AKM Zamir Uddin

Savers have started to flock back to savings instruments with net sales hitting a six-month high in July as bank deposit products continue to yield underwhelming returns.

The central bank is concerned about seven banks, including three state-run lenders, for their deteriorating financial health stemming largely from rising default loans and declining capital and profits.

The central bank has moved to slash the lending rate on farm loans by one percentage point to 8 percent as most banks have cut the

Trade deficit jumped 12.14 percent in July in continuation of the trend seen throughout last fiscal year on the back of higher import payments against slow exports.

Thirteen banks faced a combined provisioning shortfall of Tk 10,971 crore in the second quarter of 2018 which not only exposed their worsening financial health but also raised the possibility of lending rate hike.

Banks' nonperforming loans rose by 20.23 percent, or Tk 15,037 crore, in the six months to June this year owing to poor lending

Private sector credit growth dropped to an 18-month low of 15.87 percent in July, as banks have adopted a “go slow” policy for loan disbursement to comply with the central bank's newly set loan-deposit ratio.

Bangladesh Bank has appointed an independent chairman to the century-old Jubilee Bank in line with a High Court verdict of

Lending through agent banking grew 12.32 percent to Tk 137.32 crore in April-June compared to a quarter ago with Bank Asia leading the pack.

Banks have started to replace the traditional automated teller machines with cash recycler machines (CRM) that also allow cash to be

In Bangladesh, industrialists and businesspeople become shareholders and directors of banks, and borrow money from each other's banks. And not only that, up to four members of a family can now be in the board of directors of a bank, up from two previously, after the relevant rules were amended last year following Finance Minister AMA Muhith's recommendation.

The weighted average cost of funds for non-bank financial institutions rose by 1.61 percentage points year-on-year to 9.34 percent in June this year thanks to the liquidity crisis in the banking sector.

The call money rate edged up to around 4.5 percent yesterday after hovering between 2 percent and 3 percent for several months on the back of a cash withdrawal pressure in the lead up to Eid-ul-Azha.

The amount of loans written off by banks increased six times year-on-year to Tk 141 crore in the first quarter of 2018 as the lenders

The central bank will take punitive actions against 10 private banks for failing to attain their farm loan disbursement target in the last

Bangladesh Bank has rejected Janata Bank's plea for reappointing Syful Shamsul Alam & Co to audit the state-owned bank's financial health as it found that the firm allegedly helped Crescent Group embezzle government funds of Tk 408 crore in cash incentive.

For the first time in Bangladesh's 47-year history, imports crossed the $50 billion mark in a single fiscal year, fuelling fears of inflation and further depreciation of the local currency against the dollar.

Bangladesh Bank has hinted the foreign exchange reserve and the exchange rate may face some pressure due to the growing trade gap and current account deficit.

The cost of borrowing, be it for the government or businesses, is imperative: the lower the costs, the better.

The central bank continues to flip-flop over letting mobile operators have a slice of the mobile financial services pie, with its latest