Finance News: Latest Financial News, Finance News today in Bangladesh

BB cuts ADR to curb banks’ hefty lending

The Bangladesh Bank (BB) slashed the limit of advance-deposit ratio (ADR) on Tuesday to help check any possible liquidity pressure on the market due to the banks' 'aggressive' lending. The ADR is re-fixed at 83.50 per cent for all the conventional banks and at 89 per cent for the Shariah-based...

Upward interest adjustments imperative to attract deposit

Economists find the new monetary policy statement wanting in adequate strategies to ensure quality bank lending as a counterbalance to excessive growth in private credits. During their critical appreciation of the just-issued MPS, they felt the need for some upward adjustments to the rates of interest on deposits to attract...

CCTF deposits climate fund with FBL for higher returns

Climate Change Trust Fund (CCTF) had decided to deposit its money with Farmers Bank Limited (FBL), considering higher interest rate offer.The fund was deposited without exercising necessary due diligence to examine the financial health of the bank, however.The CCTF authorities explained their position at a JS body meeting Tuesday, in...

BNP activists snatch fellows from police as Khaleda attends hearing

BNP activists in Dhaka have snatched two of their fellows from law-enforcers soon after they were detained, said police.The incident was reported on Tuesday, when BNP chief Khaleda Zia attended a graft case hearing at a special judge's court at Bakhsibazar in the city, reports bdnews24.com.BNP activists descended on the...

Hasina seeks vote for AL to continue dev process

SYLHET, Jan 30 (UNB): Mentioning that the next general election will be held in December next, Prime Minister Sheikh Hasinaon Tuesdaysought vote for 'boat', the election symbol of Awami League, to achieve the goal of making Bangladesh a developed and prosperous country."Awami League means development...Bangladesh will be developed and prosperous....

Yemen PM to flee Aden as rivals advance

Sanaa, Jan 30: Yemen's prime minister was preparing to flee to Saudi Arabia on Tuesday after separatists backed by the United Arab Emirates seized the area around the presidential palace in the southern city of Aden in fierce battles, security officials said. Separatists in war-ravaged Yemen have surrounded the presidential...