SD Circular No. 03: Submission of the statement of rate of interest on Deposits and Advances through RITs

Website: www.bb.org.bd Statistics Department Bangladesh Bank Head Office Dhaka S.D. Circular No. 03 Date: August 05, 2018 Shrabon 21, 1425 Managing Director/Chief Executive Officer/Country Director All scheduled banks & financial institutions functioning in Bangladesh Dear Sir, Submission of the statement of rate of interest on Deposits and Advances through RITs Please refer to our master circular no.-06/2014, dated 21 December, 2014 (Para-11) and a letter no. D.S.B.S-4(50)/2012-(821-851) by which the Statistics Department of Bangladesh Bank instructed all the Scheduled Banks and Financial Institutions respectively to submit the statement of rate of interest on Deposits and Advances through uploading the related RIT available in the BB's website by the 15th of the following month to which the data relates. On the basis of the data Statistics Department computes a very significant financial indicator namely Spread which is used to consider and justify the weighted average rate of interest to be ascertained on Deposits and Advances and it also be used in preparing country's monetary policy. Presently, on an urgent basis the spread data are to be prepared and send to the higher authority (Governor's Secretariat Office) and to it's users by the 12th of the following month. So, you are advised to upload the related RITs (T_ME_M_DEPO_DRI and T_ME_M_LNA_RATES) and send it through Bangladesh Bank's web portal by the 10th of the following month as thus we can meet the demand of our higher authority and other users. This instruction would be effective from August, 2018. It is to be mentioned here that the RITs (T_ME_M_DEPO_DRI and T_ME_M_LNA_RATES) related to these returns can be downloaded directly from Bangladesh Bank website. Yours faithfully,

(Nabadwip Chandra Biswas) Deputy General Manager Phone: 9530345