2013-12-10
Added · Updated
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.
Bangladesh Bank Head Office Motijheel, Dhaka-1000 Bangladesh Monetary Policy Department MPD Circular No-02 Date: Chief Executive All Scheduled Banks in Bangladesh Dear Sir, Maintenance of Statutory Liquidity Ratio (SLR) in compliance with Section 33, of Bank Company Act, 1991 (amended up to 2013). Please refer to MPD circular No-5 dated December 1, 2010 on the captioned subject. 02. In accordance with Section 33, sub-section (2) of Bank Company Act 1991, amended in 2013, it has been decided that (ka) the amount of SLR required to be maintained by the conventional banks on daily basis shall not be less than 13 (thirteen) percent including the excess amount of Cash Reserve Requirement (CRR) of their average total time and demand liabilities in Bangladesh, and (kha) for Shariah-based Islamic Banks this amount shall not be less than 5.50 (five and a half) percent. 03. This instruction shall come into effect from February 1, 2014 and at the same time MPD circular No-5 dated December 01, 2010 shall be considered void. 04. In this regard, Bangladesh Bank’s Notification MPD-116/2013-757 dated December 10, 2013 is enclosed herewith for your information. Please acknowledge receipt. Yours Sincerely SD/- Enclosure: As mentioned. (Musarrat Zahan) General Manager Phone: 9564119
Ograhayon 26, 1420 December 10, 2013
Bangladesh Bank Head Office Motijheel, Dhaka-1000 Bangladesh Monetary Policy Department No. MPD-116/2013-757 Date:
Notification Pursuant to Section-33, sub-section (2) of Bank Company Act, 1991 amended in 2013, the amount of Statutory Liquidity Ratio (SLR) required to be maintained with the Bangladesh Bank on daily basis and the Cash Reserve Requirement (CRR) on bi-weekly average basis shall be measured separately. In this connection, in exercise of the power conferred in Section-33, sub-section (1) of Bank Company Act 1991, it has been decided that (a) the amount of SLR required to be maintained by the conventional banks including the excess amount over CRR of their average total time and demand liabilities shall not be less than 13 (thirteen) percent and (b) for Shariah-based Islamic Banks this amount shall not be less than 5.50 (five and half) percent. This order shall come into force from February 01, 2014.
SD/- (Abu Hena Mohd. Razee Hassan) Deputy Governor Ograhayon 26, 1420 December 10, 2013
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