BB cuts ADR to curb banks’ hefty lending The Bangladesh Bank (BB) slashed the limit of advance-deposit ratio (ADR) on Tuesday to help check any possible liquidity pressure on the market due to the banks’ ‘aggressive’ lending. The ADR is re-fixed at 83.50 per cent for all the conventional banks

Shahjalal Islami Bank tops transaction chart Shahjalal Islami Bank topped the Dhaka bourse transaction chart Wednesday while top 10 traded companies captured more than 27 % transaction s some directors of the bank purchased its shares in bulk which also led the bank’s share price to be more than doubled

BB ups export loan ceiling for textiles, apparel makers The central bank has raised the loan limit of garment and textiles producers under its Export Development Fund (EDF) to help boost income from outbound shipment, officials said. “It has now been decided to enhance the limit of US$ 20 million

Bangladesh Bank rejects IFIC bank’s plea to transfer USD 12.0 million for Nepal bank investment Bangladesh Bank has rejected an IFIC Bank Ltd’s application for transferring capital worth USD 12.3 million or around BDT 980.0 million to make further investment in Nepal-based Nepal Bangladesh Bank Limited. IFIC Bank, which has

Bangladesh Bank responsible for $81 million heist: RCBC The Philippines bank through which $81 million stolen from Bangladesh’s central bank was channeled in February today said that the central bank was responsible for the heist, and so any liability should not be passed on. Manila-based Rizal Commercial Banking Corp (RCBC)