Bangladesh Bank cuts mobile banking ceiling to check scams The central bank cut down transaction ceiling on mobile banking to check illegal financial operations through misusing the quick-fire mobile financial services (MFS). Under the restricted provisions, daily maximum transaction limit on cash-in came down to BDT 15,000 from BDT 25,000

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.53% (May 22’19) 4.53% (May 15’19) 0.00% Call Money Lending (Crore BDT) 4,534.35 (May 22’19) 5,434.51 (May 15’19) 16.56% Prices Weighted Average Deposit Rate 5.42% (May 23’19) 5.30% (May 16’19) 0.12% Weighted Average Lending Rate 9.46% (May 23’19)

Banks asked to help flood-hit people Bangladesh Bank on Wednesday requested all banks and non-bank financial institutions to extend their assistance for rehabilitation of the flood affected people under the corporate social responsibility programme. The BB issued a circular to managing directors and chief executive officers of all banks and

BB issues guidelines for treasury bonds buy-back Bangladesh Bank (BB) has issued a 16-point guideline to undertake buy-back programme for the government treasury bonds or bills aiming to reduce the number of government securities, reports BSS. To keep pace with the other countries of the world, the government is going

BB to bend rules for banks to invest beyond limit Banks may be allowed to break the barrier and lend beyond 25 per cent of their paid-up capital to single borrowers to facilitate installation of large power plants. Sources said the Bangladesh Bank (BB), in this case of government priority,