The government plans to bring down inflation to 4-5 percent, Bangladesh Bank (BB) Governor Ahsan H Mansur said yesterday.
The Bangladesh Bank (BB) has backtracked on its decision to refrain from injecting fresh funds into crisis-hit banks in its efforts to curb persistent inflation.
They sought removal of Nurun Nahar and Habibur Rahman
Banking rules and regulations stipulate a single borrower exposure limit but the banking regulator itself disregarded the rule routinely in the last 16 years.
The central bank must recognise that the existing CIB laws are outdated and ineffective.
Traditional contractionary policies may not be suitable for Bangladesh’s unique economic structure.
The fee will be Tk 20 for payments of up to Tk 25,000 and Tk 50 for up to Tk 50,000
A good bank ensures quality of loans (assets) by selecting the right borrowers, sanctioning loans to various sectors in different sizes, and keeping collateral.
Deposited money is safe in banks, Husnay Ara Shikha says
Three months ago, the policy rate was hiked for the last time by 50 basis points to 8.5%
The previous limit was Tk 3 lakh
The accounts of Mintoo, his wife and son were blocked on August 1 in 2007
The rate will be further raised to 10℅, BB governor tells BBC in an interview
Instruction was also given to suspend locker facilities extended to the members of the families for the next 30 days
But its objectives must be clearly defined and regularly scrutinised
The step has been taken for the sake of the depositors' money, according to the order issued by BB
Bangladesh Bank has suspended liquidity support for some Shariah-based banks, says Ahsan H Mansur in a meeting with FBCCI
It is unfortunate that the previous government fell short of its commitments to strengthen the banking sector.
The Bangladesh Bank may increase the policy rate for both local and foreign currencies in a bid to reduce inflation and increase international reserves.
