Banks’ capital rises Banks’ overall capital rose 1.6 percent in the April-June quarter but the capital base of state banks shrank further though they were provided with funds from the state coffer. On June 30, the total capital in the banking system was Tk 76,884 crore, up from Tk 75,612

Farm loan release crosses annual target in 11 months Country’s banks crossed their annual target of farm loan disbursement in 11 months (July-May) of this fiscal year against a backdrop of a decreased credit demand from the industrial sector that forced them to disburse loans more to farmers at an

Bank rate cut to 10.2% in August Country’s scheduled banks cut their rates of interest on lending further in August, for the 20th month in a row, against the backdrop of the businesses’ persistent reluctance to borrow from banks due to a sluggish business situation, said Bangladesh Bank officials. BB

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 5.08% (Feb 26’20) 5.09% (Feb 20’20) 0.01% Call Money Lending (Crore BDT) 2,089.65 (Feb 26’20) 2,452.52 (Feb 20’20) 14.79 % Prices Weighted Average Deposit Rate 5.71% (Feb ’20) 5.70% (Feb ’20) 0.01% Weighted Average Lending Rate 9.63% (Feb

Banks in tight race as rates slide Lenders are locked in a stiff competition to bag clients with good track record, according to industry players. If a lender offers a borrower a loan at 9% interest rate, another bids to hook the client at 8.5%. Even then, the second lender