Govt. bank borrowing crosses BDT 500b
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Dhaka, Bangladesh, Jan. 26 -- The government's net bank borrowing crossed BDT 500 billion until middle of this month, compelled by the need for meeting budget deficit.
Falling trend in sales of national savings certificates coupled with a shortfall in revenue collection has led to higher debt from the banking sector during the period.
The government's combined net bank borrowing reached BDT508.42 billion at the end of January 15 of the current fiscal year.
Senior bankers, however, said liquidity pressure on the market is already visible after higher bank borrowing by the government.
The amount of overall transaction in the inter-bank call money market came to BDT 26.21 billion on Wednesday from BDT 57.70 billion a week before. The amo...
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