Surplus funds in banks hit Tk 1.0tn Banks’ excess liquidity has crossed the Tk 1.0 trillion-mark again, fuelled by lower private credit growth in a sign that the investment situation has cooled. Surplus cash surged by nearly 19 per cent to Tk 1,056.46 billion as on December 31, 2019 from

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.50% (Dec 20 ’18) 3.93% (Dec 13 ’18) 0.57% Call Money Lending (Crore BDT) 6,428.38 (Dec 20 ’18) 7,909.40 (Dec 13 ’18) 4.61% Prices Weighted Average Deposit Rate 5.25% (Dec 20 ’18) 5.27% (Dec 13 ’18) 0.02% Weighted

3,521 client-complaints against banks in FY17 Clients lodged a total of 3,521 complaints with the Bangladesh Bank against the commercial banks, mainly related to general banking issues, in the last fiscal year of 2016-2017, a report of the central bank revealed on Sunday. The number of complaints, however, dropped by

Trade deficit continues to widen Trade deficit almost doubled to USD 8.62 billion in the first half of the fiscal year as fears of depreciation of the BDT and pressure on foreign reserves mount. If the trend continues, the trade gap will surpass USD 19 billion this fiscal year, said

No need for new banks Setting up three more new banks will not bring any good for the banking sector as the existing ones are already weighed down by large volume of non-performing loans, said a former finance minister yesterday. M Syeduzzaman said: “57 banks are too many considering the