DOS Circular Letter No. 17: Notification for Relaxation of Statutory Liquidity Ratio (SLR) of Padma Bank Limited

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119
Bangladesh Bank
(Central Bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh

Department of Off-Site Supervision
Bangladesh Bank
Head Office
Dhaka.
Ref No: DOS Circular Letter No. 17
To:
Managing Director/Chief Executive Officer All Scheduled Banks operating in Bangladesh.

Dear Sir,

Subject: Relaxation of the requirement for maintaining easily realizable assets by Padma Bank Limited.

A copy of the Notification No. DOS(SR)/1153/120-A/2022-2725 issued by Bangladesh Bank on June 2, 2022, regarding the above subject is enclosed herewith for your information and necessary action.

Yours faithfully,
(Md. Anowarul Islam)
Director (DOS)
Phone: 9530093
DOS Circular Letter No. 17

Date: ------------------
19 Jyestha 1429
02 June 2022

Bangladesh Bank
Department of Off-Site Supervision
Head Office, Dhaka.
Ref No: DOS(SR)/1153/120-A/2022-2725 Date: 19 Jyestha 1429 02 June 2022

Notification

In exercise of the powers conferred by Section 121 of the Bank Companies Act, 1991 (1991 Act No. 14), and after consultation with the Government, the Bangladesh Bank, through Notification No. DOS(SR)/1153/120-A/2020-2166 dated 29 Srabon 1427 (13 August 2020), had determined the minimum level of easily realizable assets within Bangladesh, including excess cash balance with the Cash Reserve Ratio (CRR), for Padma Bank Limited under Section 33 of the said Act to be not less than 9.75 (nine point seven five) percent of its total demand and time liabilities in 2022, and not less than 13 (thirteen) percent in 2023.

In continuation of the above, and in exercise of the powers conferred by Section 121 of the Bank Companies Act, 1991, and after consultation with the Government, the Bangladesh Bank hereby re-determines the minimum level of easily realizable assets within Bangladesh, including excess cash balance with the Cash Reserve Ratio (CRR), for Padma Bank Limited under Section 33 of the said Act to be not less than 3.25 (three point two five) percent of its total demand and time liabilities from 2022 to 2024, not less than 6.50 (six point five) percent in 2025, and not less than 9.75 (nine point seven five) percent in 2026.

This order shall be deemed to have come into force from January 1, 2022.

(A. K. M. Sazedur Rahman Khan)
Deputy Governor
Bangladesh Bank