banking sector of Bangladesh

Banking sector needs comprehensive reforms: ADB

Bangladesh’s banking sector now requires comprehensive reforms for the financial sector to become strong enough to augment a transition to an upper middle-income country by 2031, said Edimon Ginting, country director of Asian Development Bank (ADB), yesterday. 

Interbank lending rate goes past 9% cap for liquidity crunch

Cash-strapped banks are borrowing from cash-rich lenders paying more than 9 per cent in interest rate, which is above a cap set by the central bank, as an unprecedented liquidity crunch has hit the banking sector of Bangladesh. 

January 30, 2023
January 30, 2023

Banking sector needs comprehensive reforms: ADB

Bangladesh’s banking sector now requires comprehensive reforms for the financial sector to become strong enough to augment a transition to an upper middle-income country by 2031, said Edimon Ginting, country director of Asian Development Bank (ADB), yesterday. 

January 11, 2023
January 11, 2023

Interbank lending rate goes past 9% cap for liquidity crunch

Cash-strapped banks are borrowing from cash-rich lenders paying more than 9 per cent in interest rate, which is above a cap set by the central bank, as an unprecedented liquidity crunch has hit the banking sector of Bangladesh.