Banking & Commodity

Before this circular, there was no separate directive for banks with regard to maintaining CRR and SLR for offshore banking operation

The central bank has asked some 20 banks to boost their investments in stocks to help revamp the country’s ailing capital market. The banks have the scope for investing more in listed securities in line with the existing rules and regulations, officials said.

BB Governor Fazle Kabir in a meeting at Bangladesh Bank headquarters with NBFIs also asked top executives of NBFIs to comply with the latest directive to shield the interest of depositors

The European Central Bank is likely to point Thursday to an interest rate cut in September, analysts say, although recent hints towards bucking up sluggish growth and inflation could even mean a move this week.

Bangladesh Bank (BB) asked the scheduled banks to open ‘Special Monitoring Cell’, headed by Deputy Managing Director (DMD), for monitoring the classified loans amounting Taka 100 crore or above.