Review cap on credit card interest About 70.0% of credit card-users pay off their loans before incurring any interest, leaving banks to rely on the remainder to make profits, said bankers. The proposed 5.0% cap on interest rate of consumer loans will take a toll on earnings, as the cost

BB to crack down on habitual defaulters The central bank has moved to reform the existing acts to clamp down on habitual defaulters, whose tendency to go to courts to stall paying back loans has sent the sector’s non-performing loans to an alarming level. As of September last year, the

Core index hits fresh nine-month high The core index of the prime bourse on Tuesday hit fresh nine months high, as investors showed their buying appetite on financial issues. Market analysts said investors were active on both sides of trading fence, taking the market turnover above Tk 11 billion-mark for

Singapore keen to invest in financial sector A high-powered business delegation from Singapore yesterday showed keen interest to invest in the banking and financial sector as it offers immense growth potential. “There is business potential for foreign banks in Bangladesh and a few international banks already operate here,” said Teo

Investors upbeat on large cap sectors The Dhaka bourse Wednesday continued its gaining streak for the third consecutive session riding on investors’ buying spree on the ‘lucrative’ large cap sectors. On the day the Dhaka Stock Exchange (DSE) opened with a very positive mood and gained almost 16 points within