reserves

BB to keep watchful eye on banks’ exposure

MNA Business Desk: The central bank has decided to strengthen monitoring of commercial banks’ exposure to share market with a view to avoiding recurrence of an unwanted situation, reported news agency.

Under the latest move, the banks will have to submit their reports on fresh investment in the capital market to the Bangladesh Bank (BB) on weekly basis, mentioning daily transactions separately.

Currently, the banks are eligible to submit such weekly reports to the Department of Off-site Supervision (DOS) of the central bank on gross transactions basis without mentioning daily transactions separately.

The report must be submitted to the central bank’s concerned department on Thursdays within 5.00 PM by e-mail, according to a communication, issued by the BB Monday.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Telenor

Telenor, Axiata end talks on merger of Asian operations

MNA Business Desk: Telenor Group and Axiata Group Bhd have mutually agreed to end discussions ...

Scroll Up