UCB Managing Director Muhammed Ali (3rd from left) is seen along with other high officials at a Business Review Meeting and Press Meet at Banquet Hall of Chittagong Club in the port city on Saturday.

Bangladesh Bank has requested the National Board of Revenue for not deducting tax at source at the rate of 10 per cent on commission commercial banks receive on sales of prize bonds and national savings certificates, BB officials said.

Banks are failing to bring down the lending rates to a single digit because of high default loans, NCC Bank Managing Director Golam Hafiz Ahmed said yesterday.

The state-owned Rupali Bank Limited has been able to maintain a steady progress in its business during last four years as most of the key indicators shown upward trend.

The government’s domestic borrowing increased substantially in the third quarter of the current fiscal year due to higher spending in the development programmes, officials said.

Bangladesh Bank has introduced an innovative scheme of Tk 200 crore, where loans will be extended to the poor and banks will enjoy incentives against recovered loans, in addition to interest.

One of the most prestigious business magazines in the world, ‘Global Finance’ has recently published their list of awardees of the Best Banks in Asia Pacific for the year 2014.

Bangladesh Bank on Wednesday created a fresh refinance fund worth Tk 200 crore for landless farmers,

Scheduled banks other than the new nine banks and non-bank financial institutions will have to spend at least 2.5 per cent of their net profits for corporate social responsibility purposes in a fiscal year, said officials of Bangladesh Bank.

Bangladesh Bank has formed a Tk200 crore revolving refinance scheme to provide loans on easy terms to landless and marginal farmers.