BD seeks $6.4b Chinese fund for new projects Bangladesh now wants Chinese funds for nine new projects worth US$ 6.4 billion. The Economic Relations Division has recently sent a letter to the Chinese government seeking investment fund for these projects, said finance ministry officials. The government sought $1.6 billion for

BB signs MoU with ICT Division The ICT Division and Bangladesh Bank [BB] signed a Memorandum of Understanding [MoU] on Monday, aiming to implement an ‘Interoperable Digital Transaction Platform [IDTP]’ in order to accelerate FinTech and digital financial inclusion. BB Deputy Governor Ahmed Jamal and senior secretary of ICT Division

BB approves changes in SIBL top brass hurriedly Bangladesh Bank has hurriedly approved the newly elected board members and managing director of Social Islami Bank following Chittagong-based S Alam Group’s move to tighten its grip on the private commercial bank. The BB on Monday evening approved the appointment of new

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.83% (May 17 ’17) 3.77% (May 11 ’17) 0.06% Call Money Lending (Crore BDT) 6,949.00 (May 11 ’17) 6,787.00 (May 11 ’17) 2.39% Prices Weighted Average Deposit Rate 5.01% (Mar ’17) 5.08% (Feb ’17) 0.07% Weighted Average Lending

Seven errant banks seek exoneration from penalty Seven commercial banks have appealed to the central bank’s board of directors to waive the financial penalty imposed on them for violating the rules relating to share-market investment. According to the officials, their petitions may be included in the agenda for the board