Regulatory Alerts2010-12-01
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MPD Circular No. 05: Maintenance of Statutory Liquidity Ratio (SLR) in compliance with Section 33 of Bank Company Act, 1991
The required Statutory Liquidity Ratio (SLR) including cash balances with Bangladesh Bank must be maintained at not less than 19.00 percent of average total demand and time liabilities by banking companies, and at not less than 11.5 percent by Islamic Shariah-based banks and Islamic banking branches or windows of conventional banks. These requirements apply to all scheduled banks operating in Bangladesh and take effect from December 15, 2010.
Bangladesh Bank Head Office Motijheel, Dhaka-1000 Bangladesh Monetary Policy Department MPD Circular No- 05 Date: 01 December 2010 17 Ogrohayon 1417 Chief Executives All Scheduled Banks operating in Bangladesh Dear Sir, Maintenance of Statutory Liquidity Ratio (SLR) in compliance with Section 33 of Bank Company Act, 1991. Please refer to MPD circular No-02 dated 4 May 2010 and MPD circular note No- MPD 116/2010-628 dated 12 May 2010 on the captioned subject. 02. It has been decided that the amount of Statutory Liquidity Ratio (SLR) including cash balances with Bangladesh Bank required to be maintained by the banking companies shall not be less than 19.00 (nineteen) percent of their average total demand and time liabilities and the amount of Statutory Liquidity Ratio (SLR) for Islami Shariah-based banks and the Islami Banking branches/windows of all conventional banks shall not be less than 11.5 (eleven and half) percent of their total demand and time liabilities with effect from December 15, 2010. In this regard, Notification No-MPD-116/2010-1713 dated 01 December 2010 is enclosed with this for information and necessary actions at your end. Please acknowledge receipt.
Enclosure: As stated above. Sincerely yours, Sd/- (Begum Sultana Razia) General Manager Phone: 9564119
Bangladesh Bank Head Office Motijheel, Dhaka-1000 Bangladesh Monetary Policy Department No MPD - 116/2010-1713 Date: 01 December 2010 17 Ogrohayon 1417 Notification In exercise of the power conferred by Section 33(1) of Bank Company Act, 1991 (Act No-14 of 1991) Bangladesh Bank does hereby order that the required amount of Statutory Liquidity Ratio (SLR) including cash balances with Bangladesh Bank to be maintained by the banking companies in Bangladesh shall not be less than 19.0 (nineteen) percent of their total demand and time liabilities and the amount of SLR for Islamic Shariah-based banks and the Islamic banking branches/windows of all conventional banks shall not be less than 11.5 (eleven and half) percent of their total demand and time liabilities. 02. This order shall come into force from 15 December 2010. SD/- (Ziaul Hassan Siddiqui) Deputy Governor
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