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Bangladesh Bank revises CRR for banks at 5.5%

  • Published at 07:41 pm April 3rd, 2018
Bangladesh Bank revises CRR for banks at 5.5%
Bangladesh Bank (BB) has revised the Cash Reserve Requirement (CRR) at 5.5% for commercial banks on bi-weekly average basis from the existing 6.5%. "Now it has been decided to revise this CRR at 5.5% on bi-weekly average basis with a provision of minimum 5% on daily basis effective from April 15, 2018," according to a circular issued by the central bank.
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All scheduled banks in Bangladesh (including Shariah-based banks) were earlier required to maintain 6.5% CRR with the central bank on bi-weekly average basis with a provision of minimum 6% on daily basis of their average total demand and time liabilities (ATDTL), reads the circular.