MPD Circular No. 02: Maintenance of Statutory Liquidity Ratio (SLR) in compliance with Section 33, of Bank Company Act, 1991 (amended up to 2013)

Bangladesh Bank
Head Office
Motijheel, Dhaka-1000
Bangladesh
Monetary Policy Department
MPD Circular No-02 Date:
Chief Executive
All Scheduled Banks in Bangladesh
Dear Sir,
Maintenance of Statutory Liquidity Ratio (SLR) in compliance with Section 33, of Bank Company Act, 1991 (amended up to 2013). Please refer to MPD circular No-5 dated December 1, 2010 on the captioned subject.
02. In accordance with Section 33, sub-section (2) of Bank Company Act 1991, amended in
2013, it has been decided that (ka) the amount of SLR required to be maintained by the conventional banks on daily basis shall not be less than 13 (thirteen) percent including the excess amount of Cash Reserve Requirement (CRR) of their average total time and demand liabilities in Bangladesh, and (kha) for Shariah-based Islamic Banks this amount shall not be less than 5.50 (five and a half) percent.
03. This instruction shall come into effect from February 1, 2014 and at the same time MPD
circular No-5 dated December 01, 2010 shall be considered void.
04. In this regard, Bangladesh Bank’s Notification MPD-116/2013-757 dated December 10,
2013 is enclosed herewith for your information.
Please acknowledge receipt.
Yours Sincerely
SD/-
Enclosure: As mentioned. (Musarrat Zahan)
General Manager
Phone: 9564119

Ograhayon 26, 1420
December 10, 2013

Bangladesh Bank
Head Office
Motijheel, Dhaka-1000
Bangladesh
Monetary Policy Department
No. MPD-116/2013-757 Date:

Notification
Pursuant to Section-33, sub-section (2) of Bank Company Act, 1991 amended in 2013, the amount of Statutory Liquidity Ratio (SLR) required to be maintained with the Bangladesh Bank on daily basis and the Cash Reserve Requirement (CRR) on bi-weekly average basis shall be measured separately. In this connection, in exercise of the power conferred in Section-33, sub-section (1) of Bank Company Act 1991, it has been decided that (a) the amount of SLR required to be maintained by the conventional banks including the excess amount over CRR of their average total time and demand liabilities shall not be less than 13 (thirteen) percent and (b) for Shariah-based Islamic Banks this amount shall not be less than 5.50 (five and half) percent. This order shall come into force from February 01, 2014.

SD/-
(Abu Hena Mohd. Razee Hassan)
Deputy Governor
Ograhayon 26, 1420
December 10, 2013