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Bangladesh Bank refixes interest rates for NBFIs


Bangladesh Bank refixes interest rates for NBFIs

Bangladesh Bank has refixed the interest rates for deposits and loans of the non-bank financial institutions (NBFIs). The central bank's Department of Financial Institutions and Markets on Tuesday (Mar 5) issued a circular in this regard.

The circular stated that from now on, any NBFI will be able to pay customers interest on deposits at a rate of six months moving average rate of Treasury bill (SMART) + 2.50 percent.

In the case of lending, institutions can now charge SMART + 5.5 percent interest.

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