Regulatory Alerts2013-12-10
Added · Updated
MPD Circular No. 02: Maintenance of Statutory Liquidity Ratio (SLR) in compliance with Section 33, of Bank Company Act, 1991 (amended up to 2013)
Conventional banks must maintain a Statutory Liquidity Ratio of not less than 13 percent, and Shariah-based Islamic Banks must maintain not less than 5.50 percent, calculated on daily basis including excess Cash Reserve Requirement amounts. This instruction supersedes MPD circular No-5 dated December 1, 2010, which is considered void, and takes effect from February 1, 2014. The requirement applies to all scheduled banks in Bangladesh.
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islamic-finance
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