Tuesday, September 18, 2018, 08:32:01 PM

Bank loan interest rates max 9%, 6% for deposit

Senior Correspondent | banglanews24.com
Update: 2018-08-02 6:50:45 AM
Bank loan interest rates max 9%, 6% for deposit
Finance Minister Abul Maal Abdul Muhith speaking to reporters

DHAKA:  The government fixed interest rates maximum 9 percent for lending, and 6 percent for deposit from August 9 in all schedule banks.

Finance Minister Abul Maal Abdul Muhith made the disclosure after a meeting with the bank owners and managing directors (MDs) Thursday (August 2).

Bangladesh Bank (BB) Governor Fazle Kabir, Financial Institutions Division Senior Secretary Yunusur Rahman were present at the meeting in Sher-e-Bangla Nagar of Dhaka.

“We have made it (the decision) following instruction from the prime minister. It will come into effect from August 9,” said the minister.

However, Muhith further said the banks aren’t suffering any fluctuation crisis, at present.

BDST: 1649 HRS, AUG 2, 2018

SI/SMS

 

 

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.


Alexa