Banks asked to limit single borrower exposure Bangladesh Bank has asked all scheduled banks to bring down their overexposure to a single borrower limit, which is 25% of the bank’s capital, by December 31 this year. The banks that have provided funded loans to their single clients, exceeding the ceiling,

Forex reserves cross USD 30.0 billion-mark Country’s foreign exchange (forex) reserves crossed the USD 30.0- billion mark Monday principally as the global market slump lowered import-payment pressures on the economy. The forex reserves rose to USD 30.001 billion on the day, setting a new record, from USD 29.86 billion of

Non-performing loans jump over 21pc to stand at Tk 621.72b in last calendar year The non-performing loans (NPLs) jumped by more than 21 per cent or Tk 108.01 billion in the last calendar year despite close monitoring by the central bank. The amount rose to Tk 621.72 billion as on

Loan from saving instruments to increase in FY’17 The government’s loan from sale of saving instruments may increase over 33% in next fiscal year despite it being costlier than bank borrowing. This fiscal year too, the loan from saving instruments has already increased to BDT 280.0 billion exceeding the target

BB asks banks to install auto-lock in all branches Bangladesh Bank on Sunday asked scheduled banks to install auto-lock system at all of their branches to strengthen security. The BB issued a circular to managing directors and chief executive officers of all banks asking them to set up the auto-lock