Banks’ interest rate spread falling A declining trend of interest rate spread in the country’s banking sector continued until November, as the commercial banks slashed their interest rates more on lending than on deposits, officials said. The weighted average spread between lending and deposit rates offered by the banks came

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.80% (Nov 15 ’17) 3.87% (Nov 08 ’17) 0.07% Call Money Lending (Crore BDT) 5,686.00 (Nov 15 ’17) 5,662.00 (Nov 08 ’17) 0.42% Prices Weighted Average Deposit Rate 4.90% (Sep ’17) 4.93% (Aug ’17) 0.03% Weighted Average Lending

BB developing collateral database to stop forgery The central bank is developing a collateral information system incorporating data on immovable properties which are used for getting loans aiming to prevent document forgery, officials said. The Bangladesh Bank has taken the initiative as dishonest people nowadays increasingly use forged documents and

Government rejects World Bank projection on Bangladesh GDP growth The government rejected Tuesday the World Bank’s “lower” economic growth projection for Bangladesh during the current financial year (2015-16). In a resentful rebuttal, the planning minister raised question about the data- collection method followed by the Washington-based development financier to measure

Loans historically cheap, but not many takers Loans in many categories have now come down to a historical low of single digits, playing into businesses’ hands — and yet the demand for credit and investment is not picking up. Be it term loan, corporate loan, home loan or working capital,