Government to formalise mobile banking for remittance Planning Minister A H M Mustafa Kamal said on Sunday the government is going to formally allow sending remittance from overseas countries to Bangladesh through mobile banking system. “A significant volume of remittance is coming through the informal channels. Besides, the Bangladeshi expatriates

Interest rate spread falls to 4.7% in October Overall interest rate spread in the country’s banking sector fell further slightly in October, as the commercial banks slashed their interest rates on lending more than on deposits, officials said. The weighted average spread between lending and deposit rates, offered by the

BD may become 26th biggest economy in 2030 : HSBC Bangladesh, which currently occupies the 42nd position among global economies, in terms of size, is likely to improve its ranking, becoming the 26th largest in 2030. A long-term projection of the HSBC Global Research, unveiled recently, showed the possible economic

Stocks pass 6,000 points after over 3 years Dhaka stocks yesterday crossed 6,000 points for the first time in more than three years thanks to increased participation of buoyant investors going after banking stocks. The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), rose by 22 points, or 0.32

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.93% (Dec 18’19) 3.83% (Dec 11’19) 28.72% Call Money Lending (Crore BDT) 3,782.28 (Dec 18’19) 5,791.79 (Dec 11’19) 34.69% Prices Weighted Average Deposit Rate 5.60% (Aug ’19) 5.60% (Aug ’19) 0.00% Weighted Average Lending Rate 9.60% (Aug ’19)