Consumer credit soars as BB overlooked

The commercial banks have relied heavily on consumer financing last year as industrial credit disbursement suffered a setback in the wake of the political unrest ahead of the national election held on January 5.

FOREIGN BILLS AGAINST LCS: BB asks 21 banks to ...

Bangladesh Bank has issued show-cause notices to 21 scheduled banks to explain why they failed to settle their foreign bills in due time against letters of credit in line with the central bank’s directives.

Lending rate still high, deposit rate comes down

The banks are still charging high interest on credit, although most of them have reduced the deposit rates, ending the rat race for accumulating funds.

BB eyes new project to back large, traditional ...

Bangladesh Bank plans to lend low-cost loans from its ‘Export Development Fund’ to big exporting industries,

World Bank projects 5.7pc growth for India in F...

The World Bank yesterday projected an economic growth rate of 5.7 per cent in fiscal year 2014 for India on the back of a more competitive exchange rate and many large investments going forward.

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