Taka deflates more against US dollar The exchange rate of the local currency depreciated further against the US dollar on Wednesday after 22 days despite the central bank’s foreign currency support to the commercial banks. The exchange rate of Bangladesh Taka (BDT) depreciated by two paisa on the day against

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.48% (Jan 23’19) 4.16% (Jan 16’19) 0.32% Call Money Lending (Crore BDT) 6138.38 (Jan 23’19) 7261.39 (Jan 16’18) 15.47% Prices Weighted Average Deposit Rate 5.26% (Jan 24’19) 5.30% (Jan 17’19) 0.04% Weighted Average Lending Rate 9.49% (Jan 24’19)

Al-Arafah bank sells 10.0% stakes The Islamic Corporation for the Development of the Private Sector or ICD, the private sector financing arm of the Islamic Development Bank, yesterday announced investment of about BDT 1.55 billion to acquire 10.0% stakes in Bangladesh’s Al-Arafah Islami Bank. Al-Arafah Islami Bank will issue around

Interest rates on bank deposits increase Interest rates on bank deposits increased further following higher credit growth particularly in private sector, officials said, citing latest disclosure. The weighted average interest rate on deposits rose to 4.93 per cent in August 2017 from 4.89 percent in July, according to the central

Banking needs met anytime, anywhere Presently, about 40 out of the 57 banks in Bangladesh offer the internet banking facility. But of the 40, five — City, EBL, Mutual Trust, Brac and Standard Chartered — have taken the online banking service to the next level: they have rolled out an