Deposits in school banking accounts rise to Tk 1,100cr Total deposits in the bank accounts owned by schoolchildren in the country increased to Tk 1,100.37 crore as of March 31, 2017 from that of Tk 1,020.79 crore as of December 31, 2016.A Bangladesh Bank official told New Age on Thursday

Dhaka Bank, IPDC sign deal with BB Dhaka Bank and IPDC Finance Limited signed an agreement with Bangladesh Bank (BB) under ‘Refinance Scheme for Small and Medium Enterprise Development Project’ in the city on Wednesday. General Manager, Financial Inclusion Department of Bangladesh Bank & Project Director of (SMEDP-2) Md Abul

Six banks under BB scanner The central bank has brought around half-a-dozen commercial banks under its close monitoring after it detected anomalies in their recent share market activities. As part of the move, the Bangladesh Bank (BB) has already sought explanation from the banks on activities along with exceeding their

Banks play hide-n-seek with default loan figures Four state-run banks hid the real information about the BDT 40.7 billion loan default at the fourth quarter in December. According Bangladesh Bank’s (BB) latest report, the default loans in last three months amounted to BDT 112.4 billion. After December, the figure stood

Lending rates cut further to 9.8% Scheduled banks cut their rates of interest on lending further in February, the 26th month in a row, as the businesspeople were reluctant to borrow from banks amid a dull business situation in the country, said Bangladesh Bank officials. The rates of interest on