AKM Zamir Uddin

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

Bangladesh Bank has continued its practice of injecting dollars into the market this fiscal year to cool down exchange rate volatility, with $62 million being pumped in just the first 17 days of the month.

Farmers will be able to get farm loans by filling in an online application through the Union Information and Service Centre, as part of

Bangladesh's current account deficit is set to cross the $10 billion mark for the first time in history as the country's capacity to export continues to lag behind its appetite for imports.

Farmers Bank is now under pressure to settle its overdue payments for import, with a number of foreign missions dangling the threat of blacklisting the troubled lender if it does not pay back immediately.

The central bank will not consider the Investment Corporation of Bangladesh (ICB) as a single party borrower of banks in a bid to increase the financial institution's capacity to invest in the capital market.

Private sector credit growth continued its downward course in May after many banks sincerely adopted a 'go slow' policy in disbursing fresh loans.

Most of the private banks are in trouble due to their recent decision to cap interest rate on deposits at 6 percent as the state-run organisations and corporate groups are unwilling to keep funds with them at such a low rate.

Rohingya refugees will soon be able to open bank accounts after the Bangladesh Bank has come up with a system to enable the displaced community to receive financial support from the government and global agencies through a proper channel.