Economic Reporter :
The central bank has slashed cash reserve ratio (CRR) by 100 basis points to 1.5 per cent from the existing level of 2.5 per cent for non-banking financial institutions (NBFIs).
Under the new rules, the NBFIs are required to maintain minimum 1.5 per cent CRR with the Bangladesh Bank (BB) on bi-weekly average instead of 2.5 per cent earlier.
The NBFIs will be allowed to maintain the reserve at 1.00 per cent instead of 2.00 per cent on daily basis, according to a notification, issued by BB, on Sunday.
The new CRR requirement rules are in retrospective effect from June 01, 2020.
The central bank has slashed cash reserve ratio (CRR) by 100 basis points to 1.5 per cent from the existing level of 2.5 per cent for non-banking financial institutions (NBFIs).
Under the new rules, the NBFIs are required to maintain minimum 1.5 per cent CRR with the Bangladesh Bank (BB) on bi-weekly average instead of 2.5 per cent earlier.
The NBFIs will be allowed to maintain the reserve at 1.00 per cent instead of 2.00 per cent on daily basis, according to a notification, issued by BB, on Sunday.
The new CRR requirement rules are in retrospective effect from June 01, 2020.
