Regulatory Alerts2014-01-19
Added · Updated
DOS Circular No. 01: Cash Reserve Ratio and Statutory Liquidity Ratio Requirements
Scheduled banks in Bangladesh must maintain a Cash Reserve Ratio of 6% on a bi-weekly average basis with a daily minimum of 5.5%, and a Statutory Liquidity Ratio of 13% daily for conventional banks and 5.5% daily for Islamic Shariah-based banks. The circular updates the maximum holding limits for approved securities in the Held to Maturity portfolio to 110% of SLR for non-Primary dealer banks and 125% for Primary dealer banks, effective February 01, 2014. Banks are required to submit monthly maintenance statements using new formats by the 10th of the following month and face penalties for shortfalls or late submissions. DOS Circular Letters No. 17/2011 and No. 24/2011 are considered void, and relevant parts of DOS Circular Letter No. 05/2008 are amended from the effective date.
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