Flood-hit people may reschedule their loans Bangladesh Bank (BB) issued Tuesday a fresh policy on rescheduling short-term agriculture, micro-credit and SME loans to help the flood-affected borrowers continue their economic activities. The banks were allowed to reschedule such loans based on ‘banker-client’ relationship through relaxation of down payment requirements. “The

Parliamentary body for further probing graft in two private banks The parliamentary standing committee on finance ministry suggested Sunday that Bangladesh Bank should further investigate irregularities and corruption in two private commercial banks. The committee also recommended ensuring exemplary punishment for the persons to be found involved in irregularities to

BB brings term repo to ease liquidity crisis The Bangladesh Bank has launched a fresh liquidity support window named term repurchase agreement (repo) to supply money to the cash-strapped banks. The banks, which face a liquidity crunch, are now allowed to receive money through the new window of the central

FX reserves hit record $32.56b Bangladesh’s foreign exchange reserves hit a record $32.56 billion at the end of February, the central bank said on Wednesday, up nearly $840 million on the previous month. The reserves are sufficient to cover about nine months’ worth of imports and are $4.5 billion higher

Sales of savings tools on the rise Net sales of savings certificates rose 8.49 percent year-on-year to Tk 17,315 crore in the first four months of the fiscal year as savers’ appetite for the high-yielding tools shows no sign of fading. In July-October, the government’s borrowing through the savings instruments