Move to rid Banks of NPL burden The central bank has moved to form an asset management company to deal with the growing non-performing loans (NPLs) of banks, as part of its efforts to perk up the ailing sector. The development comes following recommendation from a six-member committee formed two

Land Phone connection Free from Next Week Getting a new landline connection would be free of cost from next week as the government looks to bring users back to wire-connected telephony and give a shot in the arm to struggling Bangladesh Telecommunications Company Ltd. The decision came at a meeting

Interest rate spread narrows slightly Overall spread between lending and deposit interest rates further narrowed slightly, as of September, as country’s commercial banks charged a little lower on loans, officials said. The weighted average spread between lending and deposit rates offered by the commercial banks came down to 4.76% in

Bangladesh Bank responsible for $81 million heist: RCBC The Philippines bank through which $81 million stolen from Bangladesh’s central bank was channeled in February today said that the central bank was responsible for the heist, and so any liability should not be passed on. Manila-based Rizal Commercial Banking Corp (RCBC)

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 5.05% (Sep 18’19) 5.05% (Sep 12’19) 0.00% Call Money Lending (Crore BDT) 5,075.11 (Sep 18’19) 5,620.90 (Sep 12’19) 9.71% Prices Weighted Average Deposit Rate 5.56% (July ’19) 5.56% (July ’19) 0.00% Weighted Average Lending Rate 9.59% (July ’19)