ZCZC
BSS-35
BB-CRR
BB cuts CRR to 1.5pc for NBFIs
DHAKA, June 21, 2020 (BSS) – Bangladesh Bank (BB) has reduced cash
reserve ratio (CRR) by 100 basis points to 1.5 percent from the
existing level of 2.5 percent for non-banking financial institutions
(NBFIs).
“NBFIs are required to maintain minimum 1.5 percent CRR with the
central bank on bi-weekly average instead of 2.5 percent earlier,” as
per a BB circular issued today.
The NBFIs will be allowed to maintain the reserve at one percent instead
of two percent on daily basis, the circular added.
The new CRR requirement rules are in retrospective effect from June 01, 2020.
BSS/KUC/MRU/1856hrs