Submit action plans to bring down ADR limit: Bangladesh Bank asks banks The central bank has asked the banks to submit their specific action plans to its department concerned by April 30 to help bring down the advance-deposit ratio (ADR) limit at required level, officials said. The banks, having the

Deposit rates in reverse course as liquidity problem deepens The interest rate on term deposits has reached double digit after about a couple of years as the banks are now out of comfort zone, as far as their liquidity position is concerned. The overall deposit rates started creeping up since

Remittance inflow falls 17pc in July-March The overall remittance inflow has dropped by nearly 17 per cent or US$ 1.86 billion in the first nine months of this fiscal year (FY), 2016-17, against the same period of the previous fiscal. The remittance receipts came down to $9.19 billion during the

Operating profits of PCBs show upturn Operating profit of the country’s private commercial banks (PCBs) showed an upturn in the first six months of the current calendar year. Of the 39 PCBs, 13 marked an upward trend in operating profits while only one witnessed a downturn, according to provisional data

Bank directors’ tenure likely to be raised The government is going to amend the Bank Company Act increasing the tenure of directors of private commercial banks to nine years divided in three terms. Besides, the private bank board can also have four members from an owner family as directors as