HSBC announces 10pc interest rebate for good borrowers The central bank has warned that it will not spare any bank if it fails to follow its directive to pay a 10 percent rebate on realised interest to all good borrowers. “Every bank must give incentives to its borrowers with regular

Nonperforming loans on the rise Nonperforming loans in the banking sector are on the rise this year on the back of increasing tendency of habitual defaulters to file writ petitions, which stall the loan recovery process. At the end of last year, the sector’s NPL ratio stood at 9.23 percent,

BB set to revise credit card guidelines The central bank is set to modify the guidelines on credit card operations, allowing the banks to fix the interest rate on card users on the basis of any loan instead of consumer credit.The banks have already been asked not to charge more

World Bank’s response to Dhaka Tribune report The letter claims that the World Bank has not sent any letter alone, or jointly with the IMF World Bank has sent a letter to Dhaka Tribune refuting statements made in a Dhaka Tribune report titled “World Bank, IMF unhappy with VAT law

BB revises banks’ investment limit in bonds Bangladesh Bank on Wednesday revised ceiling on banks’ investment in bonds and debentures in line with Bank Company Act (amended) 2013. The BB issued a circular to managing directors and chief executive officers of all banks saying that they (banks) would be allowed