Regulatory Alerts2018-04-03
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.
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
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