Agent banking getting popular with remitters Remittance inflow through agent banking rose significantly in the first quarter of 2017 as the service is increasingly gaining ground thanks to its cost-effectiveness. Banks received BDT 2.6 billion from January to March through agent banking channel whereas the network brought home BDT 309

No change in Bangladesh Bank’s key policy rates Country’s latest half-yearly monetary policy kept the key rates and programmes on the financial front unchanged as the central bank believes the existing hallmarks match the expected economic growth and combat against inflation risks. However, the monetary policy statement (MPS) rolled out

Inflation worry forces BB to squeeze credits The central bank unveiled Monday a new monetary policy that limits credit flow to check inflation and improve country’s financial stability while promoting job-centric economic growth. Bangladesh Bank (BB) Governor Fazle Kabir announced the monetary policy statement (MPS) for the January-June period of

8 banks face huge provision shortfall As of September, provision shortfall of the eight banks stood at Tk4,381 crore, declining from Tk 4,445 crore in June, according to the Bangladesh Bank data. Though the number of banks having provision shortfall has increased in July-September quarter, the total amount of shortfall

Remittance through MFS falls in April Inward remittance through mobile financial services has declined 2.7% to BDT 75.0 million in April from March, according to the latest Bangladesh Bank data. In March the amount of the country’s inward remittance through MFS was BDT 77.0 million. The data shows that the