Bangladesh Bank (BB) in a circular has ordered scheduled bank to maintain cash reserve requirement (CRR) and statutory liquidity ratio (SLR) separately from February 1, 2014.

The BB has taken the decision as per Bank Company Act (Amended) 2013, said the circular issued by the monitory policy department of the central bank.

From February 1, 2014, all scheduled banks will have to place the SLR of the current account after deducting 6.0 per cent as CRR. The conventional banks have to maintain with the BB the SLR at 19 per cent, including the CRR.

The banks are also allowed to maintain the CRR at 5.50 per cent on the daily basis, but the bi-weekly average has to be 6.0 per cent.