interest rate

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    Bangladesh Bank sets interest limit on credit card at 20pc

    Staff Correspondent | Updated at 07:12pm on September 24, 2020

    The Bangladesh Bank on Thursday set the highest limit on the interest rate on the credit card usage at 20 per cent as many banks...

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    Demand for call money eases in July

    HM Murtuza | Updated at 10:21pm on July 17, 2020

    Demand for call money by the banks eased a bit as the inter‑bank weighted average interest rate in call money was below 4 per cent...

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    Banks’ interest spread drops below 3pts for 1st time

    HM Murtuza | Updated at 10:26pm on July 12, 2020

    The overall weighted average interest rate spread in the country’s banking sector fell below 3 percentage points for the first time amid enforcement of the...

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    Russia’s central bank cuts key rate to historic low

    Agence France-Presse . Moscow | Updated at 11:21pm on June 19, 2020

    Russia’s central bank on Friday announced a 1.0-per centage-point cut to its key interest rate, taking it to 4.5 per cent, the lowest level in...

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    PM announces Tk 2,000 crore bank interest waiver

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 09:57pm on May 31, 2020

    Prime minister Sheikh Hasina on Sunday announced a new stimulus package to waive Tk 2,000 crore bank interest of the people affected badly by the...

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    Investment limit on post office savings tools cut to Tk 20 lakh

    Jasim Uddin | Updated at 10:49pm on May 28, 2020

    The government has lowered the investment limit on post office savings bank schemes by two-third as part of its plan to set an upper limit...

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    Interest payment goes up by Tk 600 crore

    Shakhawat Hossain | Updated at 12:29am on April 27, 2020

    The government has to make upward revision in payment of interest by around Tk 600 crore against foreign debts in the outgoing fiscal year marred...

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    Bangladesh Bank launches 2nd green fund worth 200m euro

    Staff Correspondent | Updated at 10:21pm on April 15, 2020

    The Bangladesh Bank on Wednesday launched its second green transmission fund (GTF) worth 200 million euro to allow manufacturers and exporters to borrow funds at...

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    Banks asked not to charge compound interest till May

    Staff Correspondent | Updated at 10:12pm on April 15, 2020

    The Bangladesh Bank on Wednesday asked banks not to charge monthly compound interest rate on credit card bills till May 31 due to the coronavirus...

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    Bankers for more cut in REPO rate

    Staff Correspondent | Updated at 09:58pm on April 10, 2020

    Bankers have proposed that the central bank should lower the applicable interest rate on the REPO (Repurchase Agreement) facility further to make liquidity cheaper for...