Bangladesh Bank refixes Cash Reserve Requirement for banks at 5.5pc | 2018-04-03 | daily-sun.com

Bangladesh Bank refixes Cash Reserve Requirement for banks at 5.5pc

Sun Online Desk     3rd April, 2018 06:52:10 printer

Bangladesh Bank refixes Cash Reserve Requirement for banks at 5.5pc

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. 


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