Stocks snap three-day losing streak Stocks rebounded on Monday, snapping a three-day losing streak, as bargain hunters went on buying binge on large-cap issues. Market analysts said investors were active in the market throughout the session riding on the news of soaring foreign funds in the market. Net foreign fund

Capital shortfall of state banks alarming Eight state banks had a capital shortfall of Tk 12,683 crore at the end of June even though they got a handsome amount of fund from the government exchequer. In other words, the banks are a long way off from maintaining capital as per

Lending rates move closer to single-digit Banking lending rates have come down closer to single-digit rate following declining deposit rates in August, according to Bangladesh Bank. Average lending rates of all banks stood at 10.24% in August 2016 against 11.51% one year ago while weighted average deposit rates of all

ECNEC okays Tk 7.22b Nakshipalli project to enhance Facilities The Executive Committee of National Economic Council (ECNEC) approved on Tuesday a project titled ‘Sheikh Hasina Nakshipalli, Jamalpur (1st phase)’ involving Tk 7.22 billion, aiming to enhance facilities for Nakshi entrepreneurs, handloom and handicraft workers. The approval came at the weekly

35 individuals, orgs get BB remittance award Thirty-five individuals and organisations, including five commercial banks, have been awarded the ‘Bangladesh Bank Remittance Award-2016’. They have got the award for sending home the highest amount of remittance, investing bonds and playing a vital role to receive the remittance. State Minister for