BEIJING: China's central bank continued cash injections into the money market through open market operations on Tuesday to ease liquidity.
The People's Bank of China (PBOC) conducted 80 billion yuan (11.6 billion U.S. dollars) of reverse repos, resulting in a net 40 billion yuan added to the market, as 40 billion yuan of previous reverse repos became due on Tuesday, reports Xinhua.
The operations included 40 billion yuan of 7-day reverse repo prices to yield 2.45 percent, 20 billion yuan of 14-day contracts with a yield of 2.6 percent, and 20 billion yuan of 28-day agreements with a yield of 2.75 percent.
It was the PBOC's sixth straight cash injection via reverse repos as lending costs remained on the up.
Rajshahi Krishi Unnayan Bank Chairman Muhammad Nazrul Islam speaks at the performance evaluation meeting of zonal managers of the bank at its boardroom in Rajshahi on Tuesday.
RAJSHAHI” Utmost importance should be given to attaining all business targets of Rajshahi Krishi Unnayan Bank (RAKUB) of the current fiscal so that it can uphold the pace of earning profit.
Aim of the present government is to build a skilled, strengthened and inclusive financial management in the country. Besides, the government is committed to reaching the banking services at the peoples' doorsteps, reports BSS.
The RAKUB management came up with the observations while addressing the performance evaluation meeting of zonal managers at its headquarters here on Tuesday. In addition to all departmental heads of head office, nine zonal managers, divisional audit officers, zonal audit officers, principal of RAKUB Training Institute and project director of SECP were present on the occasion. RAKUB has been operating its banking activities as the largest development partner in all 16 northwest districts of Rajshahi and Rangpur divisions targeting its agricultural sector and all its sub-sectors.
Chief guest Nazrul Islam urged the zonal managers to perform duties with utmost sincerity and honesty to speed up the ongoing farmers-level lending activities.
Golam Hafiz Ahmed, Managing Director of NCC Bank Ltd. and Muhammed Asadullah, Managing Director of AlphaRating exchanging signing documents in the city recently. Mosleh Uddin Ahmed, AMD, Md Habibur Rahman, DMD of the bank and Pranabesh Roy, Chief Strategy
Golam Hafiz Ahmed, Managing Director of NCC Bank Ltd. and Muhammed Asadullah, Managing Director of AlphaRating exchanging signing documents in the city recently. Mosleh Uddin Ahmed, AMD, Md Habibur Rahman, DMD of the bank and Pranabesh Roy, Chief Strategynews:new notion/ 26-apr-2017
The Anti-Corruption Commission (ACC) on Tuesday filed a case against former Deputy General Manager of BASIC Bank Shiper Ahmed on charge of amassing illegal wealth worth Tk 1.40 crore.
Assistant Director of the ACC Muhammad Joynul Abdin filed the case against Shiper Ahmed, also former manager of the bank's Gulshan branch, with Ramna Police Station.
According to the first information report,
Shiper Ahmed, now in jail for being accused in the cases of BASIC Bank loan scam, concealed wealth worth Tk 1.30 crore and the Commission found more illegal wealth about Tk 10 lakh from his wealth statement submitted with the Commission.
The FIR also said Shiper purchase a flat in his name and another one in his wife's name at Bashundhara residential area in the capital, which he mentioned in the wealth statement.
Shiper accumulated the wealth from January 2011 to March 2016, it said.
Earlier, the ACC in September 2015 filed 56 cases against 120 people on charge of swindling nearly Tk 2,590 crore from the bank during 2009-2012.
After filing the cases, the Commission had launched at least 10 separate inquiries over illegal wealth accumulated by some officials of the bank, said ACC officials.
The ACC, however, failed to complete the investigation in 19 months after filing the cases dropping name of the prime suspect former chairman of BASIC Bank Sheikh Abdul Hye Bachchu.
The volume of the annual operation of the Asian Development Bank’s (ADB) crossed $30 billion mark in the last year.
t is for the first time in ADBs’ 50-year history when the bank’s annual financing reached at such a high level.
Regional demand for development finance and knowledge, particularly on infrastructure, pushed the lending, according to the development bank’s Annual Report 2016 that released today.
It showed that ADB’s total lending in 2016, which includes co-financing, reached $31.70 billion, an 18 per cent increase from 2015.
The total amount includes $17.47 billion in approvals for loans and grants, $169 million for technical assistance and $14.06 billion for co-financing, which increased by a record 31 per cent over 2015.
Disbursements, a key indicator for successful project implementation, also reached a new high of $12.26 billion in 2016.
Private sector operations reached $2.5 billion for the second time in ADB’s history which reflects ADB’s long-term strategy to significantly boost support for private enterprise to create more high quality jobs and increase living standards across Asia and the Pacific.
ADB’s private sector operations also generated a record $5.84 billion in co-financing.
All these figures update the provisional operations numbers released by ADB in January.