Bangladesh Bank (BB) asks banks to frame code of conduct The central bank of Bangladesh has asked all financial institutions (FIs) operating in the country to prepare their respective ‘Code of Conduct’ by January 31, 2018 for ensuring transparency and accountability in delivering products and services. The Bangladesh Bank (BB)

Banks in tight race as rates slide Lenders are locked in a stiff competition to bag clients with good track record, according to industry players. If a lender offers a borrower a loan at 9% interest rate, another bids to hook the client at 8.5%. Even then, the second lender

Sales of savings tools on the rise Net sales of savings certificates rose 8.49 percent year-on-year to Tk 17,315 crore in the first four months of the fiscal year as savers’ appetite for the high-yielding tools shows no sign of fading. In July-October, the government’s borrowing through the savings instruments

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.48% (Aug 01’19) 3.67% (Jul 24’19) 22.07% Call Money Lending (Crore BDT) 8,653.08 (Aug 01’19) 9,266.60 (Jul 24’19) 6.62% Prices Weighted Average Deposit Rate 5.43% (Aug 01’19) 5.46% (Jul 18’19) 0.55% Weighted Average Lending Rate 9.48% (Aug 01’19)

No of mobile subscribers rise for 2nd month after June-August setback The number of active mobile subscribers rose for the second month in October with telecom operators adding 0.9 million users in the month as the issue of biometric re-registration of SIM settled down, said BTRC officials. The total number