BB issues new rules on hiring CFO, CITO for banks The central bank has introduced a new set of regulations on appointment of chief financial officer (CFO) and chief information technology officer (CITO) of the banks to ensure good governance in the banking system. Under the new regulations, minimum 12

Inflation crawls down Inflation came down 9 basis points to 6.39 percent in June on the back of a decline in food prices, according to Bangladesh Bureau of Statistics. In the international market, the prices of various consumer items, including sugar, edible oil and lentil, witnessed a decline. Alongside, the

July-Jan trade deficit soars 92pc to $10.12b The country’s overall trade deficit crossed US$10-billion mark in the first seven months of the ongoing fiscal year (FY), 2017-18, mainly due to higher import payments against lower export receipts, officials said. The deficit rose by nearly 92 per cent or $4.84 billion

Credit binge squeezes banks’ liquidity The overall excess liquidity with the country’s banks shrank by nearly 18 per cent or Tk 154.61 billion by January, mainly for a lending binge against a deposit dearth. Selling the US dollar by the central bank also contributed to the trimming of their excess

Pvt sector credit growth increases further Private sector credit growth increased further in January due to higher short-term loans, availed particularly by the corporate entities, for settling their foreign currency liabilities with the banks. The growth in private sector credit flow rose to 15.61 per cent in January 2017 on