AKM Zamir Uddin

Banks should be the only ones setting the interest rates as they offer loans at rates that are based on factors like cost of funds, credit worthiness of a customer and the prevailing market condition, said AKM Shaheed Reza, chairman of Mercantile Bank.

Private sector credit growth sank to a 56-month low of 12.07 percent in April on the back of the ongoing liquidity crunch in the banking sector, in an ominous development that stands to slow down the economy’s tremendous growth momentum.

The central bank yesterday injected Tk 2,300 crore into the money market to ease liquidity crunch in the banking sector amid the cash withdrawal spree in the lead up to Eid.

People do not need banks but they need banking, Microsoft founder Bill Gates said 30 years ago. And it appears he was on to

The Bangladesh Financial Intelligence Unit (BFIU) yesterday instructed mobile financial service (MFS) providers to inform it of suspicious transactions with a view to reining in “digital hundi” ahead of Eid-ul-Fitr.

The government has all on a sudden stepped up its borrowing from the banking system from this month as its revenue collection fell short of expectations, sending the cash-strapped banks into a state of panic. Until the end of April, the government did not borrow from banks

The country has to count more than Tk 9,000 crore a year because of its heavy dependence on cash, necessity to move towards a cashless society. The maintenance cost of the printed money is nearly 0.50 percent of the country’s GDP, Central bank report styled ‘Reducing the Cash Transaction’.

Banks and financial organisations sent a record number of suspicious transaction and activities reports to the Bangladesh Financial

Trade deficit fell 9.24 percent year-on-year to $11.92 billion in the first nine months of the current fiscal year, giving some breathing

Liquidity crunch in the banking sector is deepening due to slow growth of deposits and a lethargic recovery of loans.

When a majority of financial institutions are struggling with default loans and a lack of corporate governance, IPDC Finance Ltd has achieved stellar success by rolling out a raft of successful business models.

Bangladesh has a long way to go to become a cashless society as only six percent of the total transactions are now settled through the electronic mode.

The central bank has turned down banks’ request to grant them waiver on maintaining statutory liquidity ratio and cash reserve ratio for offshore banking operations as it remains steadfast in its intent to impose discipline on this elusive branch.

People can soon get loans from banks by keeping their movable assets with banks as collateral, in a development that will expand the

The central bank has moved to form an asset management company to deal with the growing non-performing loans (NPLs) of banks, as part of its efforts to perk up the ailing sector.

Banks are now offering double-digit interest rates for deposits in a desperate attempt to prop up their liquidity base amid high default

Trade deficit squeezed by 8.42 percent in the first eight months of 2018-19 thanks to the steady growth of exports and a slowdown

The country's loan classification rules, which were tightened in 2012 to comply with global standards, are set to be relaxed by the

Private sector credit growth hit a 53-month low in February thanks to the ongoing liquidity crunch brought about by the rising default

The pace of recovery of banks' nonperforming loans (NPL) was much lower than the rate at which their NPL increased last year -- an ominous development for the sector.