BB warns banks on interest rates
Posted by on Thu, Mar 01 2012 07:46 am
Bangladesh Bank yesterday asked all banks not to offer any interest rate on deposits beyond the declared rate.
Some banks offered depositors interest rates beyond the declared ones, the central bank said in a letter to banks. The BB asked the banks to forward the interest rate on deposits every week in order for BB to monitor.
The interest rate on deposit and lending can be changed only once a month, according to the letter.
The Daily Star/Bangladesh/ 1st March 2012
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