Interest rate spread falls to 4.7% in October Overall interest rate spread in the country’s banking sector fell further slightly in October, as the commercial banks slashed their interest rates on lending more than on deposits, officials said. The weighted average spread between lending and deposit rates, offered by the

No witch-hunting: new Islami Bank chairman assures staff The new management of Islami Bank will not indulge in any “witch hunting” of its employees, its Chairman Arastoo Khan said yesterday. One can vote for any party, but it must not reflect on employees’ professional activities, he said after a meeting

Bangladesh Bank warns banks not to cut interest on deposit Bangladesh Bank on Tuesday asked banks to take initiatives to prevent the rates of interest on deposits from further falling. The BB issued a circular to the managing directors and chief executive officers of all banks saying that the spread

MoF-Bangladesh Bank joint body to recover BDT 96.69 billion from 25 top defaulters A joint committee of the Ministry of Finance (MoF) and the Bangladesh Bank (BB) will be formed to realize BDT 96.69 billion from 25 top default companies. The main tasks of the proposed panel will be to

Government earnings from DSE soar 174.0% in Q1 The government revenue earnings from the Dhaka bourse marked a 174.0% rise in first quarter (Q1) for July-September period of the current fiscal year compared to the same quarter a year ago as trading volume was on the rise. Market insiders said