Banks’ provision shortfall shrinks by 18pc in Q4 The shortfall in provisions against loans, mostly classified ones, in the banking system has narrowed by over 18 per cent in the fourth quarter of 2019 on the back of lower growth in default loans. The overall shortfall came down to Tk

Call money rate falls to record low amid tepid demand The call money rate has plummeted to a record low, indicating the market is flush with liquidity with hardly any demand for credit. Data shows the weighted average call money rate was 8.16% in 1997, which came down to 7.37%

Don’t pull out funds from private banks: Bangladesh Bank (BB) Governor Bangladesh Bank Governor has sought the finance minister’s intervention to stave off pressure to withdraw government funds from private banks, which has been creating an artificial liquidity crisis and bumping up interest rates for lending. Citing the case of

State banks’ default loans cross Tk 55,000cr The amount of default loans of state-owned banks has reached Tk 55,095 crore as of January 2018, Finance Minister AMA Muhith yesterday told parliament. The government has taken various steps to identify the defaulting persons and organisations, he said while replying to a

Sept remittance hits 84-month low The inflow of remittance in September this year registered US$853.73 million, which was lowest in seven years. It was around $838 million in September 2010, according to the central bank figures. The remittance fell by $564.85 million or more than 39 per cent from the