Banks need lesser cash reserve in BB for CRR cut

Daily cash reserve ratio (CRR) requirement for commercial banks is relaxed to give the lenders some breathing space amid persisting liquidity tightness, officials said Tuesday.The central bank's decision lowering CRR-maintenance requirement by 50 basis points from existing 3.50 per cent to 3.0 per cent takes effect from today (Wednesday).However, the...

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Import taboo, consumer boycott bite India's share

India's share in Bangladesh's total trade has been on a downturn since April 2024 as import restrictions and a consumer-driven boycott of Indian-made products weigh amid a change of wind, sources say.On the contrary, China's share in Bangladesh's trade has been on the up and up since then, according to...

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Banks' special securities fund stays two more years

Banks' special fund designated for stock-market investment survives two more years until December next year as the regulator renews its tenure amid entreaties from stakeholders and fears of securities selloffs, officials said.After deciding to extend the tenure last week, they added, the central bank in a letter sought approval from...

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Export earnings up 10.53pc to $32.94b in Jul-Feb of FY25

Bangladesh's export earnings recorded a 10.53-percent rise to US$32.94 billion during the first eight months of this fiscal year--singularly dominated by apparel sector--although growth potent got stunted for adversities. According to Export Promotion Bureau (EPB) data released Tuesday, the country's export earnings aggregated US $29.80 billion during the July-February period...

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Prayer, Sehri, Iftar Timings (2025-03-05)

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