News Bangladesh Bank deposits: Cash-strapped banks fail to maintain emergency cash
Banks strapped for cash are now struggling to maintain the mandatory daily cash reserve ratio (CRR) with the Bangladesh Bank, meaning they won't have cash readily available if customers want their deposits back. Although the lending rate cap is 9%, some banks are aggressively borrowing money at more than that from other banks for the short term to mitigate their daily cash
News Bangladesh Bank deposits: State-run oil companies see higher profits
Oil companies see higher profits: Jamuna Oil Company's profit grew by 81 percent compared to the same period of the previous year while profits of Meghna Petroleum and Padma Oil Company rose 33.7 percent and 38 percent, respectively.
News Bangladesh Bank deposits: Banks’ deposit growth slows amid economic woes
Deposit growth in banks slowed further in December 2022 as people were struggling with various issues, including rising inflation, economic crisis, low interest rate and irregularities. Bank deposits ...
News Bangladesh Bank deposits: The ‘mega serial’ of bank scams
Embezzling thousands of crores of taka in the name of taking loans from banks is a regular occurrence in Bangladesh. Sometimes behind the front of business and industrial loans, sometimes through direct fraud and deception, such embezzlement takes place.
News Bangladesh Bank deposits: How to restore public confidence in banking
When the public finds that banks regularly get involved in unethical practices and scams, they get scared and start to lose confidence in them. In this post-pandemic period and global unrest, regaining ‘public confidence’ in the banking sector is necessary to save the economy from further complications
News Bangladesh Bank deposits: Surging inflation: Savers in a tight spot
Bangladesh inflation: Savers are now facing losses on their deposits with banks due to surging inflation, with many solely dependent on interest earnings finding themselves in a tight corner. Inflation in Bangladesh surged to a 10-year high of 9.52 percent in August.
News Bangladesh Bank deposits: Banks to charge TDS on deposit interest at 20pc
The National Board of Revenue has asked the financial institutions to deduct source tax at the rate of 20 per cent from interest on savings deposits and fixed deposits of the government and ...
News Bangladesh Bank deposits: Most NBFIs increase interest rates on deposits amid high inflation
NBFI sources said they received verbal consent from Bangladesh Bank officials for increasing the deposit rates above the rate of 7% set by the central bank on deposits and 11% on loans ...
News Bangladesh Bank deposits: Bangladesh Bank sets minimum wage of bank employees
The Bangladesh Bank has fixed the minimum monthly salaries the private banks can pay their employees. Trainee officers must be paid at least Tk 28,000 during entry. For other employees, the minimum ...
News Bangladesh Bank deposits: BB asks banks not to terminate employees for failure to fulfill target of deposit
Bangladesh Bank (BB) has asked banks not to terminate any officials or employees due to their failure to fulfill the target of deposit collection. Banks also will not be allowed to either postpone the ...
News Bangladesh Bank deposits: Banks asked not to fire employees who fail to fulfill deposit targets
The Bangladesh Bank today said no bank would be allowed to terminate any employee due to their failure to fulfill the target of deposit mobilisation set by the lender.
News Bangladesh Bank deposits: Ensure independence of Bangladesh Bank
Against the backdrop of increasing incidence of default loans and inability to implement banking sector regulations, Bangladesh Bank (BB) is ...
News Bangladesh Bank deposits: Not a great year, but not a bad one either for banking
For the banking sector, 2021 has been a bumpy ride. The year began with good news — an upward trend in expatriate income with a steady forex reserve, along with a healthy distribution of stimulus ...
News Bangladesh Bank deposits: Bangladesh's capital market and the future economy
This is the last part of a two-part series that discusses about how the capital market, despite recent setbacks, will take Bangladesh's economy forward ...
