Economic Reporter :
Bangladesh Bank (BB) has refixed the Cash Reserve Requirement (CRR) at 5.5 percent for commercial banks on bi-weekly average basis from the existing 6.5 percent.
“Now it has been decided to refix this CRR at 5.5 percent on bi-weekly average basis with a provision of minimum 5.0 percent on daily basis effective from 15 April, 2018,” said a BB circular on Tuesday.
All scheduled banks in Bangladesh (including Shariah based banks) were earlier required to maintain 6.5 percent CRR with the central bank on bi-weekly average basis with a provision of minimum 6.0 percent on daily basis of their average total demand and time liabilities (ATDTL), added the circular.
Bangladesh Bank (BB) has refixed the Cash Reserve Requirement (CRR) at 5.5 percent for commercial banks on bi-weekly average basis from the existing 6.5 percent.
“Now it has been decided to refix this CRR at 5.5 percent on bi-weekly average basis with a provision of minimum 5.0 percent on daily basis effective from 15 April, 2018,” said a BB circular on Tuesday.
All scheduled banks in Bangladesh (including Shariah based banks) were earlier required to maintain 6.5 percent CRR with the central bank on bi-weekly average basis with a provision of minimum 6.0 percent on daily basis of their average total demand and time liabilities (ATDTL), added the circular.
