Call money rate surges to 8.25pc
The inter-bank call money rate, at which banks lend and borrow between each other, rose to 8.25 percent yesterday, as some private banks rushed to borrow to meet their overnight demand.
Total transactions in the market also increased in the past one week. A total of Tk 8,452 crore was transacted in the call money market yesterday, up by Tk 129 crore from the previous day, ahead of Eid-ul-Azha and Durga Puja, reports the Daily Star.
“Credit offtake is gradually rising. Also, the seasonal demand for money is increasing,” said Anis A Khan, managing director of Mutual Trust Bank.
State banks—Agrani, Janata, Rupali and Sonali—were the major lenders with Tk 3,924 crore in the yesterday’s call money market. Five foreign banks also lent Tk 668 crore.
Dhaka, Colombo exploring possibility of FTA
As bilateral trade jumped by 67%, Sri Lanka and Bangladesh have begun exploring the possibility of a historic Free Trade Agreement (FTA). And while it would be the first ever FTA for Bangladesh, for Sri Lanka, it is no less than a single entry-point for a huge regional economic corridor.
“There are so many sectors where both countries have their own comparative advantages-in some Sri Lanka is strong, in some others, Bangladesh is strong. I 
hope that this Free Trade Agreement-at least, the possibility of signing it, will bring the two co...
hope that this Free Trade Agreement-at least, the possibility of signing it, will bring the two co...
NBP President to visit Bangladesh from tomorrow
The President of National Bank of Pakistan (NBP), Mr. Syed Ahmed Iqbal Ashraf will pay a visit to Bangladesh on a four days official tour starting from Wednesday (September, 24th 2014).
During his visit he will have a courtesy call to the honourable Governor of Bangladesh Bank and heads of other banks of Bangladesh. National Bank of Pakistan is the largest state owned commercial bank in Pakistan. On this auspicious moment we pledge to serve and proud to join the economic activities in the Brother Country Bangladesh.
Mr....
During his visit he will have a courtesy call to the honourable Governor of Bangladesh Bank and heads of other banks of Bangladesh. National Bank of Pakistan is the largest state owned commercial bank in Pakistan. On this auspicious moment we pledge to serve and proud to join the economic activities in the Brother Country Bangladesh.
Mr....
PBL Satmasjid Road Branch shifted to new premises
Pubali Bank Limited (PBL) has recently shifted its Satmasjid Road Branch of Dhaka to new premises with a view to providing best & modern banking services to its valued customers.
Hafiz Ahmed Mazumder, Chairman, Board of Directors of Pubali Bank Ltd. was present as Chief Guest at the inaugural ceremony while Managing Director and CEO of the bank Helal Ahmed Chowdhury presided over.
Additional Managing Director M.A. Halim Chowdhury, Deputy Managing Director Safiul Alam Khan Chowdhury, Regi...
Hafiz Ahmed Mazumder, Chairman, Board of Directors of Pubali Bank Ltd. was present as Chief Guest at the inaugural ceremony while Managing Director and CEO of the bank Helal Ahmed Chowdhury presided over.
Additional Managing Director M.A. Halim Chowdhury, Deputy Managing Director Safiul Alam Khan Chowdhury, Regi...
TÜV SÜD Bangladesh to announce vision, strategy 2020
Mr.Ishan Palit, Chief Executive Officer, TÜV SÜD Product Service Division, Mr. Niranjan Nadkarni, Chief Executive Officer, TÜV SÜD South Asia and other key members of TÜV SÜD group are in Bangladesh to announce the company’s foray in new sectors and services.
During this visit, a ‘Meet and Greet’ evening is orgainsed by the company to enable têtê-a- tête with customers.
TÜV SÜD is a premium quality, safety and sustainability solutions provider that specailises in testing, inspection, auditing, certification and trainin...
During this visit, a ‘Meet and Greet’ evening is orgainsed by the company to enable têtê-a- tête with customers.
TÜV SÜD is a premium quality, safety and sustainability solutions provider that specailises in testing, inspection, auditing, certification and trainin...
2nd Denimsandjeans Expo on Oct 15, 16
The second phase of the first Denimsandjeans Expo will be held in the city on 15th & 16th October, 2014 at Hotel Radisson. Industry growth, attracting buyers towards Bangladesh for quality jeans and related apparel are the main focuses of the show. The first phase of the expo was held in March.
Sandeep Agarwal, the founder at Denimsandjeans.com Bangladesh show explains “Bangladesh is the second largest denim apparel manufacturing country in the world and China is in first position. This is th...
Sandeep Agarwal, the founder at Denimsandjeans.com Bangladesh show explains “Bangladesh is the second largest denim apparel manufacturing country in the world and China is in first position. This is th...
