Rupali Bank appointed as primary dealer

The central bank yesterday allowed Rupali Bank Ltd to carry out its operations as a primary dealer regularly, according to a notice yesterday.

In December 2021, the Bangladesh Bank appointed the state-run lender as a primary dealer of government securities for a year.

The BB gave its permission to Rupali Bank to run its operation as a primary dealer on a regular basis after taking into account its activities in the primary and secondary market in the past one year. 

There are 24 primary dealer banks in the country.

In Bangladesh, tradable securities include Treasury Bills (T-Bills) of 91, 182 and 364-day maturities and Bangladesh Government Treasury Bonds (BGTBs) of 2, 5, 10, 15 and 20-year maturities.

T-Bills and BGTBs are issued through auctions and only primary dealers can submit bids in the auctions. Other institutions and individuals can take part in the auctions but through the dealer banks, according to the BB website.