Taka depreciates significantly The exchange rate of Bangladesh Taka (BDT) depreciated significantly against the US dollar at the customers’ level on Tuesday, mainly in case of clearing import payment obligations, according to the market operators. The local currency depreciated by 0.37 per cent or 30 paisa against the US currency

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.61% (Oct 31’19) 4.50% (Oct 23’19) 19.77% Call Money Lending (Crore BDT) 5,942.59 (Oct 31’19) 7,006.30 (Oct 23’19) 15.18% Prices Weighted Average Deposit Rate 5.60% (Aug ’19) 5.60% (Aug ’19) 0.00% Weighted Average Lending Rate 9.60% (Aug ’19)

Lending rate may start to come down in 6 months: bank CEOs Depending on deposit collection situation, the interest rate on bank loans may start to come down in six months when the reduced cash reserve ratio becomes effective, chief executives of a number of banks said on Sunday. The

Govt for stricter performance criteria for state-run banks The government is considering punitive actions against officials of eight state-run banks for dispensing bad loans to little known clients, the Bank and Financial Institutions Division has said. The authorities concerned are also contemplating the idea of revealing the names of top

Banks face tighter stock market rules The central bank has tightened its reporting requirements on capital market activities for banks and its subsidiaries to monitor the market closely. Under the revised provisions, the banks will have to submit their consolidated reports on capital market activities on a weekly basis instead