Banks face pressure as customers withdraw cash before Eid Banks saw a significant rush of clients withdrawing cash to meet their festival-related expenditures ahead of the three-day Eid-ul-Azha vacation beginning from tomorrow (Friday). Over the last two days, the banks in the metropolis were packed with clients withdrawing money, especially

Import orders double in first half of fiscal year Import orders almost doubled in the first half of the fiscal year thanks to bulk purchase for the Rooppur nuclear power plant. In the first six months of fiscal 2017-18, $40.23 billion worth of letters of credit were opened, up 74.76

Money Market   Parameters Current Period Earlier Period Change   Average Call Money Rate 4.17% (Feb 06’19) 4.47% (Jan 30’19) 0.30%   Call Money Lending (Crore BDT) 6590.52 (Feb 06’19) 4870.02 (Jan 30’19) 35.33% Prices Weighted Average Deposit Rate 5.26% (Feb 07’19) 5.26% (Jan 31’19) 0.00% Weighted Average Lending Rate

PCBs to map out strategy for cutting soured loans Private commercial banks (PCBs) will devise strategies for curbing the volume of non-performing loans (NLPs) in the banking system. Chairman of the Association of Bankers, Bangladesh (ABB) Syed Mahbubur Rahman has been assigned to make a ‘working paper’ in this connection

Banks brimming with liquidity Country’s scheduled banks stayed overstuffed with liquidity as their liquid assets increased 6.0 per cent to cross Tk 2.78 trillion as of November 2016 compared to June. By official count, the June figure was Tk 2.62 trillion. The volume of banks’ liquid assets was Tk 1.24