New budget to cross Tk 5 lakh crore Fiscal 2019-20’s budget is set to cross the landmark of Tk 5 lakh crore as the Awami League-led government, fresh from being elected to a third term, looks to scale up implementation of the mega projects announced in previous terms. According to

Bangladesh Bank (BB) asks banks to frame code of conduct The central bank of Bangladesh has asked all financial institutions (FIs) operating in the country to prepare their respective ‘Code of Conduct’ by January 31, 2018 for ensuring transparency and accountability in delivering products and services. The Bangladesh Bank (BB)

Pvt sector credit growth rises to 16.21pc in Aug The private sector credit growth in the country increased to 16.21 per cent in August year-on-year compared with that of 15.97 per cent in July as banks are now disbursing significant amount of consumer and farm loans to sustain their profitability.

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.73% (Jan 09’20) 4.97% (Dec 26’19) 0.24% Call Money Lending (Crore BDT) 5,536.36 (Jan 02’20) 3,782.28 (Dec 26’19) 46.38% Prices Weighted Average Deposit Rate 5.71% (Nov ’19) 5.71% (Nov ’19) 0.00% Weighted Average Lending Rate 9.63% (Nov ’19)

Private credit growth highest in four years Banks’ lending to private borrowers grew a robust 16.56 percent last fiscal year, according to central bank data released yesterday. The growth rate was the highest in four years and well above the target of 14.8 percent set in the monetary policy, thanks