Surplus funds push banks to cut rates in Bangladesh

Rising surplus funds have forced private commercial banks in Bangladesh to cut their lending and deposit rates by 1 percentage point, the first in three years, bankers said. The banks are now charging 15 per cent for lending instead of 16 per cent a month ago. For deposits, they are offering 11.5-12 per cent, which was 12.5-13 per cent till May. They had reduced their interest rates last in … [Read More]

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Source: Bangladesh News latest RSS headlines - Bangladesh News.Net


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