RegAlert2018-04-03
Added · Updated
MPD Circular No. 01: Regarding Cash Reserve Requirement (CRR)
The Cash Reserve Requirement (CRR) for all scheduled banks in Bangladesh, including Shariah based banks, is refixed at 5.5 percent on a bi-weekly average basis with a minimum daily provision of 5.0 percent of average total demand and time liabilities. This change replaces the previous requirement of 6.5 percent on a bi-weekly average basis and a minimum daily provision of 6.0 percent. The new rates become effective from 15 April, 2018.
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Bangladesh Bank
Head Office
Motijheel, Dhaka-1000
Bangladesh
Monetary Policy Department
Managing Directors/Chief Executives
All scheduled banks in Bangladesh
Maintenance of Cash Reserve Requirement (CRR) with Bangladesh Bank Dear Sir, Please refer to MPD circular No 01, dated June 23, 2014 in terms of which all scheduled banks in Bangladesh (including Shariah based banks) are required to maintain 6.5 percent CRR with Bangladesh 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). 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. Please acknowledge receipt. MPD Circular No.-01 Date: April 03, 2018 Choitro 20, 1424 Sincerely yours, (Md. Julhas Uddin) General Manager Phone: 9530059
Lineage: Amended
Timeline
Amended 1 time · last 2020-03-23
- 2020-03-23
BBMPD Circular No. 01: Maintenance of Cash Reserve Requirement (CRR) with Bangladesh Bankamends
This document amends: MPD Circular No. 01 : Regarding Cash Reserve Requirement (CRR)
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Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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